Learn how to create and assess forecasting models to predict macroeconomic variables such as inflation and economic growth.
Length: 8 weeks
Effort: 6-8 hours per week
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Subject: Economics & Finance
About this course
In this macroeconomics course, you will learn to predict macroeconomic variables such as inflation, growth or consumption, and to create statistical models in economics and use them to predict responses to economic policy.
You will learn from hands-on demonstrations of model-building, forecasting and policy analysis, using data sets from a wide variety of countries. During this economics course, you will be provided with a free temporary license to EViews – a popular software for estimating and simulating forecasting models that has become a standard in central banks and academic institutions worldwide.
Macroeconomic Forecasting is offered by the IMF with financial support from the Government of Belgium.
What you'll learn
- Evaluation of macroeconometric models
- Forecasting of uncertainty and forecasting for policy analysis
- Properties of time series data and model design
- Dynamic specification and the use of vector auto-regression models (VARs) and error correction models (VECMs)