Learning Outcomes:
Upon completion of this course, students should
- be able to formulate economic models mathematically and to implement them in GAMS;
- be able to formulate computable partial equilibrium models and
- to understand their data and parameter requirements,
- to formulate and run policy simulations;
- to interpret and critically scrutinize the simulation results, in particular, to explain the factors which drive these results, such as specific model mechanisms and parameters and
- to be able to distinguish what conclusions can and cannot be drawn from the model results;
- be able to critically assess the suitability of this model type for the analysis of various economic questions.