Course Schedule and Catalog

Long Title: ECONOMIC MODELING AND PUBLIC POLICY

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 3

Prerequisite(s): ECON 301 OR ECON 370

Description: Examnies the use of computable general equilibrium (CGE) models to analyze the economic effects of public policy reforms. Reviews 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.