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Computable General Equilibrium Modelling
Brief Description
The short course in Computable General Equilibrium Modelling provides you with insights to decades of Computable General Equilibrium (CGE) modelling research in a unique training intervention built around the University of Pretorias own CGE model. These types of models have become an indispensable tool for policy makers and analysts to measure the economy-wide effects of various proposed policy changes and/or exogenous shocks.
 
The course covers specific topics of the theory and principles CGE modelling, as well as CGE database access and simulations to acquire the requisite skills to master the GEMPACK solution software for CGE modelling in your own workplace.
Learning Outcomes
After successfully completing this course, you will be able to
  • understand the general functioning and capabilities of CGE models
  • understand the structure of a CGE database and its various inter-linkages
  • run CGE simulations using the GEMPACK solution software, and
  • interpret and present CGE simulation results in a comprehensive manner.
Course Content
No formal preparation for the course is required. You are encouraged to visit the Centre of Policy Studies website at www.copsmodels.com and explore the wide range of CGE and GEMPACK content available. The course will be held in the Tukkiewerf Computer Lab on the University of Pretorias Hatfield Campus from 08:30 to 16:00 each day. It is strongly recommended that you bring your own Windows-based laptop (administrator rights will be required to install the GEMPACK software).
 
Day 1
  • Introduction to general equilibrium modelling
  • Overview of the basic tasks in CGE based analysis
  • Introduction to the GEMPACK suite of applications
  • Representation of CGE models in GEMPACK notation
  • First look at the UPGEM theory and data
Day 2
  • Main theoretical mechanisms in UPGEM
  • Data requirements for a typical single-country CGE model
  • Interrogating the UPGEM database Understanding CGE model closures
  • First GEMPACK computing exercise
Day 3 - 4
  • Practical modelling exercises
  • Focus on interpreting CGE modelling results
  • Discussion of advanced CGE modelling topics
  • Group simulations with UPGEM
Day 5
  • Presentation of group simulation reports
  • Feedback and closing
Entry Requirements
Previous experience in solving CGE models is not required. Prospective delegates should at least have some formal training or work experience related to economics. A Bachelors Degree, or higher, in Economics is recommended. Computer literacy and experience of using a Windows PC are essential. Most importantly, participants must have a strong desire to learn CGE modelling.
Course Number:
P002923
Catalogue and Category:
Financial Management and Taxation
Who Should attend:
This course is ideal for you if you are an economist or analyst interested in the economy-wide effects of proposed policy changes or exogenous shocks on their industry or the macro economy at large, and national and provincial government officials involved in policy design and analysis, industry-specific research organisations, economic research consultants and academics.
Delivery Mode:
Contact Sessions
Contact Days:
5
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