While the curriculum aligns with our in-person course, this online version allows participants to work at their own pace.

However, participants are expected to complete the course within 6 to 8 weeks from enrollment. This ensures flexibility while maintaining structure.

Introduction to GAMS and Core Modeling Concepts

• Overview of the GAMS environment and essential language elements
• Running models and using the GAMS-IDE
• Selecting and applying appropriate GAMS solvers
• Common functional forms in CGE modeling
• Deriving first-order conditions
• Implementing a partial equilibrium model in GAMS

Building and Running the Core CGE Model

• Constructing the simplest core CGE model
• Understanding Walras’ Law and homogeneity restrictions
• Model closure and the numeraire
• Implementing the model and running simulations in GAMS
• Debugging and validating model results
• Introducing multi-level production functions
• Incorporating input–output flows
• Calibrating Cobb–Douglas parameters and technical coefficients

CES and LES Functions and Model Extensions

• Introducing and calibrating the CES function
• Implementing CES functions in GAMS
• Introducing and calibrating the LES function
• Integrating household demand systems
• Adding savings and investment to the model
• Introducing and implementing the government sector

Open Economy Modeling

• Opening the economy to international trade
• Modeling imports and exports
• Implementing a full open-economy structure in GAMS
• Integrating external sector dynamics