Thermal Economics is a Mathematical Physics approach to Economics.

At the level of macroeconomics it uses the mathematics of Thermodynamics.

At the level of microeconomics it uses the mathematics of Statistical Physics.

TCC = Taught Course Centre, which is an online series of PhD lecture modules organised by Oxford, Warwick, Imperial, Bristol and Bath.

TCC Thermal Economics will run 10-12.00 on Tuesdays from 21 Jan to 11 Mar 2025.

For the Teams link, register with tcc@maths.ox.ac.uk, specifying the email address for your Teams access.

References:

NJ Chater, RS MacKay, Thermal Macroeconomics: an axiomatic theory of aggregate economic phenomena, arxiv:2412.00886

Y Luo, RS MacKay, NJ Chater, Tests of thermal macroeconomic theory on simulated microeconomies, arxiv:2410.20497