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MDSx

Online Course: Macroeconomic Diagnostics (MDSx)

Deadline passed

Session No.: OL 19.02

Location: Course conducted online

Date: May 1, 2019 - July 25, 2019 (12 weeks)

Primary Language: English

Target Audience

All government officials are welcome to register. The course is particularly relevant for officials in central banks and ministries of finance or economy who are directly involved in diagnosing the state of the macro-economy and making projections. The course is offered in English.

Qualifications

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

Course Description

This online course, presented by the IMF Institute for Capacity Development, is designed to build up participants’ ability to assess a country’s macroeconomic situation; it emphasizes practical tools for use in day-to-day macroeconomic analysis. The course covers assessments of

  • the current state of the macroeconomy;
  • the stance of fiscal and monetary policy;
  • financial stability; and
  • the medium-term prospects of the economy, taking into account the sustainability of public and external debt, possible misalignments of the exchange rate, and vulnerabilities arising in the different sectors.

The course uses a case study to illustrate application of these tools and to show how they can contribute to the policymaking process.

Course Objectives

Upon completion of this course, 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.li>
  • 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.

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