Applied Economic Policy Evaluation

Key Info

Basic Information

Studypath:
Master in Management, Business and Economics
Semester:
2
Course Type:
Lecture
Language:
English
Cycle:
Summer term
Scheduling:
Entire semester
Course Units:
4.0
Credits:
5.0
Compulsory Attendance:
No

Lecturer

  • Jun.-Prof. Dr. Jaewon Jung

Contact

  • Jun.-Prof. Dr. Jaewon Jung

The following details taken from the examination regulations MSWIWI/14, SMPO 1. Änderungsordnung (zum SS 2017) 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) Basic structure of CGE models,
(2) Tax reforms,
(3) Open economy trade models,
(4) Trade liberalization and economic integration,
(5) FDI and multinational enterprises,
(6) Overlapping generations (OLG) models,
(7) The real world applications

Objectives

To improve decisions making, policy makers need better information on each alternative´s efficiency and distributional effects, requiring taking into account the interdependence among all agents and markets. Especially, today´s close economic interdependence among countries (globalization) is one of the main challenges of policy makers. Over the past decades, applied general equilibrium (or computable general equilibrium; CGE) has become an indispensable tool of modern quantative policy analysis and been widely used in both academic and professional institutions all over the world. This course aims at providing basic concepts and necessary tools to construct applied general equilibrium models to conduct economic (in particular international trade) policy evaluation. The course consists of lectures and tutorials. In tutorial classes, students will learn the basic skills to develop applied Ge models and conduct simulations to evaluate particular policy issues using GAMS, the undisputed software for applied GE and used all over the world

Prerequisites

none

Examination

Examination (100%, graded, 60min.)

Further Information

No information available in English at the moment.

Literature

No information available in English at the moment.