wir892 - Computational Economics (Veranstaltungsübersicht)

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At the end of the lecture period

Term paper: numerical simulation analysis on an economic policy issue, including explanatory text (problem, methodology, data, model formulation, simulation results/interpretation of results, conclusions)

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.