Course unit title

Modelling Economy

Course unit code

EKK304

Type of course unit (compulsory, optional)

Compulsory

Level of course unit (according to

EQF: first cycle Bachelor, second cycle Master)

First cycle Bachelor

Year of study when the course unit is delivered

(if applicable)

Year 4

Semester/trimester when the course unit is delivered

Semester 7

Number of ECTS credits allocated

3 credits (4.8 ECTS)

Name of lecturer(s)

Achamad Tohari, SE., MA.,
Rossanto Dwi Handoyo, SE., MSi, Ph.D
Bambang Eko Afiatno SE., ME., Ph.D

Learning outcomes of the course unit

Students are able to apply various quantitative tools other than econometrics to analyze economic issues or cases both micro and macro.

Mode of delivery (face-to-face, distance learning)

Face to face (offline) and or distance learning (online)

Prerequisites and co-requisites (if applicable)

Introduction to Microeconomics and Introduction to Macroeconomics

Course content

The Modeling Economics course discusses Optimization, Special Topics: Simple Modeling, General Equilibrium Model Foundations: I-O (Input-Output) Model, SAM Model (Social Accounting Matrix), CGE Model (Computable General Equilibrium)

Recommended or required

reading and other learning resources/tools

Optimasi:

1.              Chiang, Alpha C. dan Wainwright, Kevin. 2005. Fundamental Methods of Mathematical Economics, Fourth Edition. New York: McGraw-Hill.

2.              Karlin, Samuel. 1992. Mathematical Methods and Theory in Games, Programming, & Economics. New York: Dover Pub. Inc.

3.              Wu, Nesa dan Coppins, Richard. 1981. Linear Programming and Extnsions. New York: McGraw-Hill.

4.              Rao, S.S. 1990. Optimization Theory and Applications, Second Edition. New Delhi: Wiley Eastern Limited.

5.              Winston, Wayne L; Albright,  S. Christian; dan Broadie, Mark. 2006. Practical Management Science, 3ed. California: Duxbury Press - Thomson Learning.

6.              Hillier, Frederick S. dan Lieberman, Gerald J. 2004, Introduction to Operartions Research, Eight Edition. New York: McGraw-Hill.

7.              Zeleny, M. 1982. Multiple Criteria Decision Making. New York: McGraw-Hill.

8.              Koo, Delia. 1977. Elements of Optimization with Applications in Economics and Business. New York: Springer-Verlag.

Model Dinamis:

1.              Chiang, Alpha C. dan Wainwright, Kevin. 2005. Fundamental Methods of Mathematical Economics, Fourth Edition. New York: McGraw-Hill.

2.              Hoy, Michael; Livernois, John; McKenna, Chris, dan Stengos, Thanasis. 2001. Mathematics for Economics, Second Edition. Cambridge, Massachusetts: The MIT Press.

3.              Koo, Delia. 1977. Elements of Optimization with Applications in Economics and Business. New York: Springer-Verlag.

4.              Chiang, Alpha C. 1992. Elements of Dynamic Optimization. New York: McGraw-Hill.

5.              Kamien, Morton I dan Schwartz, Nancy Lou. 1991. Dynamic Optimization: The Calculus of Variations and Optimal Control in Economics and Management, 2nd Edition. New York: Elsevier.

6.              Takayama, Akira. 1985. Mathematical Economics, Second Edition. Cambridge, UK: Cambridge University Press.

7.              Takayama, Akira, 1994. Analytical Methods in Economics. Michigan: University of Michigan.

Teori Permainan:

1.              Kreps, David M. 1990. A Course in Microeconomic Theory. Princeton: Princeton University Press.

2.              Kreps, David M. 1992. Game Theory and Economic Modelling. Oxford, UK: Clarendon Press-Oxford University Press.

3.              Osborne, Martin J. 2003. An Introduction to Game Theory. Oxford,UK: Oxford University Press.

4.              Osborne, Martin J. dan Rubinstein, Ariel. 1994. A Course in Game Theory. Cambridge, Massachusetts: The MIT Press.

5.              Shubik, Martin. 1982. Game Theory in the Social Sciences: Concepts and Solutions. Cambridge, Massachusetts: The MIT Press.

6.              Von Neumann, John dan Morgenstern, Oskar. 1953. Theory of Games and Economic Behavior. Princeton:Princeton Univ. Press.

7.              Karlin, Samuel. 1992. Mathematical Methods and Theory in Games, Programming, and Economics. New York: Dover Publlications. Inc.

Teori Pengambilan Keputusan:

1.              Zeleny, M. 1982. Multiple Criteria Decision Making. New York: McGraw-Hill.

2.              Mansur, Yusuf M. 1995. Fuzzy Sets and Economics: Applications of Fuzzy Mathematics to Non-Cooperative Oligopoly. Aldershot, Hants, UK, Edward Elgar Publishing Limited.

3.              Saaty, Thomas Lorie. 1988. Multiriteria Decision Making: The Analytic Hierarchy Process for Planning, Priority Setting, Resource Allocation. Pittsburgh: RWS Publication.

