Financial Programming and Policies, Part 2: Program Design

BY
International Monetary Fund via Edx

Use real economic data to design an economic program and forecast macroeconomic accounts with the Financial Programming and Policies, Part 2.

Lavel

Intermediate

Mode

Online

Duration

10 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

The Financial Programming and Policies, Part 2: Program Design certification course from the International Monetary Fund (IMF) is an intermediate study financially supported by the Government of Japan in the Economics and Finance field. The programme focuses on macroeconomic policy analysis and forecasting macroeconomic accounts. It teaches you to use real economic data and design an economic and financial programme.

In the Financial Programming and Policies, Part 2: Program Design course, the financial programming exercise replicates the country surveillance and program work routinely done by the desk economists at the IMF. In the first part of the curriculum, you will study the economic outlook of the case study country. The syllabus allows you to develop a set of projections for the chief macroeconomic sectors, including external, real, monetary, and government of the country’s economy, without a change in policies.

Moreover, the self-paced Financial Programming and Policies, Part 2: Program Design syllabus also highlights how macroeconomic policies can reduce macroeconomic imbalances and address poor performance. A faculty comprising experts from the IMF will teach you the course. The training requires you to know or complete the Financial Programming and Policies, Part 1. The learners can join the self-paced programme either by paying the fee or without fee. When joining it with a fee, the learners will get unlimited access to the course and a certificate of completion. In free mode, they can audit it for a limited duration. 

The highlights

  • International Monetary Fund (IMF) program 
  • Intermediate-level course in English 
  • Seven-week training
  • 5-6 hours (per week)
  • Expert faculty from IMF
  • Self-paced course
  • Macroeconomics course
  • Purchasable edX accreditation (verified)
  • Economics and Finance training

Program offerings

  • Seven-week training
  • Intermediate level course in english
  • Six to eight hours (per week)
  • Self-paced course
  • Expert faculty from imf
  • Purchasable edx accreditation (verified)
  • Economics and finance training by sdg academy

Course and certificate fees

Type of course

Free

Financial Programming and Policies, Part 2: Program Design certificate is available at a fee.

Fee structure

Course Name

Fees in INR

Certificate

Rs.2,095

certificate availability

Yes

certificate providing authority

International Monetary Fund

certificate fees

₹2,071

Eligibility criteria

For enrolment in edX’s Financial Programming and Policies, Part 2: Program Design training, you must complete the Financial Programming and Policies, Part 1 course or have prior knowledge of the same.

What you will learn

Knowledge of economics

After you finish edX’s Financial Programming and Policies, Part 2: Program Design online course, you will excel in the following: 

  • Constructing projections of the external, real, monetary, and government sectors assuming zero changes in policy
  • Using macroeconomic models to analyse and understand various effects of policy changes
  • Preparing macroeconomic policy program scenarios
  • Generating projections and sectoral forecasts consistent from behavioural and accounting perspectives
  • Identifying and appraising several economic vulnerabilities ingrained in emerging market economies

The syllabus

An Overview

  • Course at a Glance
  • Discussions and Platform Interactions
  • Introduction to edX
  • Excel Tutorial
  • For Government Officials
  • Introduce Yourself

Entry Survey and Pre-Course Test

  • Entry Survey
  • Pre-Course Test (25 Questions)

Module 1: What is Financial Programming?

  • 1.1 | Starting Module 1
  • 1.2 | The Basic Concepts (6 Questions)
  • 1.3 | Characteristics of Financial Programming (3 Questions)
  • 1.4 | The Financial Programming Process (1 Question)
  • 1.5 | Closing Out

Module 2: Introducing the Case of Macronia

  • 2.1 | Starting Module 2
  • 2.2 | The Case of Macronia (20 Questions)
  • 2.3 | Closing Out

Module 3: Forecasting the Real Sector and Inflation

  • 3.1 | Starting Module 3
  • 3.2 | The Basic Concepts (2 Questions)
  • 3.3 | Forecasting GDP from the Supply-Side (6 Questions)
  • 3.4 | Forecasting Expenditure Components (12 Questions)
  • 3.5 | Determinants of Inflation and the Phillips Curve (4 Questions)
  • 3.6 | Forecasting CPI Inflation (2 Questions)
  • 3.7 | Projecting the GDP Deflator (2 Questions)
  • 3.8 | Closing Out
  • 3.9 | Solutions

Module 4: Forecasting the External Sector

  • 4.1 | Starting Module 4
  • 4.2 | Nominal and Real Exchange Rates (5 Questions)
  • 4.3 | Trends in the Real Exchange Rate (3 Questions)
  • 4.4 | Baseline Projection of the Nominal Exchange Rate (3 Questions)
  • 4.5 | The Current Account: Projecting the Trade Balance (7 Questions)
  • 4.6 | The Current Account: Other Items (3 Questions)
  • 4.7 | Forecasting the Financial Account (3 Questions)
  • 4.8 | Assessing a Country's External Position (5 Questions)
  • 4.9 | Closing Out
  • 4.10 | Solutions

