Course Schedule and Catalog

Long Title: APPLIED GENERAL EQUILIBRIUM MODELING

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Distribution Group: Distribution Group II

Credit Hours: 3

Prerequisite(s): ECON 370

Description: Economists and policy makers often use computable general equilibrium (CGE) models to analyze the economic effects of public policy reforms. This course examines theoretical aspects of general equilibrium modeling, constructs some basic CGE models, and shows how the models are used to analyze the efficiency, distributional, and transitional effects of various policy reforms. Federal tax reform in the U.S. is the primary policy application; other issues examined may include Social Security, environmental policy, and international trade. Preprequisite: ECON 370.