Agent-Based Economic Modelling
First Ancona-Milano Summer School on AB Economics
Ancona, 1-5 September 2015
Why Agent Based Macroeconomics
Agent Based Macroeconomics (ABMs) is the application to macroeconomic
modeling of computational techniques developed to analyze multi-agent
systems, i.e. economies where heterogeneous households, firms, financial
intermediaries interact with each other and the environment. The dynamic
pattern of the resulting aggregate time series – for instance of GDP – is
characterized by the endogenous emergence of deep disequilibria and sudden
state transitions – i.e. dramatic recessions followed by slow and painful
recoveries – which is what a macroeconomic model should do in times of
global financial crisis and great recessions. This is the reason why ABMs
have been gaining attention both within the academic debate and among
international institutions and policymakers.
To who is the summer school addressed?
This Summer School is addressed to highly motivated graduate and Ph.D.
students, as well as researchers working for public and private research
centers, who want to integrate their curricula with the analytical and
technical tools developed within this innovative field of study.
Aims and Objectives
Students will be introduced step by step to the logic of Agent Based
modelling and will progressively come to master the fundamental tools
required to build and analyze an Agent Based model, following a “learning
by doing” didactic approach.
The Summer School will be geared around the live construction of simplified
AB models of real and financial markets, explicitly designed for didactic
purposes. Laboratory modules will be accompanied by exercises and
applications designed to promote an active and cooperative learning by
In addition, the summer school will cover some complementary aspects of
model-building techniques, such as calibration and validation protocols,
and methods for economic networks analysis.
What will you learn?
By attending the Summer School, students should then be able to achieve a
deeper understanding of the relatively young Agent Based scientific
Even more important, the highly practice-oriented didactic approach which
characterizes our Summer School should provide participants with the
necessary knowledge and skills to start developing their own AB economic
The Summer School is jointly organized by the Marche Polytechnic University
(Ancona) and the Università Cattolica del Sacro Cuore (Milan) – Complexity
Lab in Economics, with the financial support of the Institute for New
Economic Thinking (INET).
Dr. Alessandro Caiani (Marche Polytechnic University)
Dr. Tiziana Assenza (Università Cattolica del Sacro Cuore)
The number of participants is restricted to 20. We will thus only consider
applicants with strong interest in the field.
An expression of interest must be sent via mail before July, 15th 2015 to
an updated CV and a letter of motivation. Later applications will also be
evaluated, but only in the case of free posts.
The Summer School admission is free of charge. Further information
Contacts and Further Information
Further useful information, details, materials, contacts, links, will be
available on the Summer School website
http://absummerschool2015.univpm.it as soon as possible.
For any question please write to email@example.com