Introducing CGE Models to the Classroom Using EXCEL

Amy (Chen) Peng ()

No 13, Working Papers from Toronto Metropolitan University, Department of Economics

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 (search for similar items in EconPapers)
JEL-codes: A22 A23 C61 D58 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2009-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:rye:wpaper:wp013

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