Nonlinear dynamic modeling of economic systems is using an interdisciplinary advance combining comprehension from Agent-based Computational Modeling and Economics with the reach to analyze the evolution of an economic system composed by intelligent agents. Agent-based Computational Modeling is paying attention on intelligent agents seen as entities that sum up other agents, procedures, parameters, and variables. Using agents, the scientist builds

The agent-based simulation methodology use generative computational approaches for analyzing “complex economic systems” defined as a large set of heterogeneous economic agents interacting with each other. The Agent-based Artificial Economy (AAE) is a grouping of individual artificial entities called agents (A) characterized by common interests that may have distinctive culture and institutions, and are part of an economic, social and industrial

Agent-based Computational Economics using NetLogo explores how researchers can create, use and implement multi-agent computational models in Economics by using NetLogo software platform. Problems of economic science can be solved using multi-agent modelling (MAM). This technique uses a computer model to simulate the actions and interactions of autonomous entities in a network, in order to analyze the effects on the entire economic system. MAM combines

We describe a multi-agent model of retail market of one bank that has n=100 customers. We do a number of 11 computer experiments that study the evolution of total amount of money, of savings, of available money to loans, of wallets, and of bank reserves in function of reserves rate ranging from 0 to 100 percents. The conclusions of these experiments are: (i) The total amount of money, savings, available money for loans, wallets, and loans is decreasing

In this article, we discuss about foreign trade operations using commodities exchange. We analyze theoretical aspects of commodities exchange operations and in addition we offer suggestive examples.

Netlogo is an agent-based simulation software that can be used for simulations in Social Sciences. I describe the essential features of this software application and the model party implemented using this simulation environment. I use the party model with a certain configuration in order to see the effects of tolerance on social equilibrium. The conclusion is that a higher tolerance permits a rapid social equilibrium while a lower tolerance offers

The development of theory and applications of multi-agent systems determined in the last years a real revolution regarding the modeling of complex systems. The structure of any agent-based computational model contains the next elements: parameters, variables, algorithms and agents. We make a comparative analysis of three multi-agent computational algorithms (RAND, NMEM and WMEM) used to harvest grain in a bi-dimensional lattice. The first algorithm

Under the present circumstances, the international trade is characterized by a series of highly important processes, such as: a) The growth of the national potential of economic competitiveness is ever fluctuating, being influenced almost decisively by the evolution of the technical progress and by its implementation in the economic and social life; b) The polarization of the trade exchanges; c) The internationalization of the financial markets;

Traditional export-import operations include the following steps: (1) the conclusion of the international trade contract between the exporter and importer; (2) sending the goods to the importer by the exporter; (3) payment by the importer to export goods. Alongside these traditional operations, foreign trade operations are conducted through stock of goods and values, export and import tenders, the modern counterpart, licensing of patents, consulting

The period of transition from socialist economy to capitalist one had a strong impact over the Romanian foreign trade. The external disequilibrium is revealed by the current account deficit and high rate of depreciation of national currency. In the last years, the depreciation of national currency was stopped but the problem of current account is still unsolved. In order to solve this problem, Romania must use the financial resources obtained from