Reviewers' OpinionsReviewers' OpinionsIn Introduction to Applied General Equilibrium Modeling (or GE Manual), DIA Inc. presents a progressive, modular approach to teaching general equilibrium modeling. It provides good coverage of the economic theory and offers models of varying degree of difficulty...
The documentation of the GE Manual provides good coverage of the theoretical and the philosophical issues associated with the construction of general equilibrium models. The manual's modular design permits the student to build on past achievements. The mathematics of model building are outlined and discussed explicitly in each module. Finally, as the student uses increasingly sophisticated models, GE Manual forces the student to address broader economic and technical issues such as the implications of closing leakages in a model. With each innovation, GE Manual forces the student to ponder the implications of the economic theory and its implementation.