IO and CGE Models - Economics Assignment Help

Assignment Task :

Your assignment will be assessed on the basis of the following criteria: 

• The report is structured appropriately to address the question; 

• The work demonstrates an ability to convey economic and/or technical terms in intuitive language, and show a real understanding of the topic; 

• The work demonstrates understanding and correct application of the modelling techniques discussed in class; 

• Marks will be awarded for the correct calculation of results and an intuitive explanation of the method used; 

• Students should also ensure that any diagrams and figures used in the analysis are clear, and support the points made in your report. 

Each student should undertake four activities: 

• Using the information provided, asses the system-wide impacts of both export shocks using IO analysis and CGE modelling. 

• Discuss the differences in the results obtained using these two techniques. 

• Assess the impact of the improved labour productivity. For this task, you need to identify the appropriate modelling technique and motivate your decision. 

• Discuss the importance of assumptions underlying each modelling approach, for the results of the analysis. Which parameter(s) is/are more likely to influence the results?

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