SITES Advanced School in Ex-Ante Policy Evaluation with General Equilibrium Development Models


Description and Objectives

Ex-ante evaluation of Policies and projects using General Equilibrium Development Models and Cost-Benefits Analysis

The program aims to present the theoretical foundations and the most important analytical tools of economic impact assessment and cost-benefit analysis within the framework of the most advanced modeling methodologies available for economists, policy makers and other informed professionals. The course material develops the theory and practice of impact assessment aimed at determining the direct and indirect effects of economic policy measures, such as public and private investments, technological changes and regulatory interventions, quantifying aspects such as relevance, effectiveness, efficiency and sustainability. This information, provided in credible and useful terms, can be integrated into the decision-making process of both the beneficiaries and the funding and promoters. It also allows you to evaluate the consequences of the program or project, as well as its potential ability to achieve the desired results.

The economic impact assessment aims to analyze programs and projects as value creation processes and is based on estimating the direct and indirect effects obtained following the implementation of investment or policy measures. The economic impact depends on both the creation of additional supply and demand. On the demand side, the impact depends above all on the level of economic activity and is greater the greater the mobilization of resources caused by the program / project in the presence of unused production capacity. On the supply side, the impact is mainly found on the growth potential of the economy and on the development and transformation of its production structure. The impact analysis therefore allows us to estimate the effects of projects or policies in the short term at the level of variables such as employment, added value, production structure and consumption. For the medium to long term, the impact analysis aims to assess the effects on production capacity, on national and sectoral growth rates and on endogenous factors of economic development, such as investments and technological innovation.

The ultimate goal of the economic, social and environmental impact assessment is to provide detailed information to managers and policy makers in order to direct economic strategies towards an efficient and sustainable allocation of the natural and human resources of a given territory. This set of knowledge takes on particular importance in the current historical context given the importance of the ex ante evaluation placed by the European Commission to allocate the funds for the economic recovery.

The program is organised in 3 modules to be delivered in three separate courses tailored at the level of the interested audience:

Module I: Introduction to welfare economics and general equilibrium analysis

Module II: Theory and applications of Cost-Benefit Analysis and Impact Evaluation

Module III: General Equilibrium Analysis – Theory and applications

The course will be held in hybrid mode (both presence and remote) in XXX during the period XXX. It will introduce students to the following topics.


  • Module I: Introduction to welfare economics and general equilibrium analysis;
    • The Fundamental Theorems of Welfare Economics
    • The 2×2 Consumption and Production economy / The 2x2x2 General Equilibrium
    • Market and government failures
    • Shadow prices and external/internal effects
    • Introduction to GAMS and applications with miniature (dual) models
  • Module II: Theory and applications of Cost-Benefit Analysis and Impact Evaluation;
    • The SAM model (construction and use) and the assessment of direct, indirect and induced impacts at the socio-economic, health and environmental level;
      • Evaluation with multi-regional Input-Output models (MRIO) and environmental impact extensions;
    • cost-benefit analysis under uncertainty: theory and applications to the evaluation of Italy’s PNRR
  • Module III: General Equilibrium Analysis – Theory and applications
    • Fundamentals of General Equilibrium Theory
    • Design and modelling CGE for policy evaluation
    • Applications of CGE models using GAMS to the impact evaluation of the Italian PNRR: The national CGE models in the Static and Dynamic variants.


DateHourTopicTeacherOther Info


Bachelor / Master / Ph.D. in Economics, Statistics, Mathematics and similar.

Previous experience in general equilibrium theory and cost-benefit analysis and use of the GAMS or R software is a benefit.


Fees will be paid with a bank transfer. For more information, please, ask SITES Secretary Beppe Folloni at



Pricing Policy

ParticipantClasses in presenceClasses online
Student / AccademicPrice #1Price #2
Public/Private Sector EmployeePrice #3Price #4


SITES wishes to thank XXX for financial support.

Board of teachers

  • Pasquale Lucio Scandizzo / University of Rome Tor Vergata and OpenEconomics
  • Giorgio Carluccio / OpenEconomics
  • Riccardo Magnani / Paris X
  • Federico Perali / Università di Verona
  • Daniele Cufari / Development Ministry
  • Marco Missaglia / University of Pavia

Organizing commitee

  • Pasquale Lucio Scandizzo / University of Rome Tor Vergata and OpenEconomics
  • Giorgio Carluccio / OpenEconomics
  • Federico Perali / University of Verona

Logistics and lodging information