Introduction to Computable General Equilibrium Models

Introduction to Computable General Equilibrium Models
ISBN-10
1108748023
ISBN-13
9781108748025
Series
Introduction to Computable General Equilibrium Models
Category
Business & Economics
Pages
500
Language
English
Published
2021-01-31
Publisher
Cambridge University Press
Author
Mary E. Burfisher

Description

Computable general equilibrium (CGE) models play an important role in supporting public-policy making on such issues as trade, climate change and taxation. This significantly revised volume, keeping pace with the next-generation standard CGE model, is the only undergraduate-level introduction of its kind. The volume utilizes a graphical approach to explain the economic theory underlying a CGE model, and provides results from simple, small-scale CGE models to illustrate the links between theory and model outcomes. Its eleven hands-on exercises introduce modelling techniques that are applied to real-world economic problems. Students learn how to integrate their separate fields of economic study into a comprehensive, general equilibrium perspective as they develop their skills as producers or consumers of CGE-based analysis.

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