The Economics of AI (online course)
The Economics of AI (online course)
Module Coordinator/Lecturers
Study Programmes
Cross faculty elective subjects
Master's degree programme in Information Systems
Bachelor's degree programme in Architecture
Master's degree programme in Architecture
Master's degree programme in Entrepreneurship and Management
Master's degree programme in Finance
Bachelor's degree programme in Business Administration
Master's degree programme in Innovative Finance
Bachelor's degree programme in Architecture
Master's degree programme in Architecture
Project Description
This course is provided through Coursera and is offered by the University of Virginia.
The Economics of AI
The course introduces you to cutting-edge research in the economics of AI and the implications for economic growth and labor markets. We start by analyzing the nature of intelligence and information theory. Then we connect our analysis to modeling production and technological change in economics, and how these processes are affected by AI. Next we turn to how technological change drives aggregate economic growth, covering a range of scenarios including a potential growth singularity. We also study the impact of AI-driven technological change on labor markets and workers, evaluating to what extent fears about technological unemployment are well-founded. We continue with an analysis of economic policies to deal with advanced AI. Finally, we evaluate the potential for transformative progress in AI to lead to significant disruptions and study the problem of how humans can control highly intelligent AI algorithms.
Instructor: Anton Korinek, University of Virginia
This module consists of 6 courses.
Course 1: What is Intelligence?
Course 2: Modeling Technological Progress
Course 3: AI and Economic Growth
Course 4: Labor Markets and Inequality
Course 5: Economic Policy in the Age of AI
Courses 6: The Economics of Transformative AI
The course starts on 10th of February 2025.
The course must be completed by 23rd of May 2025.
All parts of this course are free of charge.
The Economics of AI
The course introduces you to cutting-edge research in the economics of AI and the implications for economic growth and labor markets. We start by analyzing the nature of intelligence and information theory. Then we connect our analysis to modeling production and technological change in economics, and how these processes are affected by AI. Next we turn to how technological change drives aggregate economic growth, covering a range of scenarios including a potential growth singularity. We also study the impact of AI-driven technological change on labor markets and workers, evaluating to what extent fears about technological unemployment are well-founded. We continue with an analysis of economic policies to deal with advanced AI. Finally, we evaluate the potential for transformative progress in AI to lead to significant disruptions and study the problem of how humans can control highly intelligent AI algorithms.
Instructor: Anton Korinek, University of Virginia
This module consists of 6 courses.
Course 1: What is Intelligence?
Course 2: Modeling Technological Progress
Course 3: AI and Economic Growth
Course 4: Labor Markets and Inequality
Course 5: Economic Policy in the Age of AI
Courses 6: The Economics of Transformative AI
The course starts on 10th of February 2025.
The course must be completed by 23rd of May 2025.
All parts of this course are free of charge.
Teaching Method
Online courses
Learning Objectives
You learn how advanced artificial intelligence will affect our economy and our society.
Assessment Methods
see the course descriptions
Attenance min. 80% mandatory
Attenance min. 80% mandatory
Examination
Grading