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

Deadline for the application has passed.
Course No.: OL 18.104
Location: CourseConducted Online, United States
Date: April 11, 2018-May 23, 2018 (6 Weeks)
Language: Arabic

Target Audience:

All government officials are welcome to register. The course is particularly relevant for officials in ministries of finance, economy, and planning and central banks who advise on macroeconomic and financial policies or who are involved in policy implementation. The course is offered in English, French, Spanish, Russian, and Arabic.


Some knowledge of economics is 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 Institute for Capacity Development, explains the basic skills required to conduct financial programming; the principal features of the accounts of the four main sectors that comprise the macroeconomy (real, fiscal, external, and monetary); and how they relate to each other. For each sector, the course presents the accounting framework, interpretations of variables and indicators from these accounts, and basic analysis of the accounts. The expected workload for this course is 8-10 hours over 6 weeks. This course is self-paced.

This course is a prerequisite for selected face-to-face Financial Programming & Policies (FPP) courses and is strongly recommended for some other courses. Please see individual face-to-face course listings for details. In general, successful completion of an online course will be viewed favorably when applying to face-to-face ICD courses at headquarters or regional centers.

Course Objectives:

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

  • Calculate economic variables using macroeconomic accounting principles.
  • Interpret the accounts of: real, fiscal, external, and monetary sectors that comprise the macroeconomy.
  • Describe the accounting and behavioral links between 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.