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Macroeconomics 3

Hours of instruction (per course) in hours:

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Course content:

Computable general equilibrium (CGE) is a technique that is widely used for simulating the effect of changes in trade and other policies on economies at the system level. This course will provide a practical and hands-on introduction to building and using basic CGE models for analyzing the economy-wide impacts of changes in policy. Through a sequence of carefully constructed and fully documented programs, the course will illustrate how CGE models are built, and how numerical simulations with them can be designed to analyze a wide array of economic problems. Modern computable general equilibrium (CGE) models are often seen as challenging in their complexity, but can be thought of as constructions of much simpler building blocks. By developing the building blocks in a consistent manner, and gradually putting them together in more complex and interesting ways, the course will make CGE accessible to anyone with a background in standard microeconomics/trade theory


John Gilbert, Professor, Department of Economics and Finance, Jon M. Huntsman School of Business, Utah State University

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