Decision Making in a Complex and Uncertain World (FutureLearn)

Decision Making in a Complex and Uncertain World (FutureLearn)
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Anyone should be able to participate in course. However, basic knowledge of economic, financial institutions, mathematics and logic will be helpful. The course will be taught at undergraduate level.
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Decision Making in a Complex and Uncertain World (FutureLearn)
This course will teach you the first principles of complexity, uncertainty and how to make decisions in a complex world. To learn how complexity and uncertainty influence and constrain our decisions. Our world seems to ever become more complex and uncertain. Future leaders must be able to act under these conditions. This course provides you with the broad scientific background necessary to develop yourself into one of the future’s key decision makers. First, this course will address the core concepts of complexity and uncertainty.

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Next, guest lecturers will related sub-fields. Finally, relating this all back together in case studies about financial stability and city development will conclude the course.


Syllabus


Week 1: Complexity & uncertainty

Week 2: Emergence & networks

Week 3: Agent based modelling

Week 4: Evolutionary dynamics

Week 5: Self-organisation & history

Week 6: Individual decision making & entrepreneurship

Week 7: Case study: Financial crisis & city development


What will you achieve?

By the end of the course, you'll be able to...

- Explain the difference between complex and complicated

- Explain the difference between risk and uncertainty

- Explain the following concepts: emergence, networks, evolutionary dynamics, social self-organisation and path dependence

- Experiment with complex systems in simple agent-based models.

- Apply the course concepts and tools to the social sciences of history, entrepreneurship, economics and spatial planning

- Debate how complexity and uncertainty influence human decision making and how you can counter these effects


Who is the course for?

Anyone who needs to make decisions in a complex and uncertain context (e.g. managers and project coordinators). The course will be taught at undergraduate level. Basic knowledge of economic, financial institutions, mathematics and logic will be helpful.



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Course Auditing
64.00 EUR
Anyone should be able to participate in course. However, basic knowledge of economic, financial institutions, mathematics and logic will be helpful. The course will be taught at undergraduate level.

MOOC List is learner-supported. When you buy through links on our site, we may earn an affiliate commission.