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Modelling the Impact of Macroeconomic Policies and Shocks

Organized in collaboration with the Centre for Petroleum, Energy Economics and Law University of Ibadan (CPEEL, see information below), the PEP Shool will be held in Ibadan (Nigeria, from July 9 th – 20 th, 2012  (see Delivery Mode below for detailed schedule).
This particular course will train participants in constructing (CGE) models of their national economy, and conducting simulations in order to forecast the impact of macroeconomic shocks and/or policies on an economy’s multiple agents, sectors and the various dimensions of poverty and welfare within the country.

CGE modeling techniques

PEP activities in terms of training and innovations in the field of economic modelling stand out among the Network’s most widely acknowledged contributions to the advancement of policy analysis in development economics. PEP resource persons are internationally known for developing a series of Computable General Equilibrium (CGE) reference models that allow more country-specific and extensive applications, especially in the context of developing country economies.

Course content and objectives

Participants will learn how to:

  • Build and use computable general equilibrium (CGE) models, from simple to more complex representations of national economies. Basic command of related techniques and tools will also be acquired (e.g. SAMs, GAMS software)
  • Conduct simulations of the occurrence of macroeconomic policies and/or shocks in the economy
  • Interpret the results, i.e. forecasted impacts and outcomes on the economy’s different sectors and agents

For more information, see Course content

Delivery Mode

DISTANCE TRAINING : May 21 – July 6th, 2012
Preliminary readings and exercises are provided to participants as an introduction. Throughout this period, PEP resource persons are available to provide technical support whenever needed.

TRAINING WORKSHOP : July 9 th – 20 th, 2012
The workshop will bring together participants and PEP resource persons at CPEEL’s location, in Ibadan (Nigeria), for an intensive 10-day training session involving the several components described here.
See the PEP-Laval CPEEL School flyer
For registration, see Application details

Teaching Resources

Bernard Decaluwé
(PEP Research Network Program Leader, Modeling and Poverty Impact Analysis, Université Laval)

Hélène Maisonnave
(PEP resource person, Modelling and Policy Impact Analysis, Université Laval)
André Martens
(Université de Montréal)
Véronique Robichaud
(PEP resource person, Modelling and Policy Impact Analysis)

Centre for Petroleum, Energy Economics and Law
University of Ibadan (CPEEL)

The Centre for Petroleum, Energy Economics and Law University of Ibadan (CPEEL)  is a unique capacity building initiative in the African region that leverages on its connection and collaboration with reputable global energy centres and institutions to deliver a rich menu of global competencies in training, staff development, research and advocacy in sustainable energy development. CPEEL is geared to providing a world class milieu in which advanced energy research, training and advocacy is undertaken anchored on combining the best of local, regional and global expertise in energy. CPEEL’s philosophy of bringing economists, lawyers, engineers and other stakeholders together in a unified academic environment is underscored by its holistic approach to energy matters that encompasses science, engineering, economics, finance and law.




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