Economic Modelling with GAMS

Economic Modelling with GAMS   Coordinator and Instructor: Prof. Dr. S. Bauer, University of Giessen Course Description: Economic Research is to a large extent based on models as a research laboratory. In this module we concentrate on a specific class of models, the so called Mathematical Programming Models. The module

Start

10. June 2014

End

16. June 2014

Address

University of Giessen, in the PC Pool at the Zeughaus, Senckenbergstr. 3, 35390 Giessen   View map

Economic Modelling with GAMS

 

Coordinator and Instructor:

Prof. Dr. S. Bauer, University of Giessen

Course Description:

Economic Research is to a large extent based on models as a research laboratory. In this module we concentrate on a specific class of models, the so called Mathematical Programming Models.

The module gives an introduction in “Economic Modelling with GAMS (General Algebraic Modelling System)”. The participants formulate economic problems in the GAMS format, solve the model and interpret the results in relation to an economic, environmental and policy context.  The participants are able to distinguish different type of models:

 

    • Positive and normative approaches
    • Farm – regional – sectoral – national breakdown
    • Static and dynamic modelling
    • Integration of bio-economic and environmental issues
    • Integration of farm-household interdependencies
    • Ex-post / ex-ante scenarios/analyses
    • Coupling of econometric and mathematical programming models (non – linear relationships)

 

Course Outline:

    1. Optimization Principle in Economics: Production Choice, Factor Use, Household
    2. Architecture and Syntax of GAMS
    3. Simple GAMS Models: PC Exercise
    4. Demonstration of an Existing Farm and an Agricultural Sector Model
    5. Positive Quadratic Programming
    6. Transportation and Regional Production Models
    7. A Household Enterprise Model
    8. Environmental Modelling (Example of a nutrition circle at farm level)
    9. Recursive and Simultaneous Dynamic Modelling
    10. Individual Examples of the Participants

 

Teaching Methods

Introductory lectures (30 %), PC demonstration (30%), own exercises with PC (40%)

 

Grading:

Solving a economic problem with the GAMS tools and interpretation (50%), written test (50%)

 

Duration and Dates:

5 days (one week) typically first week of April

 

Credit Points:

3

 

Requirements:

Good microeconomic knowledge, PC skills (Microsoft Office), basic econometrics

 

References: 

GAMS User Manual

Hazell, P. Norton, R., Mathematical Programming for Economic Analysis in Agriculture, Macmillan Publishing Company, London 1986

Bauer, S., Kasnakoglu, H.,  Non-Linear Programming Models for Sector and Policy Analysis: Experiences with the Tur­kish Agricultural Sector Model, in: Economic Model­ling 1990, pp. 275 – 290

Bauer, S., Agricultural Sector Models, Paper presented at the IIASA-Work­shop “Computer-aided Instruments for the Ela­boration of Strategic Solution for Complex Processes in Agri­culture”, Schwerin 1987

Bauer, S., Henrichsmeyer, W. (Hrsg.) Agricul­tural Sector Modelling, Kiel 1989, pp. 3 – 22.

Lecture Notes (will be distributed)

 

Software:

GAMS Packet will be provided (demonstration version can be downloaded  http://www.gams.com/download/ )

Microsoft Office

 

Language:

English

 

Organisation and Time;

The Course is held at the University of Giessen in the PC Pool at the Zeughaus (Senckenbergstr. 3, 35390 Giessen).

For further information please contact Prof. Bauer: Tel. +49 (0) 641 99 37310. Siegfried.Bauer@uni-giessen.de

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Phone

+49 (0) 641 99 37310

Email

robin.pass@rub.de