Stud.IP Uni Oldenburg
Universität Oldenburg
05.12.2021 21:25:31
wir892 - Computational Economics (Vollständige Modulbeschreibung)
Originalfassung Englisch PDF Download
Modulbezeichnung Computational Economics
Modulkürzel wir892
Kreditpunkte 6.0 KP
Workload 180 h
Einrichtungsverzeichnis Department für WiRe (BWL und Wirtschaftspädagogik)
Verwendbarkeit des Moduls
  • Master Applied Economics and Data Science (Master) > Empirical Methods
  • Master Sustainability Economics and Management (Master) > Ergänzungsmodule
Zuständige Personen
Böhringer, Christoph (Modulverantwortung)
Lehrenden, Die im Modul (Prüfungsberechtigt)
Teilnahmevoraussetzungen
None
Kompetenzziele
Computer-based simulations play a key role for quantifying the economic impacts of policy reforms. Among numerical simulation methods, computable partial equilibrium (CPE) models are widely used in applied economic analysis. These models build on microeconomic theory for describing supply and demand behavior of economic agents on markets. Students will learn how to program such models and apply them to the impact assessment of trade, fiscal, or environmental policies.
Modulinhalte
In the course, we start from basic microeconomic theory to describe the supply-side and demand-side responses on economic markets triggered by regulatory policy measures such as taxes or subsidies. We then translate simple theoretical models into computable partical equilibrium (CPE) models and use empirical data for model parametrization. Subsequently, the CPE models are used to quantify the economic efficiency impacts and the economic incidence of policy instruments such as taxes, subsidies, standards or quotas. For the implementation of the simulatoin models on the students’ PC we will learn a powerful state-of-the-art modeling language called GAMS (Generic Algebraic Modeling System) which initially had been developed for World Bank economists. The fundamental strength of GAMS lies in the ease with which algebraic models in economics and management (or other sciences) can be formulated and solved. Students enrolled to the course will receive a free GAMS license. For the examination, the students will be requested to adapt a basic market model towards a policy issue of their choice and provide a small written essay (max. 10 pages) on their applied analysis. For this, the students can team up in groups with 2 people and hand in their essay until the end of the summer semester.
Literaturempfehlungen
Tba
Links
Unterrichtssprache Englisch
Dauer in Semestern 1 Semester
Angebotsrhythmus Modul Annual
Aufnahmekapazität Modul 14
Modullevel / module level MM (Mastermodul / Master module)
Modulart / typ of module Pflicht o. Wahlpflicht / compulsory or optional
Lehr-/Lernform / Teaching/Learning method Lectures and exercises
Vorkenntnisse / Previous knowledge Microeconomics
Lehrveranstaltungsform Kommentar SWS Angebotsrhythmus Workload Präsenz
Vorlesung
2 SoSe oder WiSe 28
Seminar
2 SoSe oder WiSe 28
Präsenzzeit Modul insgesamt 56 h
Prüfung Prüfungszeiten Prüfungsform
Gesamtmodul
At the end of the lecture period
Portfolio