Back to Model Thinking
University of Michigan

Model Thinking

We live in a complex world with diverse people, firms, and governments whose behaviors aggregate to produce novel, unexpected phenomena. We see political uprisings, market crashes, and a never ending array of social trends. How do we make sense of it? Models. Evidence shows that people who think with models consistently outperform those who don't. And, moreover people who think with lots of models outperform people who use only one. Why do models make us better thinkers? Models help us to better organize information - to make sense of that fire hose or hairball of data (choose your metaphor) available on the Internet. Models improve our abilities to make accurate forecasts. They help us make better decisions and adopt more effective strategies. They even can improve our ability to design institutions and procedures. In this class, I present a starter kit of models: I start with models of tipping points. I move on to cover models explain the wisdom of crowds, models that show why some countries are rich and some are poor, and models that help unpack the strategic decisions of firm and politicians. The models covered in this class provide a foundation for future social science classes, whether they be in economics, political science, business, or sociology. Mastering this material will give you a huge leg up in advanced courses. They also help you in life. Here's how the course will work. For each model, I present a short, easily digestible overview lecture. Then, I'll dig deeper. I'll go into the technical details of the model. Those technical lectures won't require calculus but be prepared for some algebra. For all the lectures, I'll offer some questions and we'll have quizzes and even a final exam. If you decide to do the deep dive, and take all the quizzes and the exam, you'll receive a Course Certificate. If you just decide to follow along for the introductory lectures to gain some exposure that's fine too. It's all free. And it's all here to help make you a better thinker!

Status: Social Sciences
Status: Mathematical Modeling
IntermediateCourse28 hours

Featured reviews

RK

5.0Reviewed Nov 18, 2019

This is a fantastic course that I would recommend to anyone interested in learning how to think better. It introduced me to many topics that i want to learn more about. Thank you, Professor Page!

AA

5.0Reviewed Jun 6, 2016

Wonderful course and equally wonderful instructor. I really like how Scott builds up from a very simple model and by explaining the intuition behind how we got the math, explains the maths.

JG

5.0Reviewed Apr 7, 2018

This is a great introduction to the types and uses of models. The lectures are clear, and the examples given show good applicability to real world problems. Thanks for making it available!

AA

5.0Reviewed Nov 23, 2020

very informative and insightful on how to use the various models at our disposal to take optimal decision. Also, was nostalgic to go back in time where these models were part of my university degree.

BG

5.0Reviewed Jan 25, 2019

I learned much more than anticipated. In fact I've already started exploring areas of my work that model thinking would apply and how to use the tools presented in this class. Highly recommend!

LH

5.0Reviewed Jun 18, 2020

First time I have ever been excited about algebra and calculus. Understanding models will prove to be of great value when asked to interpret the meaning of collected data.

NY

5.0Reviewed Oct 16, 2016

This is a course for anyone who wants to be able to think logically. As an IT professional I would recommend this course to my colleagues in the Information Technology field.

GK

5.0Reviewed Feb 24, 2017

Great content and lectures, that possibly provides new dimensions to look/explain the situation in context, I guess I will comeback for references to continue with this journey in to 'Model Thinking'

FG

5.0Reviewed Jan 3, 2016

Really good. Fantastic overview. For my taste it was a bit too easy and it could have gone more in depth in some topics. But I understand the need to keep it general also.

JS

5.0Reviewed Feb 1, 2016

Loving this course so far, eager and excited to continue it and finish very soon. A great addition of analytical frameworks and management strategies to add to my toolkit.

LO

5.0Reviewed Apr 17, 2023

Great overview or survey of different types of models and how and why to apply them. It feels like a good jumping off point to other deeper work in the domain.

RA

5.0Reviewed Sep 20, 2018

All the way 5! I am a last year Ph.D. candidate and this is one of the best courses I have ever had in my whole life! The instructor is amazing! I highly recommend.

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