Economic Policy
The course will explore foundational principles of microeconomics and macroeconomics and how to apply economic theory to policy formulation. It will examine the role of markets in an economy, why markets fail, and what governments can do to address market failure. It will also address government failure and possible solutions to overcome it. Considering the macroeconomic shocks faced by countries recently, this course will use the key tools in macroeconomics to understand these developments; identify what fiscal and monetary policies can be used to mitigate these shocks. Given the slowing down in economic growth the course will try to understand the obstacles to growth and what policy actions are needed to stimulate inclusive and sustainable economic growth.
Key Take-aways & Expected outcomes from the Course.
The course provides a framework for:
IDENTIFYING key economic issues and challenges.
DIAGNOSING underlying causes for identified economic issues.
DESIGNING evidence-based policy solutions.
The learning will be based on real world case studies and bring in experts with practical experience in designing and implementing economic policies in challenging environments.
Who will benefit from this course?
Evidence based economic policy making in challenging times is for mid to senior-level policy makers from the public, corporate, multilateral and nonprofit sectors who want to build a policy making toolkit to address economic challenges.