4.              Saaty, Thomas Lorie. 2001. The Analytic Network Process: Decision Making with dependence & Feedback. Pittsburgh: RWS Publication.

Model I-O (Input-Output):

1.              Leontief, Wassily.1986. Input-Output Economics, Second Edition. Oxford, UK: Oxford University Press.

2.              Miller, E. Ronald dan Blair, Peter D. 1985. Input-Output Analysis: Foundation and Extensions. New Jersey: Prentice Hall.

3.              Miller, E. Ronald; Polenske, Karen; dan Roose, Adam Z (Ed). 1989. Frontiers of I-O Analysis. Oxford,UK: Oxford Univ. Press.

4.              Carter, A.P. dan Bródy, A. (Ed). 1978. Input-Output Techniques: Applications of I-O Analysis. Amsterdam: North-Holland.

5.              Bulmer-Thomas, V. 1982. Input-Output Analysis in Developing Countries: Sources, Methods, and Applications. New York: John Wiley & Sons.

6.              Sohn, Ira (Ed). 1986. Readings in Input-Output Analysis: Theory and Applications. Oxford, UK: Oxford University Press.

7.              Nazara,Suahasil.1997. Analisis Input Output. Jakarta:Lembaga Penerbit FE-UI.

8.              Perserikatan Bangsa-Bangsa (PBB). 1988. "Tabel Input-Output dan Analisis: Studi dalam Metode, Seri F, No.14, Rev.1", terjemahan Soeheba Kramadibrata dan Sri-Edi Swasono, United Nations, Input-Output Tables and Analysis: Studies in Methods, Series F, No.14, Rev.1. Jakarta: Penerbit Universitas Indonesia (UI Press).

9.              Badan Pusat Statistik (BPS). 2000. Kerangka Teori dan Analisis Tabel Input-Output. Jakarta: BPS.

10.           Isard, Walter dan Azis, Iwan J. (et.al). 1998. Methods of Inter-regional & Regional Analysis. Aldershot,Hants,England: Ashgate.

11.           Sadoulet, Elisabeth dan de Janvry, Alain. 1995. Quantitative Development Policy Analysis. Baltimore: The John Hopkins University Press.

Model SAM (Social Accounting Matrix):

1.              Perserikatan Bangsa-Bangsa (PBB). 1988. “Sistem Neraca Nasional”, diterjemahkan oleh Komet Mangiri. United Nations, A System of National Account. Jakarta: Penerbit Univ. Indonesia (UI-Press).

2.              Pyatt, Graham dan Thorbecke, Erik. 1976. Planning Technique for a Better Future: A Summary of a Research Project on Planning for Growth, Redistribution, and Employment. Geneva: ILO (International Labor Office).

3.              Badan Pusat Statistik (BPS). Sistem Neraca Sosial Ekonomi Indonesia. Jakarta: BPS (berbagai seri penerbitan.

4.              Afiatno, Bambang Eko. 1989. Model SNSE Indonesia: Pola Distribusi dan Analisis Makro. Jakarta: Pusat Antar-Universitas-Studi Ekonomi-Universitas Indonesia (PAU-Ek-UI).

5.              Pyatt, Graham dan Round, Jefferey I. (ed). 1985. Social Accounting Matrices: A Basis for Planning (A World Bank Symposium). Washington D.C: The World Bank.

6.              Isard, Walter dan Azis, Iwan J. (et.al). 1998. Methods of Inter-regional & Regional Analysis. Aldershot,Hants,England: Ashgate.

7.              Sadoulet, Elisabeth dan de Janvry, Alain. 1995. Quantitative Development Policy Analysis. Baltimore: The John Hopkins University Press.

Model Keseimbangan Umum (General Equlibrium):

1.              Starr, Ross M. 1997. General Equilibrium Theory: An Introduction. New York: Cambridge University Press.

2.              Dervis, Kemal; de Melo, Jaime; dan Robinson, Sherman. 1982. General Equilibrium Models for Development Policy (A World Bank Research Publication). Cambridge, UK: Cambridge University Press.

3.              Dixon, Peter B; Parmenter, Brian R; Powel, Alan A; dan Wilcoxen, Peter J. 1992. Notes and Problems Applied General Equilibrium Economics. Amsterdam: Elsevier Science Publishers BV.

4.              Mukherji, Anjan. 1990. Walrasian & Non-Walrasian Equilibria: An Introduction to General Equilibrium Analysis. Oxford, UK: Clarendon Press-Oxford University Press.

5.              Isard, Walter dan Azis, Iwan J. (et.al). 1998. Methods of Inter-regional & Regional Analysis. Aldershot,Hants,England: Ashgate.

6.              Sadoulet, Elisabeth dan de Janvry, Alain. 1995. Quantitative Development Policy Analysis. Baltimore: The John Hopkins University Press.

Planned learning activities and teaching methods

Teaching, discussions, presentation, and problem based learning.

Language of instruction

In Bahasa (Indonesian Language) and English

Assessment methods and criteria

Mid-exam, final-exam, and individual paper