Universität Wien
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040991 UK Methods in Agricultural Economics (2012S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 30 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Friday 09.03. 09:00 - 12:00 (Computerraum Hohenstaufengasse 9 1.Stock)
  • Friday 16.03. 09:00 - 12:00 (Computerraum Hohenstaufengasse 9 1.Stock)
  • Friday 23.03. 09:00 - 12:00 (Computerraum Hohenstaufengasse 9 1.Stock)
  • Friday 30.03. 09:00 - 12:00 (Computerraum Hohenstaufengasse 9 1.Stock)
  • Friday 20.04. 09:00 - 12:00 (Computerraum Hohenstaufengasse 9 1.Stock)
  • Friday 27.04. 09:00 - 12:00 (Computerraum Hohenstaufengasse 9 1.Stock)
  • Friday 04.05. 09:00 - 12:00 (Computerraum Hohenstaufengasse 9 1.Stock)

Information

Aims, contents and method of the course

- To learn Mathematical Programming Problem Formulations in the context of Agricultural Economics (LP, MILP, Sequencing, Risk Programming, Storage, Trade, etc.).
- To learn how to use GAMS (General Algebraic Modeling Systems).
- To learn good model building in GAMS.
- To build and analyze farm, regional, and partial equilibrium programming models, etc.
- To interpret, synthesize, and report model results.

The course captures:
1. Introduction to Linear Programming and GAMS (http://www.gams.com/)
- LP formulation and interpretation
- Sets and Conditions in GAMS (data management and modelling building)
2. Impact Analysis
- Farm Level Analysis including Risk Analysis
- Regional Analysis including Trade
- Sector (partial equilibrium) Analysis including Economic Welfare Analysis
- Comparative Static Analysis including policy scenario analysis
3. Fixing Unbounded and Infeasible Models using GAMSCHK
4. Reporting Model Result

Assessment and permitted materials

Minimum requirements and assessment criteria

Examination topics

Reading list

McCarl B.A., and T.H. Spreen (1999). Applied Mathematical Programming using Algebraic Systems. Online available: http://agecon2.tamu.edu/people/faculty/mccarl-bruce/books.htm
Chiang, A.C. (1984). Fundamental Methods of Mathematical Economics. McGraw-Hill Inc. 3rd Edition. New York. USA.
Simon C.P, and L. Blume (1994). Mathematics for Economists. W.W Norton & Company Inc. New York, USA.

Association in the course directory

Last modified: Mo 07.09.2020 15:29