ECON-4868 (3) Simulation Modeling in Microeconomics

Computer simulation modeling translates theory into computer code to examine questions numerically; for example, the effects of taxes or emissions permits on welfare and income distribution. We use GAMS (general algebraic modeling system); a version may be downloaded for free. Students must have access to a computer (not needed in the classroom). Requisites: Requires prerequisite course of ECON 3070 (minimum grade C-).