Übung

General Equilibrium Models of Open Economies

Name im Diploma SupplementGeneral Equilibrium Models of Open Economies
Anbieter Lehrstuhl für VWL, insb. Internationale Wirtschaftsbeziehungen (http://www.iwb.wiwi.uni-due.de)
LehrpersonProf. Dr. Volker Clausen
SWS2Spracheenglisch
Turnusjedes zweite Wintersemestermaximale Hörerschaft16

empfohlenes Vorwissen

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 Master 2015>Wahlpflichtbereich >Modul "Specification and Simulation of General Equilibrium Models "1.-3. Fachsemester, Pflicht
  • Mathe Master 2013>Anwendungsfach "Wirtschaftswissenschaften" >Schwerpunkt "VWL-M I" >Modul "Specification and Simulation of General Equilibrium Models "1.4. Fachsemester, Pflicht
  • Mathe Master 2013>Anwendungsfach "Wirtschaftswissenschaften" >Schwerpunkt "VWL-M II" >Modul "Specification and Simulation of General Equilibrium Models "1.4. Fachsemester, Pflicht
  • VWL Master 2009-V2013>Wahlpflichtbereich I >Modul "Specification and Simulation of General Equilibrium Models "1.-3. Fachsemester, Pflicht
  • WiMathe Master 2013>VWL-M I >Modul "Specification and Simulation of General Equilibrium Models "1.-4. Fachsemester, Pflicht
  • WiMathe Master 2013>VWL-M II >Modul "Specification and Simulation of General Equilibrium Models "1.-4. Fachsemester, Pflicht
WIWI‑C0807 - Übung: General Equilibrium Models of Open Economies