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General equilibrium? Registration Instructors Introductory CGE Advanced CGE | Course Content All the sessions include personal work in the computer lab. Week 1 | 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? 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. | Week 2 | What will you learn and implement? How to build the simplest core model. What is the Walras Law? What does closure mean? How to implement the first model in GAMS. How to calibrate the model. How to run a simulation. How to debug and validate the model. | Week 3 | 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. | Week 4 | What will you learn and implement? How to introduce the CES function and how to calibrate its parameters. How to implement the model in GAMS. How to introduce the LES function and how to calibrate its parameters. What is equivalent variation? What is compensating variation? How to implement the model in GAMS. | Week 5 | What will you learn and implement? How to introduce endogenous investment, and exogenous savings. How to implement the model in GAMS. How to introduce endogenous labor supply, savings, and exogenous unemployment. How to introduce the government (part I). How to implement the model in GAMS.
| Week 6 | 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 model imports and exports. How to implement the model in GAMS. |
| | Many thanks for the great course and time in Brussels. I really enjoyed it very much. It was my pleasure to know you and the entire EcoMod team. Your folks are remarkable. I will keep in touch and look foreword to future events. Best wishes to your all. |
Gianbang |
