New course Dynamic modelling for more realism in economics
Do not hesitate to enroll in a new course about dynamic modelling and boost your qualification this way!
The course will explore the Modern Monetary Theory (MMT) through the dynamic lens of Stock-Flow Consistent (SFC) modelling in Minsky’s open-source software. Through hands-on experience, students will dive into the complexity of economic systems and comprehend probability and uncertainty in economic forecasting and decision-making. Students will gain expertise in system building, allowing them to visualize, test, and critique various economic scenarios and policies. The practical experience will be deepened by three external guests, all masters in their respective fields.
Learning outcomes:
- Understand and apply Stock-Flow Consistent (SFC) modelling principles to represent real-world economic systems.
- Grasp the core tenets and implications of Modern Monetary Theory (MMT) in contemporary economic discourse.
- History of money
- Reality of Fiat money creation
- Reality of a national debt
- Gain proficiency in utilizing Minsky and Machinations – dynamic macro-economic modelling tools.
- Implement Monte Carlo modelling for probabilistic analysis and understanding uncertainty in economic predictions.
- Engage with global thought leaders and absorb diverse, advanced perspectives on dynamic economic modelling.
Course guarantor: Ph.D. Jakub Jedlinský
External course instructor: Martin Bok
Martin Bok
Martin Bok successfully graduated in International Business from the Prague University of Economics and Business (VŠE). After completing his studies, he joined the investment company Altlift, where he specializes in SFC modelling. Additionally, he actively contributes to the modelling of other models in the Minsky software.
