Video Resource Thinking 2016-10-27T11:21:32+00:00
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Economic Regulatory Systems

Economic Regulatory Systems Throughout the Industrial Age national governments have served the function of macro-level economic regulation. An economic regulatory system is an approach to managing or regulating an economy. In this article, [...]

Economic Self-Organization

Economic Self-Organization Whole macro-scale economies can be seen as the emergent outcome of micro-level interactions. In the process of self-organization, agents come to synchronize their states giving rise to the multiplicity of institutions that [...]

Nonlinear Economic Dynamics

Nonlinear Economic Dynamics Processes of change within the economy that are driven by positive feedback create nonlinear change and a macro-level disequilibrium to the overall economy. Processes of economic development may be defined [...]

Economic Feedback Loops

Economic Feedback Loops Feedback loops describe relationships of interdependence between parts and they are at the foundations of all nonlinear processes of change within economies How complex systems like businesses and economies change [...]

Social Complexity Overview

In this module we will be giving a quick overview to the application of complexity theory to the social sciences what we call social complexity, we start off with a very broad discussion surrounding the scientific enterprise as we talk about paradigms in general and the Newtonian paradigm in particular. We will go on to talk about how the basic assumptions underpinning our traditional formal approaches, begin to fail when we start to deal with more complex systems consisting of a very many autonomous, diverse, components, that are highly interconnected and interdependent, as often is the case within the social sciences. We briefly introduce complexity theory as an alternative approach to modeling these complex systems, an approach that is based upon a paradigm inherited from systems theory. Finally we touch upon how complexity science is based upon a new set of computational methods and how big data is set to have a transformative effect on the social sciences in the coming decades

Economic Theory Overview

In this video we will be firstly talking about what theories and paradigms are and providing a little insight to their basic workings before moving on to define this subject that we call economics. We will outline some of the major considerations involved in the study of economics, including trying to understand the logic behind the decision making of agents, theories of economic value, the dynamics of cooperation and competition, economic institutions and economic development

Pattern Formation

A pattern is any set of correlations between the states of elements, pattern formation refers to internally generated patterns. Systems that have the ability to self-organize; to create order from initial disorder.

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