Indepthresearch
outreach@indepthresearch.org
  + 254 20 211 3814 | +254 731 240 802
   +254 735 331 020 | +254 715 077 817
Westlands, Rhapta Road
Njema Court, Suite R2
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Macroeconomic Modelling and Forecasting Course

INTRODUCTION

This hands-on workshop focuses on the process of building and operating small-scale structural macroeconomic models and satellite models for forecasting in central banks. The programme will involve both presentations providing the theoretical background of the topics covered and computer training enabling direct application of the methodologies previously covered.

DURATION

5 Days

WHO SHOULD ATTEND?

Economists with a reasonable technical background in macroeconomic modeling and forecasting or junior economists whose duties involve/will involve modeling and forecasting.

LEARNING OBJECTIVES

• Introduce participants to Macroeconomic Modeling and Forecastingconcepts 
• Assess the key insights from best practice international modelling, and recent policy applications
• Explain and assess the relative roles of deterministic and stochastic macroeconomic models, and their     steady state and dynamic properties
• Display a sound appreciation of the roles of macroeconomic and structural models in forecasting, projection and policy processes

TOPICS TO BE COVERED
• Introduction to Macroeconomic Modeling and Forecasting
• Work with data and stylized facts, country specific features
• Forward-looking models, endogenous monetary policy
• Impulse response analysis
• Kalman filtering
• Model testing
• Forecasting and incorporation of judgment
• Decomposition of the aggregate forecast
• Automation
• Scenario analysis, uncertainty
• Near-term forecasting methods
• Fiscal, monetary and foreign trade forecasting

REQUIREMENTS

Participants should be reasonably proficient in English. Applicants must live up to Indepth Research Services (IRES) admission criteria.

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:outreach@indepthresearch.org.  

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 715 077 817, +254 (020) 211 3814 or mail outreach@indepthresearch.org

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B. 16th October 2017.

Send proof of payment to outreach@indepthresearch.org

CANCELLATION POLICY

Payment for the all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Duration 5 Days
Event Date 23-10-2017
Event End Date 27-10-2017
Cut off date 16-10-2017
Individual Price (Kenyan) KES 75,000.00
Individual Price (International) EUR 1,012.00
Individual Price (International) USD 1,100.00
Location Nairobi, Kenya

Group Tariffs

Group Size Kenyan Rate Per day (KES) International Rate Per day (USD/EURO)
6-10 95,000.00 $ 1,118.00
€ 1,018.00
11-15 146,250.00 $ 1,721.00
€ 1,567.00
16-20 191,250.00 $ 2,250.00
€ 2,048.00
21-25 230,000.00 $ 2,706.00
€ 2,463.00
26-30 262,500.00 $ 3,089.00
€ 2,811.00
30-50 309,825.00 $ 4,556.00
€ 0.00
3-5 62,500.00 $ 736.00
€ 670.00
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