Computable general equilibrium (CGE) models play an important role in supporting public-policy making on such issues as trade, climate change and taxation. This significantly revised volume, keeping pace with the next-generation standard CGE model, is the only undergraduate-level introduction of its kind. The volume utilizes a graphical approach to explain the economic theory underlying a CGE model, and provides results from simple, small-scale CGE models to illustrate the links between theory and model outcomes. Its eleven hands-on exercises introduce modelling techniques that are applied to real-world economic problems. Students learn how to integrate their separate fields of economic study into a comprehensive, general equilibrium perspective as they develop their skills as producers or consumers of CGE-based analysis.
- | Author: Mary E. Burfisher
- | Publisher: Cambridge University Press
- | Publication Date: January 07, 2021
- | Number of Pages: 500 pages
- | Language: English
- | Binding: Paperback
- | ISBN-10: 1108748023
- | ISBN-13: 9781108748025
