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PER Mini Course – Sanjeev Goyal, Professor of Economics, University of Cambridge

Wednesday, March 11, 2020 - Friday, March 13, 2020

The Network Economy

Venue:
This Program for Economic Research (PER)’s Spring Mini Course will be held in two parts.
Part I: Wednesday, March 11, 2020, 2:15PM-4:15PM (East Gallery, Columbia Maison Française) (get directions)
Part II: Friday, March 13, 2020, 10:00AM-12::00PM (East Gallery, Columbia Maison Française) (get directions)

*Open to current Columbia University students only

Speaker:
Sanjeev Goyal, Professor of Economics, University of Cambridge

Our life takes place at the intersection of the global and the local: we function in a world dominated by large firms and big governments, but we also inhabit neighborhoods of friends and family, colleagues and collaborators. Game theory is well suited for the study of behavior in small exclusive groups while general equilibrium theory provides a sophisticated approach to the understanding of large anonymous systems. Networks offer a framework that combines local interactions within large interconnected populations. They therefore fill an important gap in the toolkit of economists.

The key methodological innovation of the early research on networks was the introduction of graph theory alongside purposeful agents. Building on this work, over the past two decades, economists have developed models that include networks, alongside the familiar notions of strategy, information, prices and competition. As a result, networks have now become central to improving our understanding of macro-economic volatility and cycles, patterns of international trade, contagion and risk in financial and social systems, resilience of infrastructure and supply chains, economic development, unemployment and inequality, and a host of other important phenomena.

This course introduces new ideas relating to the structure and the performance of networks, and then discuss Professor Goyal’s recent research.

Registration:
The Mini Course is open to all current Columbia University students. Register here.

This conference is sponsored by Columbia University’s Program for Economic Research (PER) and Microeconomic Theory Initiative.
Please direct all questions to econ-per@columbia.edu.

 

Details

Start:
Wednesday, March 11, 2020
End:
Friday, March 13, 2020
Event Categories:
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Venue

Maison Francaise
515 W 116th st
New York, NY 10027 United States
+ Google Map
1022 International Affairs Building (IAB)
Mail Code 3308  
420 West 118th Street
New York, NY 10027
Ph: (212) 854-3680
Fax: (212) 854-0749
Business Hours:
Mon–Fri, 9:00 a.m.–5:00 p.m.

1022 International Affairs Building (IAB)

Mail Code 3308

420 West 118th Street

New York, NY 10027

Ph: (212) 854-3680
Fax: (212) 854-0749
Business Hours:
Mon–Fri, 9:00 a.m.–5:00 p.m.