• Length:
    7 Weeks
  • Effort:
    6–8 hours per week
  • Price:

    FREE
    Add a Verified Certificate for $25 USD

  • Institution
  • Subject:
  • Level:
    Intermediate
  • Language:
    English
  • Video Transcript:
    English

Prerequisites

Prior knowledge or completion of Financial Programming and Policies, Part 1 is recommended.

About this course

Skip About this course

In this macroeconomics course, you will improve your skills in macroeconomic policy analysis and learn to design an economic and financial program, using real economic data. The financial programming exercise simulates what IMF (International Monetary Fund) desk economists routinely do in their country surveillance and program work.

In the first part of the course (modules 1–7), you will analyze the economic outlook of a country case and then help to build a baseline scenario — namely, a set of projections for the main macroeconomic sectors (real, external, government and monetary) that reflects the analyst’s best guess of what will happen to the economy in the coming year, assuming no policy change.

In the second part (modules 8–10), you will learn and discuss how macroeconomic policies can be used to address poor performance and reduce macroeconomic imbalances. We will illustrate the workings of monetary, fiscal and exchange rate policies by using a simple Keynesian model of an open economy. In the final module you will design an IMF–supported lending program scenario for our country case.

Financial Programming and Policies, Part 2 is offered by the IMF with financial support from the Government of Japan.

What you'll learn

Skip What you'll learn
  • How to construct projections of the real, external, government, and monetary sectors under the assumption of unchanged policy
  • How to generate sectoral forecasts that are consistent from accounting and behavioral perspectives
  • How to use a macroeconomic model to analyze the effects of policy changes
  • How to identify and appraise the economic vulnerabilities inherent in an emerging market economy
  • How to prepare a macroeconomic policy program scenario

Meet your instructors

Adina Popescu
Economist at the Strategy, Policy and Review Department
The International Monetary Fund
Antonio David
Senior Economist, Western Hemisphere Department
The International Monetary Fund
Alfredo Baldini
IMF Resident Representative in Zambia
The International Monetary Fund
Evan Tanner
Senior Economist, Institute for Capacity Development
The International Monetary Fund

Pursue a Verified Certificate to highlight the knowledge and skills you gain $25.00

View a PDF of a sample edX certificate
  • Official and Verified

    Receive an instructor-signed certificate with the institution's logo to verify your achievement and increase your job prospects

  • Easily Shareable

    Add the certificate to your CV or resume, or post it directly on LinkedIn

  • Proven Motivator

    Give yourself an additional incentive to complete the course

  • Support our Mission

    EdX, a non-profit, relies on verified certificates to help fund free education for everyone globally