Kursussøgning, efter- og videreuddannelse – Københavns Universitet

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Kursussøgning, efter- og videreuddannelse

Applied General Equilibrium Analysis

Practical information
Study year 2016/2017
Time
Block 1
Programme level Full Degree Master
ECTS 7,5 ECTS
Course responsible
  • Bjarne Hartz Madsen (3-667165446d6a7673326f7932686f)
Ekstern lektor, venligst benyt mail: bma@crt.dk
  • Department of Food and Resource Economics
Course number: NIFK14018U

Course content

This course will introduce students to general equilibrium modeling. Computable general equilibrium models (CGE) are widely used around the world within academia, consulting, international and national institutions and NGOs. CGE models are used to study the allocational and distributional effects of economic policies and the economic implications of economic shocks. Such models simulate a market economy in which prices or quantities adjust to clear markets. From a mathematical viewpoint CGE models consist of a system of nonlinear simultaneous equations that represent the constrained optimizing behavior of economic actors.

 

The course aims at providing the student basic knowledge of and ability to use computable general equilibrium models.  Through a mix of lectures and exercises within the fields of general modeling and themes within agricultural, environmental and development economics the course will develop the student's skills to conduct own empirical analysis.

 

Learning outcome

The course aims at imparting to the students a thorough understanding of CGE modeling, how these model are use in policy and the ability to undertake own model simulation. After completing the course it is expected that the student is able to:

Knowledge:
- Reflect about strength and weaknesses’ of the AGE method

- Reflect about the theory behind most AGE models

- Reflect about the importance of the data used in AGE models

Skills:
- Formulate and run scenarios using a CGE model.

- Interpret model result.

Competencies:
- Understand the basic step in using CGE model.

- Understand model results and its dependence of theory and data used.

- Undertake a critical view on existing CGE work.

 

Recommended prerequisites

competences corresponding to

- Basic microeconomics: Production Economics and consumer behavior
- An understanding of key national accounts concepts
- Calculus

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Education

MSc Programme in Agricultural Economics
MSc Programme in Environmental and Natural Resource Economics

Studyboard

Study Board of Natural Resources and Environment

Course type

Single subject courses (day)

Duration

1 block

Schedulegroup

C
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Teaching and learning methods

A mix of lectures and exercises

Capacity

20

Language

English

Literature

Will be announced at the beginning of the course on Absalon

Workload

Category Hours
Lectures 42
Exercises 42
Project work 52
Preparation 70
English 206

Exam

Type of assessment

Oral examination, 20 minutes
The oral exam is based on the written report from the students own selected project. The project work can be done in groups but the oral exam is individual.

Oral examination, 20 minutes

Aid

Written aids allowed

Marking scale

7-point grading scale

Criteria for exam assessment

See the Learning Outcomes

Censorship form

No external censorship
More than one internal examiner

Re-exam

Oral exam based on the written report from the students own selected project.

If the student has not passed the exam registration requirement of successful completion of the written project, then the project must be handed in two weeks prior to the deadline of registration for the re-exam. It must be approved before the exam.

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