The Economics of AI

University of Virginia via Coursera

Overview

Embark on a comprehensive journey with the "Economics of AI" course, offered by the University of Virginia on Coursera, and delve deep into the pivotal research surrounding the economic impacts of Artificial Intelligence (AI). This enlightening course is designed to provide you with a profound understanding of the cutting-edge research in the economics of AI and its far-reaching implications on economic growth and labor markets.

Initiating our exploration, we dive into the essence of intelligence and information theory, laying the groundwork for a nuanced analysis. We seamlessly bridge this understanding with economic models concerning production and technological evolution, examining the transformative role of AI in these domains. The course then guides you through the dynamics of technological innovation and its contribution to aggregate economic growth, exploring diverse scenarios, including the intriguing concept of a growth singularity.

A critical lens is aimed at the AI-induced technological changes in labor markets, addressing the debate on technological unemployment and evaluating the evidence behind such fears. Our discourse extends to the examination of economic policies tailored for the advanced AI landscape, aiming to mitigate potential challenges. Concluding our journey, we confront the prospects of transformative AI advancements, pondering the significant disruptions they could cause and the complex issue of human control over highly intelligent AI algorithms.

Categorized under Artificial Intelligence Courses and Economics Courses, this program promises an immersive experience into the economic dimensions of AI, preparing you for the evolving challenges and opportunities in the field.