Course benefit

• The structure of open economy general equilibrium models,
• Understanding the database for such models,
• Understanding social accounting matrices (SAM),
• Calibrating a CGE model,
• Formulating a CGE model as a nonlinear programming problem,
• Formulating a CGE model as a mixed complementarity problem,
• Implementing the model on the computer using the GAMS software,
• Modeling the labor market,
• Formulating scenarios and running policy simulations,
• Reporting and interpreting the results