olg cge

Intensive course at the advanced level. This course is only accessible to those who have some experience in dynamic general equilibrium modeling with GAMS and to the EcoMod alumni.

OLG models are very useful in the analysis of a large number of important policy issues such as government tax and expenditure, social security reform, welfare state, aging, international trade, demographic issues, fertility, education, human capital, growth, migration, labor market, environmental issues, intergenerational equity, etc.

Course Objective

The course will introduce all the basic tools for constructing and implementing overlapping generations general equilibrium (OLG-GE) models with perfect foresight and finite lifetimes. By the end of the course the participants will have acquired detailed knowledge of and extensive hands-on experience in:

	modeling dynamic consumption behavior in OLG-GE models,
	modeling dynamic production behavior in OLG-GE models,
	modeling forward-looking expectations,
	modeling tax and social security systems,
	building the database for such models,
	introducing complicated population dynamics and population aging,
	implementing the model on the computer using the GAMS software,
	formulating scenarios and running policy simulations,
	reporting and interpreting the results.

Content and Methodology

The course uses a practical and very intensive approach to model building. The participants will actually build an overlapping generations general equilibrium model step-by-step with guidance from the instructors: from small to large scale and from simple to complex structure. The participants will acquire extensive practical hands-on experience in building a complex, large-scale model. This will allow them to easily implement the first version of their own model using the GAMS codes.

For details: Course Content.

Sample Daily Schedule

Fees

The fee for the course is 2,760 euros. This includes course materials (including a free course license of GAMS), lectures, computer labs, lunches, morning and afternoon coffee breaks, receptions. University students and staff get a discount of 25 percent of the above mentioned amount. Please include a photocopy of your student or staff card. You can pay by check, credit card (Visa, American Express, Diners Club, or MasterCard) or bank transfer.

Registration and Payment: For details please click here.

Contact for registrations and further information

For registration and any further information you may need please contact Ms Theresa Leary.

Next Course Dates

(Brussels, Belgium)

Europe

Americas

Karl

Contact us at office@ecomod.net