FIN 519

Credit: 4 hours.

Focuses on how to build and use analytical general equilibrium models to do research. Students will replicate and extend existing G.E. models with general production and demand functions that are differentiated to find closed-form solutions for the incidence of the tax, including changes in all factor prices, input quantities, outputs, prices, and welfare of each group. The primary examples are drawn from environmental tax policy, but the method is equally useful for analysis of non-tax policies and other economic problems.

Same as ECON 546. Prerequisite: Microeconomics and Econometrics at graduate level.