Exciting Digital Training Programme: Enroll for the Macroeconomic modelling for sustainable development Online Course (Part 1)
Application Deadline: 4 April 2025
Exciting Digital Training Programme: Enroll for the Macroeconomic modelling for sustainable development Online Course (Part 1)
Overview
Macroeconomic policy management is an important element in achieving the Sustainable Development Goals (SDGs). It is increasingly recognised as an important core strategy in the implementation of the 2030 Agenda for Sustainable Development and Agenda 2063.
Macroeconomic modelling in this respect is a key decision-making tool, as it aims to represent the links between different macroeconomic variables in order to answer crucial questions about the impact of policy measures or economic shocks on growth the functioning of economies, macroeconomic outcomes and the economic welfare inherent in these outcomes, and to make forecasts.
It is with this in mind that the United Nations Economic Commission for Africa (ECA) and its partners have launched the ECA Young Economists Network (YEN). The African Institute for Economic Development and Planning (IDEP), in its capacity as the training arm of the ECA, is implementing a digital training programme on macroeconomic modelling to support this initiative.
Objectives
The aim of this digital training programme is to enhance the skills of young African economists needed to develop, analyse and apply macroeconomic models to support economic growth and development on the continent.
Online Course Content
This course, which is the first part of a comprehensive training programme, will be structured around the following modules :
- Module 1: Understanding economics: some basic concepts
- Module 2: The principles of economic modelling
- Module 3: Macroeconomic models: Their role in planning and implications for policy choices
- Module 3.1. Analysis of the closed economy: the Keynesian approach and the IS-LM model
- Module 3.2. Open economy analysis: The IS-LM-BP model and the role of the external sector
- Module 3.3. Endogenous growth models (role of human capital and technology) according to Solow’s approach
- Module 4 : Modelling and economic forecasting using regression models
- Module 4.1. Principles of multivariate regression analysis
- Module 4.2. Economic planning using time series analysis
- Module 4.3. VAR models and their implications for economic planning
- Module 5 : The practice of macroeconomic modelling – The IMF macroeconomic model
Skills gained
At the end of the course, participants will be able to:
(a) Mastering the techniques and applications of macroeconomic models.
(b) Analysing the impact of changes in fiscal or monetary policy on the economy.
(c) Understand the differences in the effectiveness of fiscal and monetary policies under different exchange rate regimes, including fixed and floating exchange rates.
(d) Study and understand the factors underlying the apparent behaviour of a series of economic data over time.
(e) Apply macro-econometric forecasting techniques to project the impact of proposed policy decisions
Course Structure and Approach
The course will be taught in English and French over a period of four weeks. The course will be delivered asynchronously and participants are expected to contribute to weekly discussions. The course is designed so that learners are also able to self-assess their understanding through practical exercises in the form of quizzes that will enable active learning. Additional resources such as bibliographies, Internet links and optional readings are provided for participants who wish to deepen their knowledge of the course topic.
A course director with first-hand expertise in macroeconomic modelling will be responsible for facilitating the course. The course will be supported by webinars on specific topics related to the main theme. In line with IDEP’s pedagogical philosophy, the course will combine the acquisition of knowledge and the sharing of experience between participants.
Technical Requirements
Internet access is essential for taking part in the course. To follow this online course, you need at least the hardware and software indicated.
- System: Windows 10 or higher; Mac OS 9 or Mac OS X; Linux
- Memory 500 MB RAM, 1 GB free space
- Software :
o Adobe Acrobat Reader
o Microsoft Office (Windows or Mac) or Open Office
o Microsoft Edge, Google Chrome, Firefox browsers - Modem: 56 K
- Please note that JavaScript, cookies and pop-ups must be enabled.
VISIT THE PAGE HERE AND APPLY
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