Author : Mary E. Burfisher
Release : 2021-01-07
Genre : Business & Economics
Kind : eBook
Book Rating : 671/5 ( reviews)

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Book Synopsis Introduction to Computable General Equilibrium Models by : Mary E. Burfisher

Download or read book Introduction to Computable General Equilibrium Models written by Mary E. Burfisher. This book was released on 2021-01-07. Available in PDF, EPUB and Kindle. Book excerpt: 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.