This advanced textbook provides a straightforward but comprehensive introduction to applied general equilibrium modeling. General equilibrium is the backbone of modern economic analysis, which is why generation after generation of economics students have been introduced to it. As an analytical...

Foreword -- 1 Introduction -- 2 An Overview of General Equilibrium Theory -- 3 A simple General Equilibrium Model -- 4 A General Equilibrium Model with a Government Sector -- 5 Further Extension of the Model: External Sector, Labor Market and Consumption Technology -- 6 Data Base and Model...

We develop a novel linear equilibrium model with an Armington flavor. We provide (1) proof of the solvability of the model and of the existence and non-negativity of the equilibrium solution and of the newly derived multiplier matrix; we also show (2) that the standard Leontief multiplier matrix...

The structure of demand plays a fundamental role in shaping economic equilibrium. In computable general equilibrium analysis, comparative statics allow us to simulate how policies or external adjustments impact the equilibrium state. The results of these simulations are significantly influenced...