Macroeconomic Diagnostics (MDSx)

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Deadline for the application has passed.
Course No.: OL 18.08
Location: Course Conducted Online, United States
Date: May 2, 2018-June 13, 2018 (6 Weeks)
Language: English

Target Audience:

All government officials are welcome to register. The course is particularly relevant for officials in central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macro-economy and making projections. The course is offered in English.


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, is designed to build up participants’ ability to assess a country’s macroeconomic situation; it emphasizes practical tools for use in day-to-day macroeconomic analysis. The course covers assessments of:

  • the current state of the macroeconomy;
  • the stance of fiscal and monetary policy;
  • financial stability; and
  • the medium-term prospects of the economy, taking into account the sustainability of public and external debt, possible misalignments of the exchange rate, and vulnerabilities arising in the different sectors.

The course uses a case study to illustrate application of these tools and to show how they can contribute to the policymaking process. The expected workload for this course is 6-8 hours.

This course is a prerequisite for selected face-to-face Macroeconomic Diagnostics (MDS) 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:

  • Analyze potential output and calculate output gaps, identify the expenditure composition of growth, measure inflation, and assess inflation sources.
  • Assess the stance of monetary and fiscal policy and interpret financial sector soundness and risk indicators.
  • Analyze public and external debt sustainability and the external position and evaluate possible exchange rate misalignment.
  • Assess the medium-term prospects of the economy, taking into account the sustainability of public and external debt, and identify impediments to long-term growth.

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.