Undergraduate - UnitETC3860 - Integrated economic modelling

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Econometrics and Business Statistics
Offered	Not offered in 2014
Coordinator(s)	Dr Simon Angus and Dr Brett Parris

Synopsis

The aim of this unit is to enable students to understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development, and to enable them to design and undertake integrated modelling exercises for themselves. A complex systems science perspective will be adopted, introducing Agent-Based Modelling (ABM) as a flexible and powerful tool for exploring solutions to complex real-world problems. The ABM approach will be demonstrated and critically assessed through several interdisciplinary, integrated economy/sustainability models. Additionally, a flexible ABM modelling platform (NetLogo) will be introduced and demonstrated.

Outcomes

The learning goals associated with this unit are for students to:

understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development
comprehend and critically assess the complex systems perspective
critically evaluate agent-based models and their outputs
develop and analyse an agent-based model of an integrated modelling problem
undertake verification, validation, evaluation and assessment of integrated modelling outputs
apply integrated modelling approaches to real-world interdisciplinary economic problems.

Assessment

Within semester assessment: 60%
Examination: 40%

Chief examiner(s)

Dr Simon Angus (First semester)
Dr Brett Parris (Second semester)

Workload requirements

3 hours per week

Prerequisites

Students must have passed ETC1000 before undertaking this unit

Co-requisites

It is recommended that students study ECC2800 Prosperity, poverty and sustainability in a globalised world