Background

Central Banks and Ministries of Finance, Planning and Development in the MEFMI region require skills in macroeconomic modelling and forecasting to formulate and implement evidence-based policies. In this regard, MEFMI will conduct an introductory e-learning course on Macroeconomic Modelling and Forecasting to help member countries to develop capacity in this important area.

Objective

The objective of this course is to build capacity in the area of macroeconomic modelling and forecasting.

Course Content

The course will cover the following:

• i. Theory in macroeconomic modelling;
• ii. Macroeconomic blocks;
• iii. Estimation of equations in the macroeconomic blocks;
• iv. Diagnosis of time series data;
• v. Building a prototype model; and
• vi. Other forecasting models.

Target Group

This course targets junior and mid-level staff responsible for modelling and forecasting in Central Banks, Ministries of Finance/Development/Planning and other related institutions. The course is also relevant for researchers, analysts and other individuals dealing with issues related to macroeconomic analysis, modelling, and forecasting.