Macroeconomic Diagnostics

BY
International Monetary Fund via Edx

Join the Macroeconomic Diagnostics course by edX to understand how you can assess a country’s macroeconomic condition, using practical tools.

Lavel

Intermediate

Mode

Online

Duration

6 Weeks

Fees

Free

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study
Mode of Delivery Video and Text Based
Learning efforts 5-6 Hours Per Week

Course overview

EdX’s Macroeconomic Diagnostics online course is an intermediate-level training. This six-week programme will teach you the applied tools to analyse a country’s economic situation. The International Monetary Fund offers this training, whose macroeconomists use these analytical tools themselves. You will understand how to employ these tools and interpret their results technically. Additionally, the instructors will explain how to refine these outputs as well. 

The Macroeconomic Diagnostics certification syllabus touches upon an economy’s various sectors. It will explain the easy-to-use tools used to assess relevant sectors and their vulnerabilities. Progressing through the modules, you’ll understand how these tools provide vital data economists require to make assessments. For a hands-on experience, you will also work in a case-study country, ‘Diagnostica’. This will comprise sector-by-sector assessments, diagnostic applications, and interpretation. 

The Macroeconomic Diagnostics programme is a self-paced training in Economics and Finance. There are no admission prerequisites, and you can audit the curriculum without any fee for a limited duration. EdX also offers a verified certification track (paid) for the completion certificate and other exclusive benefits.

The highlights

  • Verified certification (payable)
  • International Monetary Fund’s offering
  • ‘Economics and Finance’ purview
  • Intermediate training 
  • English transcripts
  • Self-direct curriculum 
  • No prerequisites for enrolment
  • Hands-on learning
  • Case-study 
  • Free audit option
  • Funded by the Government of Japan
  • Course language - English
  • Requires 5-6 hours every week for completion
  • Skilled instructors
  • Graded quizzes and assessments
  • Unlimited training access
  • Shareable certificates

Program offerings

  • Imfx programme
  • Intermediate training
  • Free auditing
  • Unlimited access
  • Graded material
  • Paid certification
  • Renowned trainers
  • No prerequisites
  • Video subtitles in english
  • Completion in six weeks

Course and certificate fees

Type of course

Free

  • The Macroeconomic Diagnostics fees are only mandatory if you opt for the course’s verified certificate track.
  • If you audit the program for free, you need not pay anything. 

Macroeconomic Diagnostics course fee structure

Programme option

Amount in INR

Free audit 

NA

Verified track for certification

Rs.2,087

certificate availability

Yes

certificate providing authority

International Monetary Fund

certificate fees

₹2,087

Eligibility criteria

You can join the Macroeconomic Diagnostics certification course without any prior experience, as there are no admission prerequisites.

What you will learn

Financial management

The extensive course syllabus covers all the vital topics about assessing economic scenarios. Once you’re done with the course modules, you’ll be fluent in these areas: -

  • Assessing the fiscal policy, monetary stance, and interpreting risk indicators and how sound the financial sector is
  • Analysing potential output and calculating output gaps
  • Identifying growth’s expenditure composition, measure inflation, and assessing inflation sources
  • Analysing external and public debt sustainability
  • Analysing external positions and calculating potential exchange rate misalignments
  • Assessing the economy’s medium-term prospects, including external and public debt sustainability, and identifying obstructions to long-term growth

The syllabus

An Overview

  • Course at a Glance
  • Discussion and Platform Interaction
  • Introduction to edX
  • For Government Officials

Entry Survey and Pre-Course Test

  • Entry Survey
  • Pre-Course Test (24 Questions)
  • Introduce Yourself

Module 1: Supply and Productivity

  • 1.1 | Starting Module 1
  • 1.2 | Supply Constraint (10 Questions)
  • 1.3 | The Cobb-Douglas Approach (7 Questions)
  • 1.4 | Interpreting the Growth Decomposition (5 Questions)
  • 1.5 | Summarizing Module 1
  • 1.6 | Diagnostica Assessment

