Guide to the subsystem of the General Algebraic Modelling System (GAMS) that can be used to build and solve general equilibrium models. Sections (with gemoetric and algebraic explanation of the model followed by worked examples in GAMS/MPSGE) on: Introduction to Demand Theory; Constant Elasticity of Substitution functions; General Equilibrium with Phblicv Goods; Comparing the Performance of Flexible Functional Forms; Competitive General Equilibrium and Economic History; and a 'small library' of other microeconomic examples.
Software in Advanced Macroeconomics
Thomas F Rutherford, University of Colorado; Kevin O'Rourke, University College, Dublin
Licence: Not known: assume All Rights Reserved
David Wheat, University of Bergen
MacroLab is an interactive computer model of the U.S. economy. It allows you to makes some assumptions about the economy, and then lets you see the implications of your assumptions. For example, you might wonder what would happen to the unemployment rate if consumers suddenly started saving more of their income (and spent less). MacroLab also contains historical data, and you will be able to track the performance of the U.S. economy over recent decades. MacrobLab is produced by David Wheat, Associate Professor of System Dynamics at the University of Bergen, Norway. The website contains further details on downloading, installing and using the MacroLab software.