Choose the location you want to see specific content and pricing for:

Introduction to Computable General Equilibrium Models

Introduction to Computable General Equilibrium Models

Introduction to Computable General Equilibrium Models

3rd Edition
Mary E. Burfisher , Purdue University, Indiana
January 2021
Available
Paperback
9781108748025

    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.

    • Step-by-step guidance in hands-on, applied CGE modelling
    • Provides a comprehensive and intuitive introduction to a technical subject
    • Introduces students to a general equilibrium perspective on national and global economics

    Reviews & endorsements

    ‘Mary Burfisher is a gifted teacher and superb writer. With this book, she further establishes herself as the pre-eminent guide for those seeking an introduction to CGE analysis. Starting with a model of bicycle supply and demand, the reader's horizons are quickly expanded into an operational framework for policy analysis within an economy-wide framework. This revised edition brings readers up to the cutting edge of global economic analysis.' Thomas Hertel, Purdue University and founder of GTAP

    ‘This 3rd edition of Mary E. Burfisher's book arrives at a moment when COVID-19 is highlighting that economic structure matters, that economies are complex linked systems both domestically and internationally, and that large shocks quickly propagate throughout the system. CGE models are essential tools for analyzing and understanding large economic shocks. This 3rd edition provides an accessible introduction to CGE models and the insights that they generate into many of the most important issues confronting the world today.' Channing Arndt, International Food Policy Research Institute

    See more reviews

    Product details

    January 2021
    Paperback
    9781108748025
    500 pages
    256 × 180 × 30 mm
    0.9kg
    Available

    Table of Contents

    • 1. Introduction to Computable General Equilibrium Models
    • 2. Elements of a Computable General Equilibrium Model
    • 3. The CGE Model Database
    • 4. Final Demand in a CGE Model
    • 5. Supply in a CGE Model
    • 6. Factors of Production in a CGE Model
    • 7. Trade in a CGE Model
    • 8. Taxes in a CGE Model
    • 9. Regulations in a CGE Model
    • 10. Conclusion: Frontiers in CGE Modeling.
      Author
    • Mary E. Burfisher

      Mary E. Burfisher is Senior Education Advisor at the Center for Global Trade Analysis at Purdue University and an adjunct professor at the University of Maryland Global Campus.

    Thank You

    You will receive email communication regarding the availability of this product