Course CGE3. CGE Modeling with GAMS: Simulations with the Standard Model
Course Program
Day 1
10.00-10.15: Welcoming Remarks
10.15-11.00: Macro Closure: Closed Economy
• Closure in Closed Economy: Investment and Savings
11.00-11.15: Coffee Break
11.15-12.00: Macro Closure: Open Economy
• Closure in Open Economy: Current Account Balance
• Other Closures
10.00-13.15: Lunch
13.15-14.00: Simulations with the Standard Model
• Multiple Runs
13.45-14.00: Coffee Break
14.00-14.45: Measuring Economic Welfare Changes
• Hicksian Equivalent Variation (EV)
• Applications
14.45-15.00: Coffee Break
15.00-15.30: Computation of Equivalent Variations
16.00-16.15: Coffee Break
16.15-16.45: Interactive Consulting
Day 2
10.00-10.15: Introduction and Review
10.15-11.00: Sensitivity Analysis
• Changes in Substitution Elasticities
• Applications
11.00-11.15: Coffee Break
11.15-12.00: Sensitivity Analysis
• Changes in Transformation Elasticities
• Applications
12.00-13.15: Lunch
13.15-14.00: Standard CGE: Large Country Model
• Applications
14.00-14.15: Coffee Break
14.15-15.00: Large Country Model: GAMS Code
• Applications
15.00-15.15: Coffee Break
15.15-16.00: Calibration
• Applications
16.00-16.15: Coffee Break
16.15-16.45: Interactive Consulting