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FPP Part 2: Program Design

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

Deadline passed

Session No.: OL 24.108

Location: Course conducted online

Date: January 1, 2024 - April 15, 2024 (15 weeks)

Delivery Method: Online Training

Primary Language: English

    Target Audience

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

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    Qualifications

    Some knowledge of economics is helpful. Basic Microsoft Excel skills and access to a computer with a reliable Internet connection and a Google Chrome web browser are essential.

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    Course Description

    This online course, presented by the 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 the diagnosis of macroeconomic performance, and demonstrates the preparation of a macroeconomic adjustment program for a case study country.

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    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.
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