Vorlesung

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

• BWL EaF MasterWahlpflichtbereich 1.-3. FS, Wahlpflicht, Modul Specification and Simulation of General Equilibrium Models
• Mathe MasterAnwendungsfach "Wirtschaftswissenschaften"Schwerpunkt "VWL-M II" 1.4. FS, Wahlpflicht, Modul Specification and Simulation of General Equilibrium Models
• Mathe MasterAnwendungsfach "Wirtschaftswissenschaften"Schwerpunkt "VWL-M I" 1.4. FS, Wahlpflicht, Modul Specification and Simulation of General Equilibrium Models
• VWL MasterWahlpflichtbereich I 1.-3. FS, Wahlpflicht, Modul Specification and Simulation of General Equilibrium Models
• WiMathe MasterVWL-M I 1.-4. FS, Wahlpflicht, Modul Specification and Simulation of General Equilibrium Models
• WiMathe MasterVWL-M II 1.-4. FS, Wahlpflicht, Modul Specification and Simulation of General Equilibrium Models

empfohlenes Vorwissen

Advanced knowledge in the field of international trade

Abstract

The course provides deep knowledge of design and implementation of Computable General Equilibrium (CGE) models. 

Qualifikationsziele

Students

• have a deepened understanding of computable general equilibrium models
• master the basics of implementation of the general equilibrium models
• are able to adopt this methodology in their independent quantitative analyses
• can describe and interpret the results from general equilibrium models linking them to relevant theory

Lehrinhalte

• Introduction to computable general equilibrium analysis
• Comparative static analysis of a closed economy with two goods and two production factors
• Extensions of the basicmodel for a closed economy with heterogeneous labor, heterogeneous households and endogenous labor supply
• Models of open economies: extension of the basic model for an open economy with import tariffs and quotas and other trade policies
• General equilibrium models with imperfect competition on the goods markets

Literaturangaben

• Francois/Reinert, Applied Methods for Trade Policy Analysis;
• Jones, The Structure of Simple General Equilibrium Models;
• Shoven/Whalley, Applying General Equilibrium;
• Articles from economics literature

didaktisches Konzept

The class is held in the form of lectures. The construction and implementation of the abovementioned models is illustrated by using a special software (GAMS, „General Algebraic Modeling System“) as well as a special programming language for general equilibrium models (MPSGE, „Mathematical Programming System for General Equilibrium“).