Course 11: Introduction to Input-Output and Applied General Equilibrium Models
This course addresses international economic (trade) relations in the framework of multi-country, multi-sector, general-equilibrium models. The course introduces the quantitative tools that underlie economic analysis in open economies and, in particular, economic analysis of trade. The emphasis of this course is twofold.
The first one focuses on the basics of input-output matrices and their extensions to multi-region input-output (MRIO) tables. This part will complemented by a discussion on recent applications of the MRIO framework to measure trade in value added and to construct environmental footprints. It will culminate into a discussion on how introducing different institutional accounts (household, firms, the government, savings/investment, rest of the Word) the input-output framework can be extended to create a social accounting matrix (SAM), which constitute the data basis for applied, or computable general equilibrium models (AGE/CGE), the subject of the second emphasis of this course.
In this block a general introduction to AGE/CGE models is given, followed by theoretical and hands-on sessions where we analyze the economic effects of several policy measures such as changes in national or international shocks in such models. We will work with the AGE model developed and maintained by the global trade analysis project (GTAP).
ECTS: 3
6 Jul 2026 -
10 Jul 2026
In the following programs: Graduate School of Economic Globalization and Integration, WTI Academy 2025/26
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