Academic Catalog

ECON692 EVOLUTIONARY ECONOMICS

Course Code: 3110692
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 8.0
Department: Economics
Language of Instruction: English
Level of Study: Graduate
Course Coordinator: Prof.Dr. EROL TAYMAZ
Offered Semester: Fall or Spring Semesters.

Course Content

The main objective of this course is to enable students to understand concepts, methods and results of evolutionary analysis of technical change and economic dynamics. Students examine how evolutionary approaches can be used to further the understanding of complex processes and industrial dynamics (selection, competition, innovation, variety-creation, learning, etc.) that transform economic and social structures. The course includes micro simulation exercises on the computer to allow students to explore evolutionary theories and applications of these in an active way.