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.
General
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