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Complexity and Economic Behaviour

In the Complexity and Economic Behaviour track you focus on the complex analyses governing today's economic markets. This track is 1 of 4 tracks you can opt for in our Master's in Econometrics.

Advise on market development and behaviour

In the Complexity and Economic Behaviour track you will study economic theory, and learn about the complex calculations that govern today's advanced market configurations and pricing structures. Our teaching staff has a high regard for critical thought, so expect challenging discussions and a steep learning curve.

  • Gain deep insight into the behaviour of companies, governments, financial traders and private consumers in different market circumstances and dynamics.
  • Acquire the skills necessary for mathematical and statistical modelling.
  • Become an expert in the mechanics that channel contemporary auctioning and model dynamic economic behaviour.

Track-specific courses

  • Complex Economic Dynamics

    In this course you will analyse non-linear dynamical systems with applications in economics and financial markets.

    • Mathematical modelling and analysis of complex nonlinear dynamic phenomena.
    • Application of complexity modelling to economics and finance.
    • Computer simulations of periodic and chaotic solutions and interpretation of the numerical results.
    • Critical evaluation of literature on economic dynamics, in particular on behavioural models with boundedly rational agents.
  • Economic and Financial Network Analysis

    Network analysis helps to put structure in complex big data sets from social networking sites and financial data. In this course you will get thorough training in network analysis. You will cover network theory, simulation and empirics from an economic and from a data science point of view.

  • Behavioural Macro and Finance

    Economic theory assumes that agents (households and firms) are perfectly rational in making their decisions. However, this assumption is often too demanding. In this course you will focuses on the analysis of behavioural models in macroeconomics and finance with agents who are not fully rational, but behave more in accordance with experimental evidence.

  • Mandatory electives, semester 2

    Choose 1 out of 4 courses:

    • Financial Econometrics             
    • Microeconometrics      
    • Quantitative Models in Online Marketing          
    • Stochastic Calculus

Real-life case: redistribution model of research funding

Analyse a proposed new model of research funding distribution from a game theoretical point of view. Rather than applying for grants through writing research proposals, peers can distribute the funding freely among themselves. The main point of concern is that researchers will conspire and form a coalition to improve their own funding. Show that the game is indeed vulnerable to coalitions in general.

Complexity and Economic Behaviour and 3 other tracks

Complexity and Economic Behaviour is one of 4 tracks you can opt for in our MSc Econometrics. If you are more interested in another field of econometrics, read the info on one or more of the other tracks.