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
May / CGE GTAP- Crash Course (4 days)
June / Advanced CGE GTAP Workshop
2 seats left
July / CGE GTAP
Aug / CGE-GAMS
3 seats left
Sep / Advanced CGE-GTAP
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"
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 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.
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)
Module Two: Computable General Equilibrium (CGE) using GTAP/GEMPACK
"Full Training on the Theoretical Foundations of CGE Modeling, using GTAP-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 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 Two Plus: Advanced Computable General Equilibrium (CGE) using GTAP/GEMPACK
"Full Training on the Theoretical Foundations of CGE Modeling, using GTAP-GEMPACK"
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 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:
- Working with GTAP slack variables
- Target output change by violating zero profit condition
- Introducing new conditions to GTAP through code modifications (in GEMPACK)
- Introduce an exogenous tariff that targets a policy variable (e.g., real wages)
- Linking GTAP with econometrics (R ) with a focus on reading outputs of a GTAP model (GEMPACK) using package HARr(R)
- Setting up a dynamic GTAP
- Calibrate and run a dynamic GTAP model
- Linking GTAP with a GAMS model (Global Timber Model)
- Linking GTAP with a PE model (poverty analysis)
Meet The
Moderator
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 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 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
Follow our channel and see other sessions on
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).
