Batch 2 - Selected Macroeconomic Issues for the IES Mid-Career Officers

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Target Audience:
- Mid-level to senior officials in central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macroeconomy and making projections.
Qualifications:
- Participants should preferably have an advanced degree in economics or equivalent experience.

The course covers a broad range of macroeconomic issues.
The course analyzes the four main macroeconomic sectors (real, fiscal, external, and monetary) and their interlinkages including macro-fiscal and macro-financial aspects.
The course addresses how to diagnose macroeconomic imbalances and financial stability risks.
The course will at all times relate the theoretical material to the Indian context and help participants develop a deeper understanding of India's present economic opportunities and challenges.

Upon completion of this course, participants should be able to:

Analyze potential output and calculate output gaps and diagnose the outlook for the Indian economy.
Assess the stance of current fiscal, monetary and exchange rate, and financial policies.
Assess macro-financial linkages and understand some aspects of financial regulation and macro prudential policies.
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.