wir892 - Computational Economics (Veranstaltungsübersicht)

Department für WiRe (BWL und Wirtschaftspädagogik)		6 KP
Modulteile	Semesterveranstaltungen Sommersemester 2025	Prüfungsleistung
Vorlesung	2.12.282 - Computational Economics Prof. Dr. Christoph Böhringer Montag: 12:00 - 14:00, wöchentlich (ab 07.04.2025), Ort: V03 0-M017 Dienstag: 12:00 - 14:00, wöchentlich (ab 08.04.2025), Ort: A04 4-407 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. 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 partial 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 simulation 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.
Seminar	2.12.283 - Applied Economics using the programming language GAMS Prof. Dr. Christoph Böhringer Termine am Dienstag, 01.04.2025 - Freitag, 04.04.2025 10:00 - 17:00 Voluntary additional exercise (Freiwillige Zusatzübung) to wir892 Computational Economics This course is voluntary and supports students to learn fundamentals of the GAMS programming language that is used in the associated course "Computational Economics".
Hinweise zum Modul
Teilnahmevoraussetzungen None Kapazität/Teilnehmerzahl 14 Prüfungszeiten At the end of the lecture period Prüfungsleistung Modul Portfolio 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.