Financial CGE Modelling
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The Financial CGE Modelling course provides participants with a structured understanding of Computable General Equilibrium modelling and its application to financial, fiscal and economic policy analysis. The course focuses on how CGE models are used to assess the impact of policy changes, economic shocks, taxation, public spending, trade, investment, financial flows and sector-level changes across an economy.
Participants will explore the foundations of CGE modelling, including economic agents, markets, equilibrium conditions, behavioural equations, data structures and calibration. The course also introduces the financial dimensions of CGE models, including capital markets, savings, investment, government finance, external accounts and macroeconomic closure rules.
This course is designed for professionals who need to understand, interpret or support the development of CGE models for economic planning, financial analysis, public policy, investment strategy or institutional research.
Course Objectives
By the end of this course, participants will be able to:
- Understand the principles and structure of Computable General Equilibrium models.
- Explain how CGE models represent households, firms, government and external sectors.
- Interpret the role of prices, markets, income flows and equilibrium conditions.
- Understand the structure and purpose of Social Accounting Matrices.
- Analyse how financial variables are incorporated into CGE modelling.
- Assess the impact of fiscal, trade, investment and macroeconomic policy changes.
- Understand model calibration, closure rules and scenario design.
- Interpret CGE model outputs for decision-making and policy recommendations.
Who Should Attend?
This course is suitable for economists, financial analysts, policy analysts, public sector professionals, central bank staff, ministry officials, research analysts, investment professionals, consultants, development institution staff and professionals involved in economic planning, fiscal analysis, macroeconomic modelling or policy evaluation.
Course Outline
- Purpose and role of CGE modelling in economic and financial analysis
- Key concepts: equilibrium, agents, markets, prices and income flows
- Structure of a basic CGE model and its main components
- Difference between CGE models, econometric models and financial forecasting models
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