University of Virginia - The Economics of AI
- Offered byCoursera
The Economics of AI at Coursera Overview
Duration | 28 hours |
Start from | Start Now |
Total fee | Free |
Mode of learning | Online |
Difficulty level | Advanced |
Official Website | Explore Free Course  |
Credential | Certificate |
The Economics of AI at Coursera Highlights
- Flexible deadlines Reset deadlines in accordance to your schedule.
- 100% online Start instantly and learn at your own schedule.
- Advanced Level 1st Year MA/PhD sequence in economics or similar level of analytical skill at advanced undergraduate level
- Approx. 28 hours to complete
- English Subtitles: English
The Economics of AI at Coursera Course details
- 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.
The Economics of AI at Coursera Curriculum
What is Intelligence?
Introduction
What is Intelligence?
Substrate Independence
Examples of Intelligent Entities
Agents
The Teleological Stance
Goals
Evolution of Intelligence
Introduction to Information Theory
Shannon Entropy
Information as a Decrease in Uncertainty
A Brief History of AI
From the Birth of AI to Deep Learning
The Human Intelligence Landscape
Comparing Human and Artificial Intelligence
Tips for Taking this Course
Additional Resources on Intelligence
Additional Resources on Agents, Goals, and Intelligence
Additional Resources on Information Theory
TensorFlow Playground
Recent Advances in AI
Additional Resources on 'AI in Context'
Slides
Share Your Reflections on Intelligence
Help Us Spread the Word
How to Earn a Course Certificate
Credits
What Is Intelligence?
Modeling Technological Progress
Module 2 Introduction
Modeling the Production Process
Properties of Production Functions
Isoquants and Factor Price Frontiers
Modeling Technology
Parameterizing Technology
Bias of Technological Change
Decomposing Technological Change
Labor-Saving Technological Progress
The Task-Based Framework of Production
Tasks, Labor-Saving Progress, and New Tasks
Information Goods
A Model of Digital Innovation
Derivation of Demand Curve
Economic Effects of Digital Innovation
Economic Effects of Digital Innovation - Continued
Public Policy Implications
Production Networks
Solving the Problem
A Version of Hulten's Theorem
Additional Resources on Modeling the Production Process
Additional Resources on Labor-Saving Progress
Additional Resources on Data & Information Goods
Additional Resources on Production Networks
Slides
Share Your Reflections on Modeling Technological Progress
Modeling Technological Progress
AI and Economic Growth
Introduction to AI and Growth
Malthusian Stagnation
Solving the Malthusian Model
Comparative Statics in a Malthusian World
Growth During the Industrial Age: the Solow Model
The Steady State in the Solow Model
Explaining Growth during the Industrial Age
AK-Style Endogenous Growth
Growth and AI: Opening up New Possibilities
Interview with Phil Trammell on Growth under Transformative AI (Optional)
Capturing an Economic Singularity
Modeling Knowledge Accumulation
Preparatory Reading and Slides
Additional Resources on Malthusian Stagnation
Additional Resources on Growth During the Industrial Age
The AI Revolution: The Road to Superintelligence (Optional)
Additional Resources on Growth in the Age of AI
Share Your Reflections on AI and Economic Growth
AI and Economic Growth
Labor Markets and Inequality
Introduction to Labor Markets and Inequality
History of Technology and Labor
Neoclassical Labor Market Equilibrium
Technological Progress and Labor Market Equilibrium
Technological Unemployment: Matching Frictions
Technological Unemployment: Efficiency Wages
Decline in the Labor Share
Skill-Biased Technological Change
Routine-Replacing Technological Change
Phasing Out Human Labor
Individual Losses from Job Displacement
Work and Meaning
Preparatory Readings and Slides
Additional Resources on the History of Technology and Labor
Additional Resources on Neoclassical Concepts and Technological Unemployment
Why are there still so many jobs?
Further Readings
Additional Resources on Developments in Recent Decades
Additional Resources on Phasing Out Labor
Share Your Reflections on Labor Markets and Inequality
Labor Markets and Inequality
Economic Policy in the Age of AI
Introduction
Technological Progress and Welfare
Possibility of Pareto Improvements
Technological Progress Under Perfect Insurance
Compensating Losers Under Costly Redistribution
Technological Progress Under Market Imperfections
Similarities of Technological Progress and Globalization
Economic Policy for the Age of AI
Economic Policy and Utility Possibilities
Income Distribution
Managing the Transition to Less Work
Profit-Sharing: A Windfall Clause
Pre-Distribution
The Rents of Innovators
Competition, IPR and Information Policy
Technology Policy
Taxation in the Age of AI
Redistributive Objectives in Steering Technological Progress
Steering Technological Progress: Examples
Steering Progress Towards Non-Monetary Objectives
Interview with Katya Klinova (Partnership on AI)
Slides
Additional Resources on Technological Progress and Welfare
Additional Resources on Economic Policy for the Age of AI
Additional Resources on Taxation in the Age of AI
Additional Resources on Steering Technological Progress
Share Your Reflections on Economic Policy in the Age of AI
Economic Policy in the Age of AI
The Economics of Transformative AI
Introduction to The Economics of Transformative AI
The Agents of Economic Activity
Towards a Broader Model of Economic Agents
Examples of Economic Entities
Malthusian Frontier
Preferences and Behavior
Worker-Replacing Machines
Where Are We On the Frontier?
Long-Run Viability of Humans
Measurement of an Economy with AI Agents
Hacking the Human Brain
The AI Control Problem
Delegation and Alignment
Direct and Social Alignment
Achieving Social Alignment
Epilogue: Interview with Joseph Stiglitz
Slides
Further Readings on An Economy with Non-Human Agents
Further Readings
Further Readings on The AI Control Problem
Share Your Reflections on the Economics of Transformative AI
The Economics of Transformative AI
The Economics of AI at Coursera Admission Process
Important Dates
Other courses offered by Coursera
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