Back to The Economics of AI
University of Virginia

The Economics of AI

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.

Status: AI literacy
Status: Economics
AdvancedCourse28 hours

Featured reviews

Reviewed Oct 6, 2021

Great course!! So many interesting models and a very cool way to think about the world as we go into the future.

Reviewed Sep 1, 2025

Thank You University of Virginia. Thank You to the Resource moderators and experts.

Reviewed Jan 24, 2025

It was really worth it to have a good understanding of economics of AI.

Reviewed Jan 3, 2022

I have only gone part way through the first weeks courses, but I have to say that this is an excellently designed and taught course. Really well done, Dr. Korinek!

Reviewed Dec 29, 2023

A little bit challenging but very informative and helpful

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