Preliminary knowledgeAdvanced knowledge in the field of international trade AbstractThe course provides deep knowledge of design and implementation of Computable General Equilibrium (CGE) models. Qualification TargetsStudents - have a deepened understanding of computable general equilibrium models
- master the basics of implementation of the general equilibrium models
- are able to adopt this methodology in their independent quantitative analyses
- can describe and interpret the results from general equilibrium models linking them to relevant theory
Contents- Introduction to computable general equilibrium analysis
- Comparative static analysis of a closed economy with two goods and two production factors
- Extensions of the basicmodel for a closed economy with heterogeneous labor, heterogeneous households and endogenous labor supply
- Models of open economies: extension of the basic model for an open economy with import tariffs and quotas and other trade policies
- General equilibrium models with imperfect competition on the goods markets
Literature- Francois/Reinert, Applied Methods for Trade Policy Analysis;
- Jones, The Structure of Simple General Equilibrium Models;
- Shoven/Whalley, Applying General Equilibrium;
- Articles from economics literature
Teaching conceptThe class is held in the form of lectures. The construction and implementation of the abovementioned models is illustrated by using a special software (GAMS, „General Algebraic Modeling System“) as well as a special programming language for general equilibrium models (MPSGE, „Mathematical Programming System for General Equilibrium“). Participants- BWL-EaF-Ma-2015 > Wahlpflichtbereich > (1st-3rd Semester, Elective) Modul "Specification and Simulation of General Equilibrium Models "
- Mathe-Ma-2013 > Anwendungsfach "Wirtschaftswissenschaften" > Schwerpunkt "VWL-M II" > (1.4st Semester, Elective) Modul "Specification and Simulation of General Equilibrium Models "
- Mathe-Ma-2013 > Anwendungsfach "Wirtschaftswissenschaften" > Schwerpunkt "VWL-M I" > (1.4st Semester, Elective) Modul "Specification and Simulation of General Equilibrium Models "
- VWL-Ma-2009-V2013 > Wahlpflichtbereich I > (1st-3rd Semester, Elective) Modul "Specification and Simulation of General Equilibrium Models "
- WiMathe-Ma-2013 > VWL-M II > (1st-4th Semester, Elective) Modul "Specification and Simulation of General Equilibrium Models "
- WiMathe-Ma-2013 > VWL-M I > (1st-4th Semester, Elective) Modul "Specification and Simulation of General Equilibrium Models "
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