Officials from ministries of finance, economy, and planning, or central banks, who advise on or help implement macroeconomic and financial policies.
Participants are expected to have a degree in economics or equivalent experience, along with proficiency in the use of spreadsheets. Participants are strongly recommended to complete the online FPP.1x and FFP.2x courses prior to enrolling in thiscourse. However, prerequisites may depend on the region-specific version of the FPP course being offered.
This course, presented by the IMF's Institute for Capacity Development, aims at teaching participants how to both diagnose macroeconomic imbalances and correct them through a coordinated set of adjustment policies. It covers the principal features of the four main macroeconomic sectors (real, fiscal, external, and monetary/financial) and the interrelations among them, highlighting both accounting and behavioral relationships, using data from a country case study. Course Objectives:
Upon completion of this course, participants should be able to:- Analyze economic and financial developments of a country in the region using historical data and a hands-on, Excel-based framework. - Create consistent one-year economic projections under the assumption of unchanged policies. - Identify economic vulnerabilities and risks under a baseline scenario and policy measures to address them. - Prepare an adjustment scenario which reflects these policy measures and their macro impacts. - Identify further policy goals and measures beyond the one-year horizon that will be incorporated into a medium-term 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.