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 > Home > Courses > Practical General Equilibrium Modeling > Content

Practical General Equilibrium Modeling Using GAMS

 

General equilibrium?

 

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Introductory CGE 

Content

Schedule

 

Course Content

Monday

Morning

 

 

What will you learn and implement?

What are the fundamental elements of GAMS?

How to read an external database with GAMS.

How to run a model using GAMS.

How to use GAMS-IDE.

Which GAMS solvers to use in modeling?

 

Afternoon

 

What will you learn and implement?

A refresher in mathematical optimization.

What are the common functional forms in AGE modeling?

How to derive the first-order conditions.

How to implement a partial equilibrium model in GAMS.

 

Tuesday

Morning

 

What will you learn and implement?

How to build the simplest core model.

What is the Walras Law?

What does closure mean?

 

Afternoon

 

What will you learn and implement?

How to implement the first model in GAMS as a non linear programming problem.

How to calibrate the model.

How to solve the model using CONOPT, MINOS, and PATHNLP,

How to debug and validate the model.

How to run a simulation.

 

Wednesday

Morning

 

What will you learn and implement?

What is a nested production function?

How to introduce IO flows.

How to calibrate the parameters of a Cobb-Douglas function and the technical coefficients.

How to implement the model in GAMS as a non linear programming problem.

How to solve the model using CONOPT, MINOS, and PATHNLP,

How to debug and validate the model.

How to run a simulation.

 

Afternoon

 

What will you learn and implement?

How to use calibrated share format of functional forms in CGE modeling.

How to implement the model in GAMS as a mixed complementarity problem,

How to solve the model using PATH,

How to debug and validate the model.

 

Thursday

Morning

 

What will you learn and implement?

How to introduce the CES function and how to calibrate its parameters.

How to introduce the LES function and how to calibrate its parameters.

How to solve the model using CONOPT, MINOS, PATHNLP and PATH.

 

Afternoon

 

What will you learn and implement?

What is equivalent variation?

What is compensating variation?

How to implement the model in GAMS.

 

Friday

Morning

 

What will you learn and implement?

How to introduce endogenous investment, and exogenous savings.

How to implement the model in GAMS.

 

Afternoon

 

What will you learn and implement?

How to introduce endogenous labor supply, savings, and exogenous unemployment.

How to introduce the government (part I).

How to implement the model in GAMS.

How to solve the model using CONOPT, MINOS, PATHNLP and PATH.

Saturday

Morning

 

What will you learn and implement?

How to introduce endogenous unemployment.

How to introduce the government (part II).

How to implement the model in GAMS.

How to solve the model using CONOPT, MINOS, PATHNLP and PATH.

 

Afternoon

 

What will you learn and implement?

How to model imports and exports.

How to implement the model in GAMS.

How to solve the model using CONOPT, MINOS, PATHNLP and PATH.

 

 

 

 

Next Course Dates

January 12-17, 2009

(Bangkok, Thailand)

July 14-19, 2008

(Brussels, Belgium)

July 21-26, 2008

(Brussels, Belgium)

March 23-28, 2009

(Washington DC, USA)

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Last modified: May 09, 2007

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