Applied Economic Modeling

Key Info

Basic Information

Studypath:
Master in Management, Business and Economics
Semester:
1
Course Type:
Lecture
Language:
English
Cycle:
Winter term
Scheduling:
Entire semester
Course Units:
4.0
Credits:
5.0
Compulsory Attendance:
No

Lecturer

  • Jun.-Prof. Dr. Jaewon Jung

The following details taken from the examination regulations MSWIWI/14, SMPO 0. als Gesamtfassung (2016) are for information purposes only and not legally binding. For legally binding information, please refer to the corresponding official examination regulations of the program Master in Management, Business and Economics.

Syllabus

(1) Social Accounting Matrix (SAM) and model calibration, (2) Simple closed economy models, (3) Open economy trade models, (4) Dynamic models, (5) Policy evaluations

Objectives

Applied general equilibrium, also referred to as Computable general equilibrium (CGE) has become an indispensable tool of modern quantiative policy analysis in all fields of economics. It is extremely stimulating, because it yiedls quantiative answers to important practivcal problems, but yet remaining firmly rooted in theory. Because of this, it is quite demanding, rquiring a host of aptitudes ranging from economic theory (macro, micro, trade, public finance, growth...) to numerical analysis and computer programming. This course aims at providing basic knowledge of applied general equilibrium using GAMS, the undisputed software for applied GE and used all over the world

Prerequisites

Formal: None
Content: Foundations in Microeconomics and Macroeconomics

Examination

Examination (100%, graded, 60min.)

Further Information

No information available in English at the moment.

Literature

No information available in English at the moment.