The user enters assumed functional parameters in spreadsheets and selects menu choices to build any one of a large number of alternative model economies. A model economy can have 2 or 3 industrial sectors that employ 2 or 3 primary factors to supply 1 to 19 households. The structure of the basic model can be enriched by addition of optional features. The model economy can have inter-industry transactions, taxes on any number of several tax bases, and household demand for leisure. The model can be closed or open to international trade.
Open models can be open or closed to international flows of capital services.
The prices of traded goods and services can be endogenized by simulating a two-country model. Up to 9 countries are permitted. Because the model is constructed with menu selections and spreadsheet values there is no need for additional equation-solving software, computer programming, and program compilers. A picture of a model building screen is attached. This diskette has Gemodel 3.2 files for exact reproduction of models that appeared in professional journals and also numerous files that are outputs of simulation exercises discussed in the Gemodel 3.2 user's manual.