English

Energy Subsidy Reform (ESRx)

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Apply online by March 21, 2018
Course No.: OL 18.103
Location: Course Conducted Online, United States
Date: March 28, 2018-April 25, 2018 (4 Weeks)
Language: English

Target Audience:

All government officials are welcome to register. Officials in finance, economy, and planning ministries who provide advice on macroeconomic policies or implement policy should find the course particularly beneficial. The course is offered in English.

Qualifications:

Some knowledge of economics would be helpful. Basic Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

Course Description:

This online course, presented by the IMF's Institute for Capacity Development, and the IMF Fiscal Affairs and Middle East and Central Asia Departments, builds on extensive cross-country analysis and hands-on experience in design of technical assistance and subsidy reform to make recommendations on how best to reduce energy subsidies on energy.

The course introduces the concept of energy subsidies—their definition and measurement—and reviews their economic, social, and environmental implications. It also presents toolkits to assess the distributional effects of alternative subsidy reform scenarios and to design a fuel pricing mechanism. Finally, the course reviews what works best in energy subsidy reform and illustrates successes and failures in terms of particular countries. The expected workload for this course is  6-8 hours per week.

Successful completion of an online course will be viewed favorably when applying for face-to-face ICD courses at headquarters or regional centers.

Course Objectives:

Upon completion of this course, participants should be able to:

  • Explain the concept of energy subsidy and estimate pre- and post-tax subsidies.
  • Define corrective energy taxes and explain how to calculate them.
  • Discuss the economic, social, and environmental impact of energy subsidies.
  • Explain how to design robust subsidy reform strategies.
  • Discuss policy responses to mitigate the effects of subsidy reform on inflation and on household welfare.
  • Use an Excel-based toolkit to assess the effects of alternative energy subsidy reform scenarios on households in different income groups.
  • Design effective fuel pricing mechanisms to mitigate fuel price volatility.

Important Note for Online Courses:

For Online Learning (OL) courses, which are delivered through the edX platform, you will need an additional piece of information to register: you will be prompted for your edX.org username. If you do not already have a username, please go to https://courses.edx.org/register and sign up for a free account. Once you have created an account, you may complete the IMF Institute application. If you already have an edX account, your username can be found on the top right of the screen after logging in.

Important Note for Internal Economics Training Courses:

Internal Economics Training (IT) courses are self-financed. The IMF will not charge officials for attending courses. However, all travel, insurance, hotel, and living costs will need to be covered by the agency sponsoring the participants.