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.
Empower yourself and your organisation to skillfully use provincial and local economic models to design policies, conduct impact analyses, and predict likely future path of the economy and its sectors.
This course covers topics in national, regional and local economics. You will learn about the dynamic two-way industry and macroeconomic interactions between a country’s national, provincial, and local economies. The course goes into detail on why we build linked national-provincial models, their architecture, the role of data, statistical analysis and computer programming.
The course uses existing linked national-subregional models to explain and demonstrate how they are built and used to design policies and simulate their impacts. The course provides students access to and training on how to use web-based linked national-subregional models. During hands-on practice sessions, students will use the models to forecast the impact of national policies on provincial economies, and the impact of provincial interventions locally, on other provinces and at the national level. Course modules also show students how to integrate linked model projections into provincial and national monitoring and evaluation.