"modeling as a tool to help the decision"
The African Institute for Economic Development and Planning (IDEP) regularly offers in its portfolio of traditional training courses to meet the needs of African States members of the United Nations.
As well, this May 7, 2018, IDEP has proceeded to the launch of the course on "the macroeconomic modeling for development planners."
The economic development requires a rigorous planning but also an understanding of the mechanisms that govern the relations between the different sectors of the economy. Has this effect, macroeconomic models are good tools to highlight the interconnections between several sectors of the economy. In addition, they allow to highlight the exogenous shocks that may affect a given economy.
The IDEP has incorporated in its range of traditional courses this course in the goal to learn to executives in the public sector, but also those of the regional economic communities of the continent to build macroeconomic models that reflect the realities of their respective economies. This bilingual session (English/French) 2018, brought together participants from 22 different countries of the continent.
During the opening ceremony, Mr. Mustapha Sadni Jallab, Head, Training and Research Division has recalled the interest of this training and the importance of the economic modeling as a tool to help in the decision and in public decision making.
The Course Director, Professor Adeola Adenikinju is come back concerning him on the assumptions and limitations of the macroeconomic models which are an capital aspect. He also mentioned that a difference would be made between the macroeconomic models and models developed using macro-econometric during the training program.
The opening ceremony is completed after the tour of table during which participants are presented in turn. The training will extend over 2 weeks, from 7 to 18 May 2018.