Module 5: Forecasting the Government Sector

  • 5.1 | Starting Module 5
  • 5.2 | The Basic Concepts (8 Questions)
  • 5.3 | Forecasting the Fiscal Accounts (3 Questions)
  • 5.4 | Forecasting Government Sector Operations: Revenues (4 Questions)
  • 5.5 | Macronia: Forecasting Government Revenues (8 Questions)
  • 5.6 | Forecasting Government Sector Operations: Expenses (3 Questions)
  • 5.7 | Macronia: Forecasting Government Expenses (10 Questions)
  • 5.8 | Closing Out
  • 5.9 | Solutions

Module 6: Forecasting the Monetary Sector

  • 6.1 | Starting Module 6
  • 6.2 | The Basic Concepts (9 Questions)
  • 6.3 | Forecasting the Liabilities Side (14 Questions)
  • 6.4 | Forecasting the Assets Side (8 Questions)
  • 6.5 | Forecasting the Central Bank Balance Sheet (4 Questions)
  • 6.6 | Closing Out
  • 6.7 | Solutions

Module 7: Making a Consistent Baseline Scenario

  • 7.1 | Starting Module 7
  • 7.2 | The Basic Concepts (2 Questions)
  • 7.3 | Macronia: Wrap-Up your Baseline Scenario (8 Questions)
  • 7.4 | Closing Out
  • 7.5 | Solutions

Module 8: Assessing a Baseline Scenario

  • 8.1 | Starting Module 8
  • 8.2 | The Basic Concepts: Goods Market Equilibrium and IS Curve (16 Questions)
  • 8.3 | Bringing Monetary Policy Back into the Picture (3 Questions)
  • 8.4 | Putting the Model to Work (7 Questions)
  • 8.5 | Risk Assessment (7 Questions)
  • 8.6 | Closing Out

Module 9: Previewing Adjustment Strategies

  • 9.1 | Starting Module 9
  • 9.2 | The Central Bank Goes it Alone (4 Questions)
  • 9.3 | Adding in Fiscal Adjustment (1 Question)
  • 9.4 | Considering a Fiscal Expansion (9 Questions)
  • 9.5 | Closing Out

Module 10: Making a Consistent Program Scenario

  • 10.1 | Starting Module 10
  • 10.2 | The Basic Concepts (13 Questions)
  • 10.3 | Closing Out

In Conclusion

  • Closing Out FPP2x

Post-Course Test and Exit Survey

  • Post-Course Test (23 Questions)
  • Final Course Survey

Admission details

Step 1: The Financial Programming and Policies, Part 2: Program Design online course page. 

Step 2: Peruse the programme details, course duration, curriculum, sample certificate, instructor profiles, and more. Choose any available session to enrol via the red-coloured ‘Enroll Now’ option.

Step 3: If you are new to the platform, open an edX account using your professional/personal email address or any other social credentials (Google/Facebook/Microsoft/Apple). If you are an edX user with an edX profile, log in with existing credentials.

Step 4: As you register with edX or log in, the enrolment is complete. 


Filling the form

To register for edX’s Financial Programming and Policies, Part 2: Program Design certification course, provide your email address, full name, and residence country to create your edX account. Post-sign up; you will have a unique username and password for signing in. Likewise, you can also make use of your other social credentials, such as Apple or Microsoft, Google or your Facebook, to proceed.

How it helps

The Financial Programming and Policies, Part 2: Program Design course benefits those interested and working in the field of Economics and Finance. The macroeconomics training provides you with an exciting opportunity to learn from the experts at the IMF directly. 

Besides, the edX certificate enhances your job profile and increases your employability prospects with a verified certificate which illustrates that you successfully completed the course and qualified for the edX certificate. The credential comprises the IMF educators’ signatures, your name, a unique certificate ID, and IMF’s and edX’s logos. You can download the accreditation and attach it to your resume, job application, CV, or LinkedIn while applying for jobs and university admissions. 

Instructors

Mr Evan Tanner
Senior Economist
International Moneta...

Ph.D

Ms Adina Popescu
Economist
International Moneta...

Ph.D

Mr Alfredo Baldini
IMF Resident Representative
International Moneta...

M.S, Ph.D

Mr Antonio David
Senior Economist
International Moneta...

Ph.D

Mr Francesco Luna
Senior Economist
International Moneta...

Ph.D

FAQs

Is the Financial Programming and Policies, Part 2: Program Design self-paced?

Yes. The course from the IMF is self-paced. 

Which institution provides the Financial Programming and Policies, Part 2: Program Design certificate programme?

The Financial Programming and Policies, Part 2: Program Design online course is offered by the International Monetary Fund (IMF). Check out more courses from the IMF website. 

Does Financial Programming and Policies, Part 2: Program Design have prerequisites?

Yes. Completing the Financial Programming and Policies, Part 1 programme or having prior knowledge on the same is recommended.

What are the ways of enrolment?

You can enrol for the Financial Programming and Policies, Part 2: Program Design training through the audit or verified track. The verified track offers unlimited course access, certificate, edX support and more features. The audit option provides limited access to the training material.

What’s the Financial Programming and Policies, Part 2: Program Design certification course duration?

It runs for an estimated duration of seven weeks.

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