Module 2: Potential Output and Output Gaps

  • 2.1 | Starting Module 2
  • 2.2 | Objectives of Potential Output (5 Questions)
  • 2.3 | Aggregate Supply and Aggregate Demand, the Price Level and Equilibrium (5 Questions)
  • 2.4 | Potential Output and Output Gaps (9 Questions)
  • 2.5 | Diagnostic Tools - Estimating Potential Output/Output Gap (1 Question)
  • 2.6 | Summarizing Module 2
  • 2.7 | Diagnostica Assessment

Module 3: Analyzing Aggregate Demand

  • 3.1 | Starting Module 3
  • 3.2 | Aggregate Demand and Its Components (2 Questions)
  • 3.3 | Growth Decomposition in Excel and Its Interpretation (4 Questions)
  • 3.4 | Analysis of Consumption and Demo in Excel (4 Questions)
  • 3.5 | Analysis of Investment and Demo in Excel (4 Questions)
  • 3.6 | Analysis of Aggregate Demand, the External Sector, and Savings (3 Questions)
  • 3.7| Aggregate Demand, the Business Cycle, and Co-movements (3 Questions)
  • 3.8 | Summarizing Module 3
  • 3.9 | Diagnostica Assessment

Module 4: Analyzing Inflation

  • 4.1 | Starting Module 4
  • 4.2 | Concepts and Measurements (6 Questions)
  • 4.3 | Concepts and Measurements, Continued (5 Questions)
  • 4.4 | Determinants of Inflation (5 Questions)
  • 4.5 | The Phillips Curve (4 Questions)
  • 4.6 | Summarizing Module 4
  • 4.7 | Diagnostica Assessment

Module 5: Analyzing Monetary Policy

  • 5.1 | Starting Module 5
  • 5.2 | Keys for Monetary Policy Diagnostics (1 Question)
  • 5.3 | Linking Tools to Frameworks and Mechanisms (3 Questions)
  • 5.4 | Diagnostic Tools (14 Questions)
  • 5.5 | Summarizing Module 5
  • 5.6 | Diagnostica Assessment

Module 6: Macrofinancial Linkages

  • 6.1 | Starting Module 6
  • 6.2 | Setting the stage: How the banking system can run into trouble
  • 6.3 | A first look at the banking system balance sheet: capital adequacy and asset quality (5 Questions)
  • 6.4 | Looking further: Vulnerabilities arising from shocks to earnings, liquidity, and exchange rates (14 Questions)
  • 6.5 | Introducing variability: Z-score and other measures (3 Questions)
  • 6.6 | Putting the pieces together: a macrofinancial diagnosis
  • 6.7 | Diagnostica Assessment

Module 7: Fiscal Policy

  • 7.1 | Starting Module 7
  • 7.2 | Overview of Fiscal Policy (2 Questions)
  • 7.3 | Headline Fiscal Indicators (3 Questions)
  • 7.4 | Cyclically-Adjusted Fiscal Balance (8 Questions)
  • 7.5 | Fiscal Stance and Fiscal Impulse (5 Questions)
  • 7.6| Fiscal Multipliers (2 Questions)
  • 7.7 | Summarizing Module 7
  • 7.8| Diagnostica Assessment

Module 8: Fiscal Sustainability

  • 8.1 | Starting Module 8
  • 8.2 | Defining Fiscal Sustainability (4 Questions)
  • 8.3 | Public Debt Dynamics (5 Questions)
  • 8.4 | Stabilizing Debt (6 Questions)
  • 8.5 | Macro-Fiscal Risks (6 Questions)
  • 8.6 | Summarizing Module 8
  • 8.7 | Diagnostica Assessment

Module 9: The External Position

  • 9.1| Starting Module 9
  • 9.2 | An Overview of the Current Account (5 Questions)
  • 9.3 | Alternative Perspectives of the Current Account (8 Questions)
  • 9.4 | Drivers of The Current Account (8 Questions)
  • 9.5 | Summarizing Module 9
  • 9.6 | Diagnostica Assessment

Module 10: The Real Exchange Rate and Competitiveness

  • 10.1 | Starting Module 10
  • 10.2 | Nominal and Real Effective Exchange Rates (1 Question)
  • 10.3 | External Balance Assessment: The Current Account Approach (13 Questions)
  • 10.4 | External Balance Assessment: The Real Effective Exchange Rate Approach (3 Questions)
  • 10.5 | External Balance Assessment: The External Sustainability Approach (2 Questions)
  • 10.6 | Overall Assessment (1 Question)
  • 10.7 | Summarizing Module 10
  • 10.8 | Diagnostica Assessment

