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Syllabus

1. Information about the program


1.1 Institution of higher education
1.2 Faculty
1.3 Department
1.4 Domain
1.5 Cycle of studies
1.6 Study program / qualification
2. Discipline data
2.1 Course title
Course code
2.2 Holder course activities

2.3 Holder workshop activities

2.4 Year of study 1

2.5
Semester

Bucharest University of Economic Studies


Cybernetics, Statistics and Economic Informatics
Informatics and Economic Cybernetics
Cybernetics, Statistics and Economic Informatics
Bachelor's degree
Economic Cybernetics

FUNDAMENTALS of ECONOMIC CYBERNETICS

01010102OS221103L
Prof. univ. Dr Emil Scarlat
Prof. Dr. Andrei Anca Michaela
Prof. Dr. Chiri Nora
Prof. Dr. Mitru Dorin
Emil.scarlat@csie.ase.ro
Prof. Dr. Chiri Nora
Prof. Dr. Andrei Anca Michaela
Asist. Dr. Bncescu Mioara
II

2.6 Type of
assessment

Written
exam

2.7 Subject
regime

Mandatory

3. Total estimated time (hours per semester of teaching)


3.1 Number of hours per week
4
of which:
2
3.2 course
3.3 seminar / laboratory
3.4 Total hours of plan
56
of which:
28
educational
3.5 course
3.6 seminar/laboratory
Time distribution
Study after books, course materials, bibliography and notes
Additional documentation in library, on specialized electronic platforms and field
Training seminars / labs, homework, essays, portfolios and essays
Tutoring
Examinations
Other activities: Documentation and solve homework and case studies for final examination
3.7 Total hours of individual
study
3.8 Total hours per semester
3. 9 Number of credits

2
28
hours
20
6
12
2
4
44
100
4

4. Prerequisites (where applicable)


4.1 curriculum
Economics
Math ( Algebra, Mathematical Analysis)
Fundamentals of Operational Research
4.2 skills
Digital
5. Conditions (where applicable)
5.1. of the course
The lectures are held in rooms with internet access and multimedia teaching
equipment
5.2. to conduct seminar /
The seminars are held in rooms with work stations and Internet access

laboratory

competencesTransversal

Professional skills

6. Specific skills acquired

C1

C4

C5

CT2

7. Course objectives (based on the grid competencies acquired)


7.1 The overall objective Develop skills of analysis, synthesis and modeling of complex adaptive systems in
of subject
the economy using general principles of cybernetics and systems
7.2 The specific objectives Identifying and understanding the properties of complex

adaptive systems, from economy ,separately and in close


correlation with each other;
Use systemic properties identified to develop cyber
mechanisms and dynamic models of self-control processes from
real economic systems;
Design based on cybernetic models made, of some evolutionary trajectories and
strategies of economic management and control systems from reality.
8. Contents
8. 1 Course

Teaching methods

Course no. 1:

The emergence and development of cybernetics. Main stages


of development of cybernetics from the beginning until now

Course no. 2:

Comments

Oral lecture using


multimedia
presentations.
Interaction with
students using
questions in class
Idem

Course support

Idem

Idem

Idem

Idem

Idem

Defining cybernetics as a science. Purpose and methods of


economic cybernetics
Course no. 3:

Modeling main method to study the cybernetics


Course no. 4:

Modeling based on equations in economics


Course no. 5:

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Idem

Interaction with
students to identify
the different cyber
systems from
economy and the
description of the
properties as
complex adaptive
systems

It is recommended to
use all the
knowledge acquired,
in order to issue
relevant opinions on
the behavior and
evolution of these
systems

Modeling based on agents in economics


Course no. 6:

Simulation and its use as a study method of economic


systems
Course no. 7:

Complex adaptive system. Definitions and properties


Course no. 8:

Connectivity and interdependence in complex adaptive


systems. Complex networks in economics
Course no. 9:

Co-evolution of complex adaptive systems in the economy.


Fitness landscape models of co-evolution
Course no. 10:

Dissipation and chaos in complex systems. Operation-awayfrom-equilibrium


Course no. 11:

Feedback processes of control. Multiplier, accelerator and


mixed fundamental processes
Course no. 12:

Self-organizing in complex adaptive systems in the economy


Course no. 13:

Emergence - fundamental property of complex adaptive


systems
CURS 14:

Examples of complex adaptive systems and their evolution


models

References:
References required

Scarlat E., Chirita Nora Bazele Ciberneticii Economice, Economics Publishing, 2012,
Bucharest
Scarlat E. Ageni si modelarea bazata pe agenti in economie, ASE Publishing, 2006,
Bucharest

Optional References:

Bar-Yam Y. - Dynamics of Complex Systems, Addison-Wesley, 2007, UK


Espejo R., Reyes A. Organisational Systems Managing Complexity with the Viable System
Model, Springer, 2011, US
Fishwick P.A. Handbook of Dynamic System Modeling, Chapman and Hall Publishing, 2009,
USA
Schwaninger M. Intelligent Organisations Powerful Models for Systemic Management,
Springer, 2009, UK

8. 2 Seminar/laboratory

Teaching methods

Comments

Submission requirements for the seminar


activity and the development of a research
paper / documentation field

Exposure

The emergence and development of cybernetics. Main


stages of development of cybernetics from the beginning
until now

Presentations followed
by discussion and
comparative analysis

Modeling based on equations in the economy.


