Macroeconomics General Equilibrium Training GEMs

General Equilibrium Macroeconomic Modeling (GEM) 

CGE GTAP/ CGE GAMS / DSGE

Join M&S Research Hub-certified 60-hour GEM live training. Led by world-top experts, this immersive program covers essential concepts and practical applications to master CGE and DSGE methodologies through hands-on training using common software tools like GTAP, GAMS, Dynare, and Octave. Trainees receive a certificate upon completion.

Start your Learning Journey Today!


Training Highlights

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Recommended by the GAMS Institute

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eco engineers
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Trusted by governments and world-led business organizatins

One and only live compact GEM training ever availabe

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Attended by hundreds each year from all over the world

About GEM Course

GEM training provides an immersive learning experience designed for economists, policymakers, and researchers eager to elevate their proficiency in economic modeling. Focused on two pivotal modules—Computable General Equilibrium (CGE) and Dynamic Stochastic General Equilibrium (DSGE)—this program offers a dynamic blend of theory and practical application.


Objectives

1

2

Integrate Models for Holistic Insights

Apply Insights to Real-world Scenarios

3

4

Master CGE Modeling

Navigate DSGE Dynamics

Training Modules

We Treat Your Mind

Register for the whole GEM program or pick one of the following 5 modules:


1- Intro. Computable General Equilibrium (CGE) in GTAP

Explore Module here

2- Linear, Non-Linear Programming and Intro. to GAMS

Explore Module here

4- Advanced CGE in GAMS and GTAP

Explore Module here

3- CGE in GMS

Explore Module here

5- Dynamic Stochastic General Equilibrium (DSGE)

Explore Module here

Training Structure & Content

Module 1: Intro. Computable General Equilibrium (CGE) using GTAP/GEMPACK


"Full course on the Theoretical and Practical Foundations of CGE Modeling, using GTAP-GEMPACK"


gempack

Duration: Approx. 17 Hours (Dates: Jan., May and Sep. 2024)

Training Mode:

Normal group (7-10 trainees) and small group (2-5 trainees)

Platform: online (Zoom)

Extra benefits:

  • Certified certificate after completing the training
  • 10% trainee discount on future bookings
  • Trainees become eligible to submit their papers at the MSR working paper series (SSRN and RePEc indexed).
  • Discount of up to 10% for groups of 2 and more.
  • Special training package for teams of banks/Governments/public institutes/Research centers



Training content is systematic and structured as follows:

1) CGE Model introduction

2) Production and Demand theories

3) GTAP model and database introduction

4) Modeling Nested Production functions in GEMPACK 

5) Elasticities: CES, Armington calibration 

6) Modeling Nested Demand functions and regional household

7) Practical CGE applications, aggregation, and simulations. 

8) SAM/I-O table construction 

Live Training


Snapshots

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Understanding the power of shock and how to design a shock in GTAP    

(14 Minutes)

Meet The 


Moderators

Badri Narayanan is the Indian ministry lead advisor and head of trade strategic economic dialogue, head of the 2047 Indian vision unit, Asso. Prof. and advisory board member of Boston College, USA.

Sherif M. Hassan is a consultant and lead economist at UN-Habitat, Academic division director at M&S Research Hub, Former research fellow at CNMS-Marburg and Leiden Universities, and Associate professor of applied econometrics at a number of world universities.

Module 2: Linear, Non-Linear Programming and Intro to GAMS


"Full course covers the fundamentals of optimization, linear programming, integer programming, nonlinear programming, and sensitivity analysis in GAMS"


gams

Duration: Approx. 10 Hours (Dates: April. 2024)

Training Mode:

Normal group (7-10 trainees) and small group (2-5 trainees)

Platform: online (Zoom)

Extra benefits:

  • Certified certificate after completing the training
  • 10% trainee discount on future bookings
  • Trainees become eligible to submit their papers at the MSR working paper series (SSRN and RePEc indexed).
  • Discount of up to 10% for groups of 2 and more.
  • Special training package for teams of banks/Governments/public institutes/Research centers



Training content is systematic and structured as follows:

Linear & Non-Linear Programming

Module 1: Introduction to Optimization
Module 2: Unconstrained Optimization
Module 3: Linear Programming (LP)
Module 4: Integer Programming (IP)
Module 5: Nonlinear Programming (NLP)
Module 6: Sensitivity Analysis

GAMS Practice
Module 1: Introduction to GAMS
Module 2: Problem Formulation and Mathematical Modeling
Module 3: Interpretation and Practical Application with GAMS Practice (Examples)
Module 4: Sensitivity Analysis in GAMS

Live Training


Snapshots

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Intro. Linear Programming / CGE Modeling

(8 Minutes)

Meet The 


Moderators

Vaibhav Kumar  is an experienced Research Associate at the US Department of Agriculture for Forest Products Laboratory, Statistics, Life Cycle Analysis, and Economics Research

Module 3: Computable General Equilibrium (CGE) using GAMS

"Full course on the Theoretical and Practical Foundations of CGE Modeling, using GAMS"


Recommended by GAMS institute, view the announcement here

Duration: Approx. 15 hours (Dates: Feb. and August 2024)

Training Mode: Normal group (7-10 trainees) and small group (2-5 trainees) 

Platform: online (Zoom)

Extra benefits:

  • Certified certificate after completing the training
  • 10% trainee discount on future bookings
  • Trainees become eligible to submit their papers at the MSR working paper series (SSRN and RePEc indexed).
  • Discount of up to 10% for groups of 2 and more.
  • Special training package for teams of banks/Governments/public institutes/Research centers

Training content is systematic and structured as follows:

1) Modeling a simple economy

2)Arrow-Debreu, Cobb-Douglas and other CGE-related functions

3) Modeling the government

4) Modeling the rest of the world

5) Introduction to Dynamic CGE models 

6) Modeling a simple dynamic model

7) Practical CGE applications using GAMS, aggregation, and simulations. 

Live Training


Snapshots

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Video 1: M&S Research Hub | CGE GAMS Live Training | Extending basic model by including the government

 (5 Minutes)

Video 2: M&S Research Hub | CGE GAMS Live Training | Closure setting and running simulations                                        (14 Minutes)

Meet The 


Moderator

Peter Griffin is the IMF and World Bank CGE Modeler/Macroeconomic consultant, and Fiscal Policy Expert at International Economics/Caucasus ltd. (Denmark).

Vaibhav Kumar  is an experienced Research Associate at the US Department of Agriculture for Forest Products Laboratory, Statistics, Life Cycle Analysis, and Economics Research

Maros Ivanic is GTAP Fellow and Senior Agricultural Economist with experience in the national government (U.S. Government) and international government (International Finance Corporation and International Bank for Reconstruction and Development, the World Bank Group)

Module 4: Advanced Computable General Equilibrium (CGE) using GTAP/GEMPACK, GAMS, and R


"Full course on the Theoretical and Practical Foundations of CGE Modeling, using GTAP-GEMPACK, GAMS and R"


gempack
gams

Duration: Approx. 12 Hours (Dates: March and Oct. 2024)

Training Mode: Normal group (7-10 trainees) and small group (2-5 trainees)

Platform: online (Zoom)

Prerequisites: Attending the intro-CGE GTAP training (Module 2) or already a firm user of CGE GTAP

Extra benefits:


  • Certified certificate after completing the training
  • 10% trainee discount on future bookings
  • Trainees become eligible to submit their papers at the MSR working paper series (SSRN and RePEc indexed).
  • Discount of up to 10% for groups of 2 and more.
  • Special training package for teams of banks/Governments/public institutes/Research centers

Training content is systematic and structured as follows:

  1. Working with GTAP slack variables
  2. Target output change by violating zero profit condition
  3. Introducing new conditions to GTAP through code modifications (in GEMPACK)
  4. Introduce an exogenous tariff that targets a policy variable (e.g., real wages)
  5. Linking GTAP with econometrics (R ) with a focus on reading outputs of a GTAP model (GEMPACK) using package HARr(R)
  6. Setting up a dynamic GTAP
  7. Calibrate and run a dynamic GTAP model
  8. Linking GTAP with a GAMS model (Global Timber Model)
  9. Linking GTAP with a PE model (poverty analysis)

Live Training


Snapshots

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Meet The 


Moderator

Working with FlexAgg for GTAP database aggregation                                    (6 Minutes)

Intro. Dynamic GTAP Model

(8 Minutes)

Meet The 


Moderators

Maros Ivanic is GTAP Fellow and Senior Agricultural Economist with experience in the national government (U.S. Government) and international government (International Finance Corporation and International Bank for Reconstruction and Development, the World Bank Group)

Module 5: Dynamic Stochastic General Equilibrium (DSGE)


"Full course on the Theoretical Foundations of DSGE Modeling, Including Practical Labs Using Dynare and Octave"


octave
dynare

Training Mode:

-Normal group (7-10 trainees) or,

-Small group (2-5 trainees) or,

-One-to-one (Private)

Platform: Live/online (Zoom)

Duration: 2 Hours (Dates: March, June and October 2024)

Extra benefits:

  • Certified certificate after completing the training
  • 10% trainee discount on future bookings
  • Trainees become eligible to submit their papers at the MSR working paper series (SSRN and RePEc indexed).
  • Discount of up to 10% for groups of 2 and more.
  • Special training package for teams of banks/Governments/public institutes/Research centers

Training content is systematic and structured as follows:

1) Introduction to DSGE Models and Dynare
2) New Keynesian Models, Euler equation and New Philipps Curve
3) Small Open Economy Models
4) Extensions to New Keynesian Models and Habit formation
5) Kalman Filter and Estimation Methods

6) Bayesian Methods and Markov Chain Monto Carlo6-
7) Examples of Practical Application of DSGE Models and group research paper.

Meet The 


Moderators

Aris Zoleta holds a Ph.D. in economics from De La Salle University. His research interests are monetary policy, fiscal policy, financial markets, and asset pricing. He works as Junior Associate at XBS Solution. Before joining XBS, he worked as a fund accountant and financial analyst for three years at JP Morgan’s Corporate and Investment Banking in Manila.

William Asiedu is Economic Researcher and Program Officer with the National Graduate Institute for Policy Studies (GRIPS’) Social Accelerator Program in Tokyo, Japan. William is also a Data Analysis consultant at the Center for Data Science (GRIPS).

Live Training


Snapshots

Follow our channel and see other sessions on  

Video 1: M&S Research Hub | DSGE Live Training | Modeling COVID 19 Using Dynamic Equations

 (23 Minutes)

Video 2: DSGE live Training - Session 1: Introduction and dynamic optimization with Lagrangians                                 (20 Minutes)

Why do people choose MS Research Hub's Training Programs?


ergio ricardo

Sergio Ricardo

Ministry of Finance, Brazil

I am very happy to be enrolled in CGE and DSGE courses

mazen diwani

Mazen Diwani

University of Nottingham, Ningbo, China

Click to watch a trainee's insightful review of his transformative learning experience 

ryan jacildo
valeria escliar
felix nakhoma

Ryan Jacildo

Asian Development Bank, Phillipines

very much appreciate the sessions

Valeria Escliar

Economic Unit, Saudi Arabian Gov.

the instructor was superb and the course stroke the right balance between theory and practice.

Felix Nakhoma

PhD Candidate, Leeds University UK

I generally enjoyed the course, and I was able to learn a lot of things, being new to most of the issues that were presented. While all modules were helpful, my interest was mainly of CGE models in GAMS and DSGE. Generally, the module leaders displayed expertise in the subject, were approachable and more willing to help. 

fernando
samer barakat

Fernando

Graduate Student Aberdeen, UK

I am really happy about your service, specially teaching, explanation and providing materials are excellent. I would like to highly recommending to others regarding your institute.


Samer Barakat

Analyst and Researcher, UAE

Dr. William is experienced in DSGE models and was very responsive and helpful in anything that was beyond the main models that were taught as part of this course. I liked his pace and the level of detail could get to for such a short course.


Training Calendar

2024

Jan-March /Full GEM Training Program (4 Modules) (CGE GTAP, DSGE, CGE GAMS and Advanced CGE modeling)                                   

Jan.  / Intro. CGE GTAP                                          

Feb.  / CGE in GAMS                                           

Mar. / Advanced CGE modeling               

 Mar. / DSGE        

May  / Intro CGE GTAP

          

June  / DSGE

          

Aug  / CGE-GAMS                              

Sep  / Intro CGE-GTAP         

 Oct / Advanced CGE modeling               

 Oct / DSGE         

3 seats left

2 seats left

 Dec / Full GEM Training Program (4 Modules) (CGE GTAP, DSGE, CGE GAMS and Advanced CGE modeling)   

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