Introducing CGE Models to the Classroom Using Excel

39 Pages Posted: 16 Apr 2007

See all articles by Amy Peng

Amy Peng

Ryerson University, Faculty of Arts - Department of Economics

Date Written: April 9, 2007

Abstract

This paper demonstrates how simple general equilibrium models can be solved with the help of Microsoft Excel. Two different general equilibrium models for tax incidence analysis are used as illustrative examples. The methods presented here are intended to be beneficial to both students and teachers working with general equilibrium theory in the classroom and can easily be extended to various policy analysis term projects. The techniques presented here are simple and effective tools for inclusion in any student's toolkit.

Keywords: Excel, Solver, General Equilibrium, Optimization, Newton's Method

JEL Classification: A22, A23, C61, D58

Suggested Citation

Peng, Amy, Introducing CGE Models to the Classroom Using Excel (April 9, 2007). Available at SSRN: https://ssrn.com/abstract=980561 or http://dx.doi.org/10.2139/ssrn.980561

Amy Peng (Contact Author)

Ryerson University, Faculty of Arts - Department of Economics ( email )

Toronto M5B 2K3, Ontario
Canada

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