Build models based on equations. Validation of
models. Calibration data models. Solving models
using different means. Interpretation of results .
Sensitivity study for the solution obtained

Numerical problems
related to the types of
models presented and
solved using
appropriate software
packages
Numerical problems
related to the types of
models presented and
solved using
appropriate software
packages
Presentation of agentbased simulation
models and their solving

Agent-based modeling in the economy.


Peculiarities of agent-based models. Building
agent-based models. Development of the
models. Simulation models based on agents. The
solution and the interpretation.

Simulation of the cybernetic-economic systems.


Dynamic system and its role in the development of
cybernetic simulation models. Feedback loops, delays
and streams. Making general scheme of the model.
Solving simulation model using specific software
(Powers, STELLA etc.).
Quantitative and qualitative properties of complex
economic and social networks.

Fundamental regulatory mechanisms of economic


systems. The main types of mechanisms: accelerator,
multiplier and mixed. Influence diagrams and their role
in achieving cybernetic models of macroeconomic
systems.
Examples of complex adaptive systems in the
economy: enterprises, financial markets, corporate and
national economy. Similarities and differences. The
evolution of these systems modeling and development
of micro-macro models of interdependencies

Presentations of
complex networks
followed by discussions
and determinations of
quantitative indicators
Analysis and
experimentation of the
dynamics of the control
process, using schemes
and their dependency
chains
Presentation of the main
economic examples

1 seminar

1 seminar
3 seminars
It will be used a
software capable of
solving differential
equations and finite
difference equations
3 seminars
It will be used an
open source
modeling language
NETLOGO

1 seminar

2 seminars
2 seminars

1 seminar

References:

References required:

Scarlat, E., Chirita Nora Bazele Ciberneticii Economice, Economics Publishing, Bucharest, 2012
Ferguson B.,Lim G. Discrete Time Dynamic Economic Models, Routledge, 2003, UK
Fishwick P. Handbook of Dynamic System Modelling, Chapman&Hall/CRC, 2007, USA
Shone R. Economic Dynamics-Phase Diagrams and Their Economic Application, Cambridge
University Press, 2002, UK
9. Bridging subject content with the expectations of epistemic community representatives, professional
associations and employers representative for the program.
1. Understanding the functioning of an organization and decision-making mechanisms at this level, using
cybernetic models and regulation mechanisms;
2. Attending the course on Fundamentals of Economic Cybernetics will help the student to form a style
of rigorous and analytical work to understand the systemic nature of the economic environment in which

will work, to get used to rigorous analytical and decision methods and profitable organization;
3.The discipline provides to future professionals a working methodology focused on studying the
interactions and interdependencies between different systems and business processes. They are aware
that a decision or a plan of action in a particular system or subsystem has repercussions across socioeconomic organizations and influence its entire life cycle.
10. Assessment
Type of the
activity

10.4 Course

10.1 Assessment Criteria

10.2 Assessment methods

Breadth and depth of knowledge


gained
Proof of ability to develop and use
a cybernetic model to study the
properties of economic systems

Written examination test - 100


questions
Record attendance at lectures
and participation through
questions and discussion
during the course
Evaluation attendance at
seminars
and
direct
participation in discussions
related to resolution of
examples of cybernetic
models for real economic
systems
Assessing the quality of
paper
and
requiring
explanations about
the
introduced ideas and the
issues presented

Solving practical problems posed


by cyber systems modeling and
simulation of the economy
10.5
Seminar/laboratory
Ability to develop and support
research topic / documentaries
chosen beginning of the semester

10.3 Percentage
of final grade
50%
20%

15%

15%

10.6 Minimum performance standard


Knowledge of the following basic problems ensures - minimum passing grade (5):
1.Object and methods of economic cybernetics;
2. General knowledge of the properties of complex adaptive systems in the economy: connectivity and
interdependence, co-evolution, running-away-from-equilibrium, nonlinearity and chaos, adaptability, selforganization.
3. Basic principles of cybernetic systems and economic modeling. Building models, model validation,
calibration data models, solving models, analysis models solutions;
4. Simulation of the cybernetic-economic systems. General principles;
5. Comparison of the advantages and disadvantages of models based on equations and models based
on agents;
6. Knowledge of at least one model based on equations;
7. Knowledge of at least one model based on agents;
8. Fundamental of control mechanisms of the economy: classification and their operation;
9. Examples of cyber systems in economy.
Participation in at least 50% of lectures and seminars is a condition of entry into the examination;
Develop a research paper / documentation and obtain at least a grade 6 (six).

Date of completion

Signature of the course holder

Semntura titularului de seminar

For the team of course holders

For the team of seminar holders

Prof. Emil Scarlat Phd.

Prof. Nora Chirita Phd.

Date of approval in the department

Signature of Department Director

............................................

Lect. Ctlin Boja Phd.