number of inputs.Lecturer/Research Associate at Department of Economics, Padjadjaran University, and Ph.D Candidate at Australian National University. BA in Economics (Padjadjaran University), M.Sc in Environmental Economics (UCL, University of London, UK). CGE Modelling Course, COPS, Monash University, February 2004.
Ph.D Candidate at Australian National University. BA in International Business Studies, BA in International Relation (Griffith University) and M.Ec in Econometrics (University of New England). CGE Modelling Course, COPS, Monash University, February 2002.
Which is not really a wrong idea since it usually also involves computer programming skills in some sort. The other reasons is most CGE modellers are not really transparents with their model, and scare audience by saying that their model, for example, has thousands of equations.
We have to also assume that the production and utility function are well-behaved.
In this closed economy model consumption will be equal to production and market clearing for commodities are implied.
See Appendix B1 for more general Cobb-Douglass technology with number of inputs.