This is a course on the dynamic applied economic modeling which will introduce all the basic tools for constructing and implementing the applied general equilibrium models for policy analysis. The formal aim of the course is to cover Computable General Equilibrium (CGE) modeling with the use of GAMS software. By the end of the course, the participants will have the knowledge of the structure of open economy general equilibrium models, building the database for such models, building social accounting matrices, calibrating and formulating a CGE mode and, implementing the model on the computer using the GAMS software. The dynamic CGE has been widely used in applied modeling literature on a number of areas such as trade, environment, finance and intertemporal overlapping generations. Although the main purpose of the course is to teach applied modeling, basic theoretical features of modeling techniques will also be covered. The course will start with the basics of CGE, uch as Social Accounting Matrix (SAM) and theoretical structures. Those who would like to further their study of CGE modeling will have the basic features of trade, environmental, financial and intertemporal overlapping generations modeling structure. Students will be expected to understand the modeling frameworks to apply in their research studies, such as the PhD thesis

General Equilibrium Theory, partial equilibrium, general equilibrium, Edgeworth Box Diagram, Walras law, Pareto optimal, Production general equilibrium, production facilities curve, marginal conversion rate, the overall balance of distribution, Second Best Theorem, Computable general equilibrium model, strengths and weaknesses, calculate Social matrix, input-output tables, computable general equilibrium models designing, trade and tax of computable general equilibrium models Application of the policy