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Other Papers on :Market System: Price, Demand and Supply

S/E/33. Construct a two-sector computable general equilibrium model that could be used to analyse the prices of the commodities and inputs.

(2004, 2000 words)

This essay looks at the general equilibrium model and how it is constructed, its usefulness (used to analyse International trade theory, to analyse the impact of government policies etc) and its and shortcomings. After constructing the model, endogenous factors and exogenous factors are altered to give a clear picture of the consequences of this to the model.



 
   
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