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About
What is PPE?
Message from Programme Director
Programme Information
News & Events
Team
Admission
Year 1 Entry
Senior Entry
Curriculum
Structure
Courses
Student Life
Graduate Pathway
Further Studies
Employment Pathway
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Home
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Interdisciplinary Electives
/ ECO3003 Introduction to Applied Economic Modelling
Introduction to applied economic modelling
3
Nature of computable general equilibrium model
What is a real model
Computable general equilibrium model structure, database
Components of a computable general equilibrium model
3
Computable general equilibrium model components
Computable general equilibrium model closure, calibration
GEMPACK program and linearization of equations
A look at Social Accounting Matrix
3
Nature of social accounting matrix
Microeconomic data in a social accounting matrix
Macroeconomic data in a social accounting matrix
GTAP database
2
Introduction to GTAP database
Components of GTAP database
Hands-on training on computable general equilibrium model
3
Set up GTAP model and database
Database aggregation by GTAPAgg
Hands-on Computing with RunGTAP
Demand in GTAP model
2
Demand and Armington function
Utility functions and its variants
Trade in GTAP model
3
Isocost and isoquant
Import demand
Export demand
Supply in GTAP model
3
Input-Output analysis
Technology tree and nested production function
Intermediate input demand
Production in GTAP model
2
Intermediate goods
Value-added production function
Factors of production in GTAP model
3
Factor mobility
Factor endowment
Complement and substitute
Factors related issues in GTAP model
3
Productivity
Unemployment
Factors and structural change
Design of experiment
3
Simulation method and design
Calculating shock
Closure selection
Interpreting model output
3
Consumer Welfare
Real consumption, equivalent variation
Applied economic modelling on real-world issue
Policy analysis using the GTAP model
3
Formulating scenarios for policy analysis
Data collection and calibration
Analyzing and comparing different policies
ECO3003 Introduction to Applied Economic Modelling
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