This book offers a practical guide to Agent Based economic modeling adopting a learning by
doing approach to help the reader master the fundamental tools needed to create and analyze
Agent Based models. After providing them with a basic toolkit for Agent Based modeling it
present and discusses didactic models of real financial and economic systems in detail. While
stressing the main features and advantages of the bottom-up perspective inherent to this
approach the book also highlights the logic and practical steps that characterize the model
building procedure. A detailed description of the underlying codes developed using R and C is
also provided. In addition each didactic model is accompanied by exercises and applications
designed to promote active learning on the part of the reader. Following the same approach the
book also presents several complementary tools required for the analysis and validation of the
models such as sensitivity experiments calibration exercises economic network and
statistical distributions analysis.By the end of the book the reader will have gained a deeper
understanding of the Agent Based methodology and be prepared to use the fundamental techniques
required to start developing their own economic models.Accordingly Economics with
Heterogeneous Interacting Agents will be of particular interest to graduate and postgraduate
students as well as to academic institutions and lecturers interested in including an overview
of the AB approach to economic modeling in their courses.
