ECON 53
Computable General Equilibrium (CGE) Modeling: Construction and Analysis
Last Offered n/a
This course is not offered in the current catalog
Class Details
A common tool for applied policy work is the Computable General Equilibrium (CGE) model. These models are used extensively by various NGO’s when deciding aid and policy recommendations. Advanced undergraduates or masters students can attain a basic understanding of these models in a relatively short time frame. 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 in 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, followed by a detailed construction of a simple model for the US. During the latter part of the course, students will create a CGE model for a country of their choice (preferably their home country). This exercise will provide them with a basic model to examine the possible effects of various changes in national policy. Interested students could continue this project as a potential thesis topic.
The Class:
Format: wsp project
Limit: 20
Expected: 20
Class#: 0
Grading:
Limit: 20
Expected: 20
Class#: 0
Grading:
Requirements/Evaluation:
evaluation students will be evaluated using problem sets and a paper based on their country-specific model.
Extra Info:
meeting times daily afternoons
Prerequisites:
prerequisites Economics 251 or instructor consent
Enrollment Preferences:
course intended for CDE fellows, undergraduate enrollment limited and only with instructor permission
Class Grid
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ECON 53 - Computable General Equilibrium
ECON 53 Computable General EquilibriumNot offered
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