The GIBS /Economic Modelling Academy (EMA) partnership recognises the importance of economic modelling as advanced analytical and decision-making tools for forward looking entities to ensure well-trained, knowledgeable, and responsible leadership. EMA provides focused, applied and comprehensive training to enable leaders to better understand and use economic models more productively and skilfully.
This course will empower you and your organisation to use critical and quantitative insights about how environment changes and policies affect your business, industry and economy.
Modelling allows users to evaluate complex situations, simulate impact of “what if” scenarios and predict likely outcomes. Students learn economic modelling techniques to gain qualitative and quantitative insight into environmental changes. Students also learn to use models to develop strategic responses to complex interrelationships between macroeconomics, industrial structure, energy demand and carbon emissions.
Students will use economic modelling techniques to design green economy policy scenarios and quantify their economic and environmental impact. Through hands-on practice sessions, our web-based green economy model allows students to practice green policymaking and forecast the impact of their scenarios on the economy, industry, the demand for energy and carbon emissions. Course modules also focus on how to integrate model projections into national and provincial M&E systems.
Green economy modelling (a) establishes a relationship between policy targets and relevant economic, environmental and social dimensions; (b) projects the impacts of policy measures in advance; (c) analyses the effects of existing policies; and (d) identifies synergies and cross sectoral impacts among policy choices.
You will learn how to employ green economy models to inform policymaking decision processes within the context of sustainable development. The course enables you to assess ex-ante the economic, social and environmental impacts of green economy policies across a wide range of sectors, refining the economic impact analysis of green policies and investments and thus engendering positive spillover effects at the local, national and regional levels.