Macroeconomics Module by SARTTAC the for Phase I Training of IAS Officers at the LBSNAA (MDS)

Source details

Canonical URL: Macroeconomics Module by SARTTAC the for Phase I Training of IAS Officers at the LBSNAA (MDS)

Target Audience:
- Officer trainees comprising the incoming cohort of Indian Administrative Service officers.
Qualifications:
- Successful candidates selected through the competitive Union Public Services Commission examination and assigned to the Indian Administrative Service.
Pre-requisites:
- Participants should have attended the macroeconomics module offered at the Foundation Course for officer trainees comprising the entry cohort into the Indian civil service.

The course is designed to strengthen participants' ability to assess a country's macroeconomic situation, including:
- the current state of the economy;
- the stance of fiscal and monetary policy;
- financial stability;
- exchange rate misalignments;
- vulnerabilities in the different sectors;
- the medium-term outlook, especially the sustainability of public and external debt.
The course relies on a case study of India to illustrate India's current macroeconomic challenges and to demonstrate practical tools for use in day-to-day macroeconomic analysis and policymaking.

Upon completion of the workshop, participants should be able to:

Analyze potential output and calculate output gaps, and diagnose the outlook for the economy.
Assess the stance of current fiscal, monetary and exchange rate, and financial policies.
Assess macro-financial linkages, including through the analysis of financial sector soundness indicators.
Assess the medium-term prospects of the economy, especially the sustainability of public and external debt, and identify impediments to long-term growth.
Identify possible external and internal economic risks and vulnerabilities to economic growth and identify policies to address them.