Overlapping Generation General Equilibrium Modeling with GAMS
Assumed Background
This course is only accessible to the alumni of the Practical Course in Economic Modeling (in the EcoMod School or on the EcoMod on-line courses), or to those who have some experience in general equilibrium modeling and in GAMS.
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.
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.
Registration Fees
The fee for each course includes all course materials, lectures, morning and afternoon coffee breaks, lunch each day on campus, a first evening social reception, and a final celebratory dinner.
Registration Fee: US $4,700.00
Early Registration Fee: 30% discount
Academic Fee*: US $2,700.00
Early Academic Fee*: 30% discount
* To be eligible for academic rate, university identification is required.
Early registration is for payments completed by February 25, 2026.
Scholarships:
EcoMod offers a limited number of partial scholarships to candidates from developing countries and transition economies. To submit your application, please clickhttps://ecomodregistration.net/scholarship-application/ "> here. The deadline to apply for a scholarship is two months before the beginning of the course.