Preliminary knowledgeAbstractThis tutorial provides students with programming experience while constructing and implementing the computable general equilibrium models. Qualification TargetsStudents - learn the programming language GAMS, the model language MCP and the meta-language MPSGE
- understand simple basic models and their extensions
- are able to implement the basic models independently both in MCP and MPSGE
- can modify the given models in order to capture other situations
- can interpret the results and link them to the relevant economic theory
Contents- Introduction to computable general equilibrium analysis
- Comparative static analysis of closed economy with two goods and two production factors
- Extensions of the basic model for closed economy with heterogeneous labor, heterogeneous households and endogenous labor supply
- Models of open economies: extension of the basic model for open economy with import tariffs and quotas as well as with international mobile capital
- General equilibrium models with imperfect competition on the goods markets
LiteratureMarkusen, J. R., The Markusen Examples, www.mpsge.org Participants- BWL EaF Master 2015>Wahlpflichtbereich >Modul "Specification and Simulation of General Equilibrium Models "1st-3rd Semester, Elective
- Mathe Master 2013>Anwendungsfach "Wirtschaftswissenschaften" >Schwerpunkt "VWL-M I" >Modul "Specification and Simulation of General Equilibrium Models "1.4st Semester, Elective
- Mathe Master 2013>Anwendungsfach "Wirtschaftswissenschaften" >Schwerpunkt "VWL-M II" >Modul "Specification and Simulation of General Equilibrium Models "1.4st Semester, Elective
- VWL Master 2009-V2013>Wahlpflichtbereich I >Modul "Specification and Simulation of General Equilibrium Models "1st-3rd Semester, Elective
- WiMathe Master 2013>VWL-M I >Modul "Specification and Simulation of General Equilibrium Models "1st-4th Semester, Elective
- WiMathe Master 2013>VWL-M II >Modul "Specification and Simulation of General Equilibrium Models "1st-4th Semester, Elective
| 