An approach for modeling the economy as a complex system using agent-based theory

Abstract

As our aim is to explore the future and anticipate economic changes, we have tried to analyze the economic system by performing an empirical study of the interactions between different economic agents. Therefore, the purpose of our work is to propose an agent-based model, in which interactions between different types of agents are modeled in an economic context; and that by introducing different economic activities; including hiring, firing, production and consumption. Furthermore, what can make this paper special is that the consumption of a group of agents will depend on their wealth and also on the consumption of their neighbors. However, to highlight this work, it will be edited later by simulating it using the Netlogo platform; in order to discover the effect and the outcome of some economic policies.