Introduction to Computable General Equilibrium Models

by Mary E. Burfisher

Computable general equilibrium (CGE) models are widely used by governmental organizations and academic institutions to analyze the economy-wide effects of events such as climate change, tax policies, and immigration. This book provides a practical, how-to guide to CGE models suitable for use at the undergraduate college level. Its introductory level distinguishes it from other available books and articles on CGE models. The book provides intuitive and graphical explanations of the economic theory that underlies a CGE model and includes many examples and hands-on modeling exercises. It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics, and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods, and for professionals interested in learning how to use CGE models.

Genres: Economics

368 pages, Paperback

First published February 21, 2011

Reviews

[Rob Moore · Rating 4 out of 5]

Fantastic book! Does a great job of letting the student inside the "black box" of computable general equilibrium models. Extremely accessible for those without a computing background, though a background in microeconomics certainly helps.

[Mardin · Rating 4 out of 5]

Useful to introduction and known abut computable general equilibrium model but cant fined apply model to trade liberalization and sustainability