Practical General Equilibrium Modeling with GAMS
The course will introduce all the basic tools for constructing and implementing large-scale applied general equilibrium models for policy analysis. By the end of the course the participants will have acquired detailed knowledge of and extensive hands-on experience in:
- the structure of open economy general equilibrium models,
- building the database for such models,
- building social accounting matrices,
- calibrating a CGE model,
- formulating a CGE model as a non linear programming problem,
- formulating a CGE model as a mixed complementarity problem,
- implementing the model on the computer using the GAMS software,
- using the solvers CONOPT, MINOS, PATH, and PATHNLP,
- modeling the labor market,
- formulating scenarios and running policy simulations,
- reporting and interpreting the results,
- linking GAMS and Excel for reading and reporting data
The course uses a practical and very intensive approach to model building. The participants will actually build the model EcoMod 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 versionof their own model using the GAMS codes of EcoMod.
The fee for the course is US$3,425. This includes course materials (including a free course license of GAMS for two months), lectures, computer labs, morning and afternoon coffee breaks, receptions.
University students and staff get a discount of 25 percent of the above mentioned amount. Please send (by email: email@example.com) a copy of your student or staff card.
Early registration discount:
A discount of $500 is offered on the regular fee, and $400 on the university fee for registrations and payments completed six weeks before the start of the course.
Institutional group rates are available for two or more persons attending during the same course period. Please inquire.
EcoMod offers a limited number of partial scholarships to candidates from developing countries and transition economies. To submit your application, please click here. The deadline to apply for a scholarship is two months before the beginning of the course.