Economics of AI
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Master the economics of the most consequential technology ever built!

A PhD-seminar-level deep dive into how transformative AI (TAI) reshapes growth theory, labor markets, innovation, and governance — taught at the level of the frontier researchers actually writing the literature, not summarizing it.

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Economics of AI

"The economics of transformative AI (TAI) is too important to be left to either hype or hedging — it deserves the full weight of the discipline, and that is exactly what we bring to it."

— Val (Valdas) Samonis

What you'll learn

What you'll be able to do

  • Articulate the open research questions in TAI economics across growth, distribution, and innovation as framed by leading economists
  • Analyze how transformative AI challenges standard models of economic growth and total factor productivity measurement
  • Evaluate competing theories of income distribution under conditions of rapid automation and capital-labor substitution
  • Assess the economics of AI safety — including incentive structures, externalities, and the political economy of governance
  • Apply frontier frameworks for modeling AI-driven scientific progress and its effect on the innovation production function
  • Design original research questions or policy proposals grounded in the TAI economics literature

How it works

A school that adapts to you

This isn't a set of static videos. Every lesson is generated live and tuned to where you actually are.

We learn your level

A quick placement check tailors your starting point so you're never bored or lost.

Lessons adapt as you go

Each lesson is written for your pace and your goal, adjusting as your skills grow.

Your AI coach keeps you moving

Checkpoints, feedback, and gentle nudges turn progress into a real result.

The curriculum

What's inside your school

6 modules · 28 lessons

1

Framing the Economics of Transformative AI

Establishes what makes TAI economically distinct and orients students to the frontier research agenda.

  • 1.1What Is Transformative AI? An Economist's DefinitionIncluded
  • 1.2The Research Frontier: Why Standard Economics Falls ShortIncluded
  • 1.3Mapping the Open Questions: Growth, Distribution, Innovation, and SafetyIncluded
  • 1.4Methodology at the Frontier: Tools for Studying TAI EconomicsIncluded
2

TAI and Economic Growth: Models, Measurement, and Productivity

Examines how TAI challenges and extends standard growth theory and total factor productivity accounting.

  • 2.1Growth Theory Meets General-Purpose TechnologyIncluded
  • 2.2The Productivity Paradox, RevisitedIncluded
  • 2.3Modeling Explosive Growth and Singularity ScenariosIncluded
  • 2.4Intangibles, Data, and the Capital Stock Measurement ProblemIncluded
  • 2.5Empirical Strategies for Identifying TAI's Growth EffectsIncluded
3

Labor Markets, Automation, and Income Distribution

Analyzes how TAI reshapes the capital-labor split, skill premia, and the distribution of economic gains.

  • 3.1Task-Based Models of Automation: Foundations and ExtensionsIncluded
  • 3.2Capital-Labor Substitution at Scale: Theory and EvidenceIncluded
  • 3.3Skill-Biased vs. Ability-Biased Technological Change Under TAIIncluded
  • 3.4Winner-Take-Most Dynamics, Superstar Firms, and Rent ConcentrationIncluded
  • 3.5Redistribution Mechanisms: Taxes, Transfers, and Robot Taxes DebatedIncluded
4

AI-Driven Innovation and the Science Production Function

Applies frontier frameworks to understand how TAI transforms the economics of research, discovery, and knowledge creation.

  • 4.1The Innovation Production Function: Inputs, Outputs, and SpilloversIncluded
  • 4.2AI as a Scientist: Automating Hypothesis Generation and ExperimentationIncluded
  • 4.3Declining Research Productivity and Whether AI Can Reverse ItIncluded
  • 4.4Intellectual Property, Knowledge Spillovers, and AI-Generated InventionsIncluded
  • 4.5Feedback Loops: When AI Accelerates Its Own ImprovementIncluded
5

Decision-Making, Markets, and Economic Organization Under TAI

Explores how TAI reshapes firms, markets, and the foundational economics of information and decision-making.

