Veranstaltungen

Übung

General Equilibrium Models of Open Economies

Name im Diploma Supplement
General Equilibrium Models of Open Economies
Anbieter
Lehrstuhl für VWL, insb. Internationale Wirtschaftsbeziehungen
Lehrperson
Prof. Dr. Volker Clausen
SWS
2
Sprache
englisch
Turnus
jedes zweite Wintersemester
maximale Hörerschaft
unbeschränkt
Hörerschaft

Abstract

This tutorial provides students with programming experience while constructing and implementing the computable general equilibrium models. 

Qualifikationsziele

Students

  • learn the programming language GAMS, the model language MCP and the meta-language MPSGE
  • understand simple basic models and their extensions
  • are able to implement the basic models independently both in MCP and MPSGE
  • can modify the given models in order to capture other situations
  • can interpret the results and link them to the relevant economic theory

Lehrinhalte

  • Introduction to computable general equilibrium analysis
  • Comparative static analysis of closed economy with two goods and two production factors
  • Extensions of the basic model for closed economy with heterogeneous labor, heterogeneous households and endogenous labor supply
  • Models of open economies: extension of the basic model for open economy with import tariffs and quotas as well as with international mobile capital
  • General equilibrium models with imperfect competition on the goods markets

Literaturangaben

Markusen, J. R., The Markusen Examples, www.mpsge.org

Übung: General Equilibrium Models of Open Economies (WIWI‑C0807)