Financial Programming and Policies, Part 2: Program Design (FPP.2x)

Apply online by August 21, 2019
Course No.: OL 19.103
Location: Course Conducted Online, United States
Date: August 28, 2019-October 16, 2019 (7 Weeks)
Language: English

Target Audience:

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


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, builds on the FPP.1x course to expand participants’ understanding of the design and application of macroeconomic and financial policies. It presents simple forecasting methods for each macroeconomic sector, explains the baseline assumptions for diagnosis of macroeconomic performance, and demonstrates preparation of a macroeconomic adjustment program for a case study country. The expected workload for this course is 6-9 hours per week.

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 relationships between the sectors in both accounting and behavioral terms.Create consistent one-year economic projections on the assumption that policies do not change. Use a macroeconomic model to analyze how policy changes affect a forecast.Identify and appraise the economic vulnerabilities inherent in an emerging market economy.Prepare a macroeconomic policy 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.