All government officials are welcome to register. Participation is free of charge, and there are no limits on the number of participants per country or agency. 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 inpolicy 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.
This online course, presented by the IMF's Institute for Capacity Development, builds on the FPP.1x course and aims at extending participants' understanding of the design and implementation of macroeconomic and financial policies. Specifically, the course presents simple forecasting methods for each sector of the macroeconomy, diagnosis of macroeconomic performance under baseline assumptions, and preparation of a macroeconomic adjustment program for a case study country.Course Objectives
: Upon completion of this course, participants should be able to:
- Construct baseline projections of the real, external, government, and monetary sectors using sector specific variables.
- Describe the interrelations among the sectors in both accounting and behavioral terms.
- Create consistent one-year economic projections under the assumption of unchanged policies.
- Use a macroeconomic model to analyze the effects of policy changes on a forecast.
- Identify and appraise the economic vulnerabilities inherent in an emerging market economy.
- Prepare a macroeconomic policy program scenario using a given set of data.
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.