wir760 - Computable General Equlibrium Analysis (Complete module description)

wir760 - Computable General Equlibrium Analysis (Complete module description)

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Module label Computable General Equlibrium Analysis
Modulkürzel wir760
Credit points 6.0 KP
Workload 180 h
Institute directory Department of Business Administration, Economics and Law (Economics)
Verwendbarkeit des Moduls
  • Master Applied Economics and Data Science (Master) > Economics
  • Master's Programme Sustainability Economics and Management (Master) > Supplementary Modules
Zuständige Personen
  • Böhringer, Christoph (module responsibility)
  • Lehrenden, Die im Modul (Prüfungsberechtigt)
  • Böhringer, Christoph (Module counselling)
Prerequisites
None
Skills to be acquired in this module
During the course work students will learn how to set up computable general equilibrium (CGE) models step-by-step using the GAMS software (General Algebraic Modeling System) and apply them to actual policy issues of broader interest.
Module contents
This course provides a practical guideline to CGE modeling. We start with the formulation of a simple stylized CGE model for open economies and lay out how such a model can be matched (calibrated) to empirical data. We will then discuss several refinements of our prototype model to investigate contemporary policy issues such as environmental tax reforms or trade restrictions (e.g. the implementation of import tariffs and quotas). The single country model will be subsequently extended towards a multi-region model framework which accommodates to investigate in appropriate detail the economic impacts of multilateral policy initiatives such as trade policy reforms or international climate agreements.
Literaturempfehlungen
Links
Language of instruction English
Duration (semesters) 1 Semester
Module frequency jährlich/annual
Module capacity 14
Type of module Wahlpflicht / Elective
Module level MM (Mastermodul / Master module)
Previous knowledge Intermediate microeconomics
Form of instruction Comment SWS Frequency Workload of compulsory attendance
Lecture 2 WiSe 28
Seminar 2 WiSe 28
Präsenzzeit Modul insgesamt 56 h
Examination Prüfungszeiten Type of examination
Final exam of module
end of semester
aus der Prüfungsordnung zu entnehmen -
to be taken from the examination regulations