Economic Modelling And Forecasting

by Garvey Africa Institute Claim Listing

Economic modelling and forecasting are among the most important tools for policy making today in quantifying impacts of various policies on the economy.

Price : Enquire Now

Contact the Institutes

Fill this form

Advertisement

Garvey Africa Institute Logo

img Duration

Please Enquire

Course Details

Economic modelling and forecasting are among the most important tools for policy making today in quantifying impacts of various policies on the economy. 

This course is designed to strengthen participants’ macroeconomic modelling and forecasting skills through the application of standard economic and econometric techniques. 

It covers fundamentals of economic theory and econometrics necessary to build a macroeconomic model that can be used for macroeconomic policy analysis and forecasting. 

The course presents topics from an applied angle, demonstrating techniques using economic modelling packages like E-views.

 

Learning Outcomes:

  • Understand the elements of economic theory and econometrics that are needed to construct a macroeconomic model
  • Strengthen macroeconomic modelling and forecasting skills
  • Build different macroeconomic models using real life practical examples
  • Understand other forecasting techniques
 
Course Covers:
  • Fundaments of economic modelling
  • Quantitative modelling
  • Description of macroeconomic blocks
  • Estimation of equations in the macroeconomic blocks
  • Planning and regression analysis
  • Data collection and preparation
  • Diagnostics of time series data and testing for stationarity
  • Building a prototype model
  • Overview of forecasting and forecasting process
  • Practice of forecasting
    • ARIMA and ARMA models, VARs etc
  • Evaluation of forecasts and forecasting techniques
  • Other forecasting methods
  • The failure of regression in planning and effect on policy
 
Who Should Attend This Course?
  • This course is well-suited staff of central bank research division, macroeconomic policy analysis division in ministries of finance/development/planning and statistics offices
  • The course is also relevant for economists, researchers, policy analysts, academics, commentators, development planners, government employees and any individuals dealing with issues related to macroeconomic analysis, modelling and forecasting
  • Sunnyside Branch

    Office 105, Schindler Building, 459 Leyds Street, Sunnyside, Pretoria

Check out more Economics courses in South Africa

Y2K College Logo

Micro & Macro Economic Analysis

Factors affecting Micro & Macro environments of the business. - SWAT Analysis - How can countries curb negative effects of these factors - How can countries build positive effects of these factors.

by Y2K College
ECSECC Logo

Economic Governance And Human Resources Development

The structural transformation of various economic sectors due to pervasive transformative technologies has been the major feature shaping economies of the world.

by ECSECC [Claim Listing ]
SADI (Southern Africa Development Institute) Logo

National Accounts & Economic Statistics

National Accounts & Economic Statistics course is offered by SADI (Southern Africa development Institute). SADI provides extensive and highly focused in-service training. In-service training is the process of staff development.

by SADI (Southern Africa Development Institute) [Claim Listing ]
Academy of Business and Computer Studies Logo

National Certificate (Vocational): Finance, Economics and Accounting

Finance, economics and accounting is aimed at students and then exit for further learning or employment/self employment in the financial, economic and accounting sector.

by Academy of Business and Computer Studies
Aldes Training Academy Logo

Economics (ECON)

The ICB Economics course is one of three subjects prescribed for the ICB Intermediate Level Office Administration programme. Knowledge of Economics will enable students to interpret wider the world of business outside the company while simultaneously developing problem solving.

by Aldes Training Academy [Claim Listing ]

© 2024 coursetakers.com All Rights Reserved. Terms and Conditions of use | Privacy Policy