Computable General Equilibrium Modelling
Economic Theory
Institute of Social Sciences
Second Cycle (Master's Degree)
| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Computable General Equilibrium Modelling | ITY110 | Elective | Master's degree | 1 | Spring | 6 |
Name of Lecturer(s)
Prof. Dr. Selçuk KOÇ
Prof. Dr. Ferhat PEHLİVANOĞLU
Learning Outcomes of the Course Unit
1) Introduction of Economic Units
2) Modeling the Behaviors of Economic Units with Mathematical Methods
3) Modeling of relations between economic units
4) Ability to read basic tables such as Supply and Use Tables, Input-Output Tables, Institutional sector reports for any economy and to generate information from these tables
5) Ability to formation Social Accounts matrix
7) Using and modeling optimization methods
8) Developing coding skills in various software languages
9) Interpretation of the results by making various simulations
Program Competencies-Learning Outcomes Relation
| Program Competencies | ||||
| 1 | 2 | 3 | ||
| Learning Outcomes | ||||
| 1 | High | High | High | |
| 2 | High | High | High | |
| 3 | High | High | High | |
| 4 | High | High | High | |
| 5 | High | High | High | |
| 7 | High | High | High | |
| 8 | High | High | High | |
| 9 | High | High | High | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Advanced Micro Economic Analysis, Calculus, Numerical Methods
Course Contents
Cobb Douglas Utility and Production Functions, CES Utility and Production Functions, Fixed Substitution and Transformation (CES, CET) Elasticity Functions, Structure of Social Accounts Matrix, Estimation of model parameters and exogenous variables by calibration method, Model solution algorithms
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Language of Instruction
Turkish
Work Placement(s)
Not Required