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Modul (6 Credits)

Specification and Simulation of General Equilibrium Models

Name im Diploma Supplement
Specification and Simulation of General Equilibrium Models
Verantwortlich
Voraus­setzungen
Siehe Prüfungsordnung.
Workload
180 Stunden studentischer Workload gesamt, davon:
  • Präsenzzeit: 45 Stunden
  • Vorbereitung, Nachbereitung: 90 Stunden
  • Prüfungsvorbereitung: 45 Stunden
Dauer
Das Modul erstreckt sich über 1 Semester.
Qualifikations­ziele

Students

  • 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
  • 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
Praxisrelevanz

The content of the course is useful in many scientific institutions, business consultancy, multinational firms, international organizations, economic research institutes and ministries. The theory-driven step-by-step specification of the models is a prerequisite for understanding economic research in this field and thus a basis for conducting independent research. 

Prüfungs­modalitäten

The module-related examination is performed by a written test (usually 60-90 minutes).

Verwendung in Studiengängen
  • BWL-EaF-Ma-2015Wahlpflichtbereich1.-3. FS, Pflicht
  • Mathe-Ma-2013Anwendungsfach "Wirtschaftswissenschaften"Schwerpunkt "VWL-M I"1.4. FS, Pflicht
  • Mathe-Ma-2013Anwendungsfach "Wirtschaftswissenschaften"Schwerpunkt "VWL-M II"1.4. FS, Pflicht
  • VWL-Ma-2009-V2013Wahlpflichtbereich I1.-3. FS, Pflicht
  • WiMathe-Ma-2013VWL-M I 1.-4. FS, Pflicht
  • WiMathe-Ma-2013VWL-M II1.-4. FS, Pflicht
Bestandteile
Name im Diploma Supplement
General Equilibrium Models of Open Economies
Anbieter
Lehrperson
SWS
2
Sprache
englisch
Turnus
jedes zweite Wintersemester
maximale Hörerschaft
16
empfohlenes Vorwissen

Advanced knowledge in the field of international trade

Abstract

The course provides deep knowledge of design and implementation of Computable General Equilibrium (CGE) models. 

Qualifikationsziele

Students

  • 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
Lehrinhalte
  • 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
Literaturangaben
  • 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
didaktisches Konzept

The 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“).

Hörerschaft
  • BWL-EaF-Ma-2015WahlpflichtbereichModul "Specification and Simulation of General Equilibrium Models "1.-3. FS, Pflicht
  • Mathe-Ma-2013Anwendungsfach "Wirtschaftswissenschaften"Schwerpunkt "VWL-M I"Modul "Specification and Simulation of General Equilibrium Models "1.4. FS, Pflicht
  • Mathe-Ma-2013Anwendungsfach "Wirtschaftswissenschaften"Schwerpunkt "VWL-M II"Modul "Specification and Simulation of General Equilibrium Models "1.4. FS, Pflicht
  • VWL-Ma-2009-V2013Wahlpflichtbereich IModul "Specification and Simulation of General Equilibrium Models "1.-3. FS, Pflicht
  • WiMathe-Ma-2013VWL-M I Modul "Specification and Simulation of General Equilibrium Models "1.-4. FS, Pflicht
  • WiMathe-Ma-2013VWL-M IIModul "Specification and Simulation of General Equilibrium Models "1.-4. FS, Pflicht
Vorlesung: General Equilibrium Models of Open Economies (WIWI‑C0806)
Name im Diploma Supplement
General Equilibrium Models of Open Economies
Anbieter
Lehrperson
SWS
2
Sprache
englisch
Turnus
jedes zweite Wintersemester
maximale Hörerschaft
16
Abstract

This tutorial provides students with programming experience while constructing and implementing the computable general equilibrium models. 

Qualifikationsziele

Students

  • 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
Lehrinhalte
  • 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
Literaturangaben

Markusen, J. R., The Markusen Examples, www.mpsge.org

Hörerschaft
  • BWL-EaF-Ma-2015WahlpflichtbereichModul "Specification and Simulation of General Equilibrium Models "1.-3. FS, Pflicht
  • Mathe-Ma-2013Anwendungsfach "Wirtschaftswissenschaften"Schwerpunkt "VWL-M I"Modul "Specification and Simulation of General Equilibrium Models "1.4. FS, Pflicht
  • Mathe-Ma-2013Anwendungsfach "Wirtschaftswissenschaften"Schwerpunkt "VWL-M II"Modul "Specification and Simulation of General Equilibrium Models "1.4. FS, Pflicht
  • VWL-Ma-2009-V2013Wahlpflichtbereich IModul "Specification and Simulation of General Equilibrium Models "1.-3. FS, Pflicht
  • WiMathe-Ma-2013VWL-M I Modul "Specification and Simulation of General Equilibrium Models "1.-4. FS, Pflicht
  • WiMathe-Ma-2013VWL-M IIModul "Specification and Simulation of General Equilibrium Models "1.-4. FS, Pflicht
Übung: General Equilibrium Models of Open Economies (WIWI‑C0807)
Modul: Specification and Simulation of General Equilibrium Models (WIWI‑M0661)