Financial Programming and Policies, Part 1: Macroeconomic Accounts & Analysis (FPP.1x)

Deadline for the application has passed.
Course No.: OL 17.105
Location: Course Conducted Online, United States
Date: May 10, 2017-June 21, 2017 (6 Weeks)
Language: English

Target Audience:

This special offering of the FPP.1x is conducted as a Massive Open Online Course (MOOC). It is open to all audiences. All government officials are welcome to register. The course is particularly relevant to officials in ministries of finance, economy, and planning, or in central banks, who provide advice on macroeconomic and financial policies, or who are involved in policy implementation.


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

Course Description:

This online course, presented by the IMF's Institute for Capacity Development, presents the basic skills required to conduct financial programming. The course presents the principal features of the accounts of the four main sectors that comprise the macroeconomy (real, fiscal, external, and monetary) and the interrelations among them. For each sector, the course presents the accounting framework, the interpretations of variables and indicators from these accounts, and basic analysis of the accounts.

Course Objectives: Upon completion of this course, participants should be able to:
  • Calculate economic variables using principles of macroeconomic accounting.
  • Interpret the accounts of the four main sectors that comprise the macroeconomy: real, fiscal, external, and monetary/financial.
  • Describe the accounting and behavioral linkages among the macroeconomic accounts.
  • Analyze economic and financial developments of a case study country using a hands-on, Excel-based framework.

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.