ECON3054 will be taught intensively as part of Summer School in January 2011. Information on the course including the timetable is available online from the Summer School website

All graduates of the ANU who practice as economists, even if they never become involved in modelling the Australian or world economies, will need to interpret the results from general equilibrium and related models. Such models as the Monash Model, the McKibbin "G-Cubed" Model, the GTAP Model, the Murphy Model and the ABARE GTEM Model are in constant use in branches of government and the private sector to analyse shocks to the economy, including prospective changes in government policies at home and abroad. The course introduces students to advanced analysis of the open economy and to the construction and use of the types of models that make that analysis possible.

Student who successfully complete this course will:
- investigate key issues and events in the modern international economy through the use of quantitative economy-wide models;
- learn how to use and interpret the equilibrium solutions to general equilibrium models such as, the Monash Model, the McKibbin "G-Cubed" Model, the GTAP Model, the Murphy Model and the ABARE GTEM Model;
- gain experience by constructing and working with small scale models to provide the ability to interpret the results in the larger global/country wide models used in policy related work;

Two lectures per week with tutorials.

ECON2101/2111 Microeconomics 2 (P or H)

There will be no text as such, though readings will be assigned for each topic. Three volumes drawn on frequently will be:

Dixon, P.B., B.R. Parmenter, A.A. Powell and P.J. Wilcoxen, Notes and Problems in Applied General Equilibrium Analysis, Amsterdam: North Holland 1992.

Dixon, P.B. and M.T. Rimmer, Dynamic General Equilibrium Modelling for Forecasting and Policy: A Practical Guide and Documentation of Monash, Amsterdam: North Holland, 2002.

Hertel, T.W. (1997), Global Trade Analysis Using the GTAP Model, Cambridge University Press, New York, 1997.

Please refer to Course Website