  • 5.1AI and the Economics of Prediction: The Agrawal-Gans-Goldfarb FrameworkIncluded
  • 5.2Firm Boundaries, Hierarchy, and the AI-Enabled OrganizationIncluded
  • 5.3Market Design in AI-Saturated Economies: Auctions, Algorithms, and PlatformsIncluded
  • 5.4Macroeconomic Coordination and the Risk of AI-Driven InstabilityIncluded
6

The Economics of AI Safety, Governance, and the Political Economy of TAI

Applies economic tools — incentives, externalities, mechanism design — to AI safety and the governance of transformative AI.

  • 6.1AI Safety as an Economic Problem: Externalities and Market FailureIncluded
  • 6.2Incentive Structures in AI Development: Races, Coordination, and CommitmentIncluded
  • 6.3Mechanism Design for AI Governance: Standards, Liability, and TaxationIncluded
  • 6.4The Political Economy of TAI: Who Shapes the Rules and WhyIncluded
  • 6.5Designing Original Research and Policy Proposals at the TAI FrontierIncluded

Who it's for

Is this you?

Economics PhD students

Building the theoretical toolkit to situate a dissertation at the TAI frontier before the field moves on without them.

Academic economists

Expanding into TAI research from adjacent fields — growth, labor, innovation — and needing a rigorous map of the full landscape.

Policy economists

Designing governance frameworks and needing the mechanism-design and political-economy grounding to do it credibly.

Quantitative researchers

Working in finance, tech, or consulting and serious enough about AI's macro implications to want the real economic theory behind the forecasts.

Think tank fellows

Producing AI policy research and ready to move beyond surface-level takes into the distributional, governance, and innovation economics that underpin it.

Interdisciplinary AI researchers

Coming from computer science or public policy and determined to understand what frontier economics actually has to say about transformative AI.

Questions

Frequently asked

Your teacher

A note from your teacher

Val (Valdas) Samonis

Val (Valdas) Samonis

If you have spent any time at the intersection of economics and AI, you have probably noticed a strange gap: the popular discourse moves at the speed of press releases, and the serious academic literature — the growth theory, the automation models, the mechanism design — tends to remain siloed inside PhD programs and NBER working papers. Neither end of that spectrum is particularly useful if what you actually want to do is think rigorously about what transformative AI (TAI) means for the economy.

That gap is what this school/seminar is designed to close. Not by dumbing the economics down, and not by retreating into pure formalism — but by working through the latest frontier research agenda at the level it deserves. We will take general-purpose technology theory seriously. We will stress-test task-based automation models. We will engage honestly with what we cannot yet measure and why that matters. And we will treat AI safety and governance not as an ethics seminar but as an applied problem in public and institutional economics and mechanism design — which is what it actually is.

I built this curriculum because I believe the most important questions in economics right now are not being taught systematically outside of a handful of elite PhD programs — and even there, TAI economics tends to be scattered across fields rather than integrated. Growth economists, labor economists, innovation scholars, and governance researchers are all working on adjacent pieces of the same puzzle. This school assembles those pieces into a coherent research agenda you can orient yourself within, contribute to, and argue with.

You will not leave this school with a tidy set of settled answers. The honest truth is that transformative AI is generating open questions faster than the discipline can close them, and calibrated uncertainty is more valuable here than false confidence. What you will leave with is the theory cum praxis vocabulary, the methodological tools, and the critical habits to engage with this literature at the latest frontier — whether that means writing a dissertation chapter, designing a policy proposal, or simply refusing to accept a shallow analysis of the definitely most consequential economic transformation of your lifetime.

The work is demanding. The models are real. And frankly, that is rather the point. If you are ready to take the economics of transformative AI seriously, I am glad you are here.

— Val (Valdas) Samonis

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  • 6 modules, 28 lessons
  • AI-adaptive lessons tuned to your level
  • Quizzes & checkpoints to lock in progress
  • Your own AI learning coach
  • Learn on any device, at your pace
  • Full access for as long as you're subscribed