Module 11: External Sustainability and External Vulnerability

  • 11.1 | Starting Module 11
  • 11.2 | External Debt Sustainability (10 Questions)
  • 11.3 | Reserve Adequacy (10 Questions)
  • 11.4 | Summarizing Module 11
  • 11.5 | Diagnostica Assessment

Module 12: Risks and Vulnerabilities

  • 12.1 | Starting Module 12
  • 12.2 | Risks and Vulnerabilities (7 Questions)
  • 12.3 | Interrelated Risks and Vulnerabilities (4 Questions)
  • 12.4 | The Risk Assessment Matrix (RAM) (5 Questions)
  • 12.5 | Summarizing Module 12
  • 12.6 | Diagnostica Assessment

Post-Course Test and Exit Survey

  • Post-Course Test (24 Questions)
  • Final Course Survey

Admission details

  • Go to the official website of edX to view or register for edX’s Macroeconomic Diagnostics online course.
  • An ‘Enrol for Now’ button will be available on this programme web page. Click it to sign up or sign in for the training. 
  • If you’re starting a new edX account, provide the required details on-screen and hit the ‘Create now’ tab. If you’re logging in, use the ‘Sign in’ option, enter your registered credentials, and sign in. 
  • Once you’ve enrolled, two options will be available. You can either proceed with auditing the programme by clicking on ‘Audit This Course’ or purchase the verified certificate option for unlimited access, course certificate, graded assignments, etc.

Filling the form

The Macroeconomic Diagnostics course by edX has no application form. You can easily enrol for this programme by either starting your edX ID or logging in to an existing one. 

To sign up on edX, you must fill in details like your email address, full name, username, residential country name, and password. To sign in, all you have to do is use your edX-verified mailing ID and password. 

You can also use your Microsoft, Apple, Facebook, or Google account credentials to create your edX account or sign in to it. 

How it helps

The Macroeconomic Diagnostics training on edX is excellent for learning the applied tools most macroeconomists employ for assessing a country’s economic scenario. Since this is the International Monetary Fund’s curation, their renowned faculty members will be your instructors. Thus, you’ll be mentored by this field’s experts and obtain valuable insights to become a fluent professional.

If you opt for the Macroeconomic Diagnostics verified track, you will receive graded assignments, lifetime course access, and a prestigious certificate. This certification will help you seek coveted job roles as it’ll display IMF’s official logo, your curriculum achievements, and the instructor’s signature. By adding it to your CV or sharing it across your LinkedIn, you can attract potential recruiters as well.

Instructors

Mr Dimitre Milkov
Economist
International Moneta...

Ph.D

Mr Evan Tanner
Senior Economist
International Moneta...

Ph.D

Mr Adolfo Barajas
Senior Economist
International Moneta...

Other Bachelors, Ph.D

Mr Maksym Ivanyna
Senior Economist
International Moneta...

Ms Luciana Juvenal
Economist
International Moneta...

Ph.D

Mr Mikhail Pranovich
Economist
International Moneta...

Ph.D

Mr Younes Zouhar
Senior Economist
International Moneta...

Other Bachelors

FAQs

Is this an advanced course?

No. The Macroeconomic Diagnostics certification training is an intermediate one.

Do I have to follow a strict programme schedule?

No. The course is self-paced. Thus, you can learn conveniently. 

What are the enrollment options available?

There are two enrollment options - one, where you can audit the curriculum, and two, where you can buy its verified track to get certified. 

Can I finish the training by dedicating 4 hours every week?

EdX recommends that you devote 5-6 hours each week to complete the Macroeconomic Diagnostics program comfortably.

Do IMF’s members teach this course?

Yes. IMF’s Dimitre Milkov (Economist, Institute for Capacity Development), Adolfo Barajas (Senior Economist, Institute for Capacity Development), Maksym Ivanyna (Senior Economist), and Evan Tanner (Senior Economist, Institute for Capacity Development) will instruct this training.

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