Introduction to Computable General Equilibrium Models
Mary E. Burfisher
Abstract
This chapter introduces students to computable general equilibrium (CGE) models, a class of economic model that describes an economy as a whole and the interactions among its parts. The basic structure of a CGE model and its database are described. We introduce a “standard” CGE model and provide a survey of CGE model applications.
Topics & Concepts
Computable general equilibriumMathematical economicsClass (philosophy)EconomicsComputer scienceMacroeconomicsArtificial intelligenceComputability, Logic, AI AlgorithmsEconomic theories and models