Practical GE Modelling Course (Vienna)
The Centre of Policy Studies (CoPS) offers an intensive one-week course introducing participants to computable general equilibrium (CGE) modelling with GEMPACK software.
It will be hosted by the Austrian Institute of Economic Research (WIFO) in Vienna.
The course should appeal to people needing the following skills and knowledge:
- the ability to work with, or understand results from, a typical CGE model like ORANI-G
- the ability to use the theory of ORANI-G with GEMPACK for a model of a country other than Australia
- an understanding of current policy issues in the context of a formal economy-wide system.
Simulations: Brexit, Immigration, Climate change
Participants will have the opportunity to perform topical simulations which investigate the effect on the Austrian economy of Brexit, changes to immigration policy and the impact of climate change. Participants take away a comprehensive set of course materials including all simulations and the course software.
The course focuses on a typical single-region applied general equilibrium model: the ORANI-G model of the Australian economy. Variants of the ORANI model of the Australian economy have been used extensively for policy analysis in Australia for more than two decades. ORANI-G, a generic version of ORANI, has been used to model the economies of more than 30 countries around the world.
Taught by world-leading CGE modellers from the Centre of Policy Studies, the course will introduce you to the ideas and techniques of CGE modelling, and equip you to start using, adapting or constructing CGE models for your own simulations.
The course program consists of lectures integrated with a sequence of practical computer exercises using GEMPACK. This provides a strong emphasis on learning through analysis of stylised simulations including a rise in wages, an increase in government spending or a change in applied tariffs.
By the end of the course, participants will have acquired thorough knowledge of:
- the theory underlying CGE models
- the basic structure of a typical CGE model
- the representation of applied GE models in the notation used in GEMPACK
- the data requirements of a typical single-country CGE model
- checking that the equations and data of a model are implemented correctly on the computer
- formulating exogenous scenarios
- computing simulations for policy analysis and interpreting and reporting results.
Fees (in euro)
- course materials (including software)
- morning and afternoon teas
- 5 lunches.
The fee does not cover accommodation, breakfast or dinner.
- Full fee – €1200
- CEEC, 15% discount – €1020
- 2+ members, or from one institution, 20% discount – €960
- Full fee – €2400
- CEEC, 15% discount – €2040
- 2+ members, or from one institution, 20% discount – €1920
- Full fee – €3200
- CEEC, 15% discount – €2720
- 2+ members, or from one institution, 20% discount – €2560
- Full fee – €4500
- CEEC, 15% discount – €3825
- 2+ members, or from one institution, 20% discount – €3600
Austrian Institute of Economic Research (WIFO)
1030 Wien, Arsenal, Objekt 20