ECC5730

Advanced applied general equilibrium theory

Professor Peter Dixon and Professor Brian Parmenter

6 points · Two 1.5-hour sessions per week · Second semester · Clayton · Prerequisite: ECC3650

Objectives Upon completion of this subject students will have an advanced understanding of all aspects of applied general equilibrium economics; be able to build and to use AGE-models in the preparation of their postgraduate research projects; be able to implement AGE-modelling techniques as professional economists.

Synopsis The subject is a sequel to ECO3650 (Applied general equilibrium economics). Students continue to develop essential AGE modelling skills in areas of theory, data, computing and application. Whereas the emphasis in ECO3650 is on comparative static analysis, this subject deals with dynamics, including the specification of capital accumulation and technological change. Forecasting applications of AGE models are emphasised.

Assessment Assignments: 20% · Examination (3 hours): 80%

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