ECON 461
Computable General Equilibrium (CGE) Modeling
Spring 2014
Division II
Cross-listed
This is not the current course catalog
Class Details
The Computable General Equilibrium (CGE) model is an important tool for applied policy work. CGE models are the primary tool for many government organizations when evaluating policy alternatives and are also used extensively by various NGO’s when deciding aid and policy recommendations. The great advantage of these models is that they capture the general equilibrium feedback effects of policy proposals on various sectors of the economy. This is of great importance to applied work, as this allows the identification of the winners and losers from potential policies. The class will begin with a general overview of CGE models. This overview will be rigorous and mathematical. This course will use the free programming packages GAMS and MPSGE to implement various CGE models using real world data. While no previous computer experience is required, some familiarity with Excel is recommended. During the latter part of the course, students will create a CGE model for a country of their choice and conduct policy experiments using their model. Interested students could continue this project as a potential thesis topic.
The Class:
Format: lecture/discussion
Limit: 19
Expected: 19
Class#: 3330
Grading: yes pass/fail option, yes fifth course option
Limit: 19
Expected: 19
Class#: 3330
Grading: yes pass/fail option, yes fifth course option
Requirements/Evaluation:
evaluation will be based on problem sets, two midterms, final project and presentation
Prerequisites:
MATH 150 (formerly 105) and ECON 251
Enrollment Preferences:
Preference will be given to senior Economics majors and CDE fellows
Distributions:
Division II
Notes:
This course is cross-listed and the prefixes carry the following divisional credit:
ECON 461 Division II ECON 526 Division II
ECON 461 Division II ECON 526 Division II
Class Grid
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ECON 461 - 01 (S) LEC Comp Gnrl Equilibrium Modeling
ECON 461 - 01 (S) LEC Comp Gnrl Equilibrium ModelingDivision IIMichael M. RolleighTF 1:10 pm - 2:25 pm
CDE3330
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