It may be used in courses on economics principles, microeconomics, macroeconomics, public finance, environmental economics and international trade and finance, because it shows students the role of theory in a realistic model of an economy. The book is also suitable for courses on general equilibrium models and research methods and for professionals interested in learning how to use CGE models.
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Empirische Wirtschaftsforschung und Internationale Wirtschaftspolitik: General Equilibrium Theory
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ISBN 13: 9780521826457
Zoom Zoom. Availability Usually despatched within 2 weeks. With Free Saver Delivery. Facebook Twitter Pinterest Share. Description This advanced textbook provides a straightforward but comprehensive introduction to applied general equilibrium modeling. General equilibrium is the backbone of modern economic analysis, which is why generation after generation of economics students have been introduced to it.
As an analytical tool, general equilibrium can provide one of the most complete views of a given economy, as it incorporates all economic agents households, firms, government and the foreign sector in an integrated way that explicitly reveals the interplay of economic forces-supply and demand-and the balancing role of prices.
Applied general equilibrium goes one step further in modeling, since it entails the integration of microeconomic theory, data handling and computing. This integration is essential for successful empirical modeling, but also involves various abilities that are not found in standard books.
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This book fills the gap, providing advanced students with the required tools, from the construction of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies.