General Equilibrium Training

General Equilibrium Models (GEMs) 

General equilibrium theory is useful for understanding economic interactions and changes in the context of static and dynamic complex modern economies. Applied GEMs are widely used in the field of Macroeconomics to address a wide range of theoretical research questions, analyze, forecast, and simulate policy issues in response to exogenous shocks.


M&S Research Hub organizes full and comprehensive online/onsite 45 hours of structured training for researchers, data analysts, and policy experts to acquire detailed knowledge and become fully capable of using the methodologies, Computable General Equilibrium (CGE) and Dynamic Stochastic General Equilibrium (DSGE) in their research and policy-related analysis.


Learning by "Researching" TM


Training Calendar_Online

2023

Jan  / CGE GAMS                                               

Mar  / DSGE                                              

2 seats left

May  / CGE GTAP- Crash Course (2 days)   

          

June  / Advanced CGE GTAP Workshop


          

July  / CGE GTAP

          

Aug  / CGE-GAMS                              

4 seats left

Sep  / Advanced CGE-GTAP New               

 Oct / DSGE- Small focus Group                

Dec /Full GEM (CGE GTAP, DSGE and CGE GAMS)                                   

Training Calendar_Onground

5 Days Condensed CGE and DSGE training 

Nov. 2022

Dubai, UAE


4 Days Condensed CGE and DSGE training 

Feb. 2023

Berlin, Germany


Meet Our Graduates

EXPERIENCED TRAINERS

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

S. G.

Secreteriat Ministry of Finance, Brazil


COMPLETE GUIDE TO DATA ANALYTICS

Both courses contents are very interesting, updated and rich of basics which lack most of the practitioners. Moreover, trainers are comprehensive and have deep knowledge about content.



Sam. O

Ministry of Finance, Algeria

FULLY-FLEDGED TRAINING

Very much appreciate the sessions

Ryan

Asian Development Bank, Philippines

Excellent GEM Modeling 

 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.


Fernando

Graduate Student, University of Aberdeen, UK

Module One: Dynamic Stochastic General Equilibrium (DSGE)


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


matlab
matlab

Duration: Approx. 25 Hours

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

Platform: online (Zoom)

Extra benefits:

  • Certified certificate and 10% permanent discount on all events, workshops, and webinars.
  • Trainees become eligible to submit their papers at 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.

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)

Meet The 


Moderator

Nitul Desphande is a postgraduate of Melbourne University (Best in Australia) with a specialty in econometrics and economic modeling. More than 4 years of experience in teaching and working with DSGE models. Statistician and economist at Hobsons Bay City Council. 

Module Two: Computable General Equilibrium (CGE) using GTAP/GEMPACK


"Full Training on the Theoretical Foundations of CGE Modeling, using GTAP-GEMPACK"


gempack

Duration: Approx. 20 Hours

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

Platform: online (Zoom)

Extra benefits:

  • Certified certificate and 10% permanent discount on all events, workshops, and webinars.
  • Trainees become eligible to submit their papers at 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 - Bonus Module

Live Training


Snapshots

Follow our channel and see other sessions on  

Part of the theoretical introduction to open economy and dynamic CGE using GAMS     

(4 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 Two Plus: Advanced Computable General Equilibrium (CGE) using GTAP/GEMPACK


"Full Training on the Theoretical Foundations of CGE Modeling, using GTAP-GEMPACK"


gempack
gams

Duration: Approx. 12 Hours

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 and 10% permanent discount on all events, workshops, and webinars.
  • Trainees become eligible to submit their papers at 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  Governments/Banks/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)

Meet The 


Moderator

Maros Ivanic is an Agricultural Economist with the Market and Trade Economics Division at the US Department of Agriculture’s Economic Research Service (ERS). He worked at the International Finance Corporation and the International Bank for Reconstruction and Development, both members of the World Bank Group. He holds Ph.D. in Agricultural Economics from Purdue University.

Module Three: Computable General Equilibrium (CGE) using GAMS

"Full Training on the Theoretical Foundations of CGE Modeling, using GAMS"


Recommended training program by GAMS institute, view the announcement here

Duration: Approx. 15 Hours

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

Platform: online (Zoom)

Extra benefits:

  • Certified certificate and 10% permanent discount on all events, workshops, and webinars.
  • Trainees become eligible to submit their papers at 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  Governments/Banks/Public Institutes/ Research centers.  
gams

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. 

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).