About this course
Teaches delegates to build, calibrate and run computable general equilibrium models for policy simulation. Topics include economic theory behind CGE models, construction and balancing of a social accounting matrix, model structure and closure rules, calibration and elasticities, and simulation of tax, trade, energy and public spending shocks. Delegates work with a standard model in GAMS.
Why this course
Tariff changes, tax reforms and large public investments affect sectors, households and government revenue in ways partial analysis cannot capture. CGE models let ministries and central banks test these economy-wide effects before decisions are made, giving policymakers a clearer picture of winners, losers and fiscal consequences.
What delegates will be able to do
By the end of the course, delegates will be able to
- Construct and balance a social accounting matrix from national accounts data
- Specify the production, consumption, trade and government blocks of a CGE model
- Calibrate a standard CGE model and choose appropriate closure rules
- Run tax, trade and spending policy simulations in GAMS
- Interpret simulation results and present them in a policy brief
Who should attend
Economists, modellers and policy analysts in ministries of finance, trade and planning, central banks and research institutes. Delegates need intermediate microeconomics and macroeconomics and some experience with data analysis software.
How it is delivered
Hands-on computer sessions in GAMS and Excel, building a social accounting matrix and running simulations step by step, supported by short facilitator-led theory sessions. It is available as a public course, in-house at your premises, or as live virtual sessions. Duration and dates are confirmed in your quote, and in-house groups can have the examples and exercises fitted to their organisation.