GLOBAL EXPERIENCE WITH EMA
At EMA, we pride ourselves with our global footprint and expertise, thus granting our students access to practice on actual online economic models from 60 different countries.
EMA DEMYSTIFIES ECONOMICS MODELING
EMA courses empowers Individuals, organizations, and governments with analytical tools to better understand the complexities of local, national, and global economies.
APPLIED STRATEGIC TRAINING
EMA’s economic courses will equip Students with skills in policy design, impact analysis and forecasting so that you can confidently analyze the present and anticipate future scenarios.
Courses
EMA offers the best training in the Economic Modelling field with access to course material, live economic models, and scenarios under the guidance of experienced industry professionals.
Select from one of the courses offered and open the gateway to the world of economic modelling.
Current Courses
Multi-Sector Macroeconomic Modelling 2
This course first reviews main concepts, topics, and debates in macroeconomics. You will learn about distinguishing features of capitalism, its sources of dynamism, growth, employment and unemployment. In the process, you will become familiar with the main distinction between mainstream and heterodox schools of thought in economics, which is fundamentally about how capitalism works, and the debate on the role of state and policy in the economy.
The course will then present the aims and experiences with macroeconomic modelling. The course goes into details on why and how macroeconomic models are built, their theoretical orientation, architecture, role of data, statistical analysis and computer programming. Specific course modules will present the process of building an actual model and its operation. You will have access to state of art macroeconomic models to learn and practice designing macro and industry policy scenarios, conducting impact analyses and integrating model projections into medium and long term M&E.
Poverty-Inequality Modelling
This course provides a substantive review of analytical and policy issues related to the nexus between market economies, poverty and inequality. It will present various topics, debates, and measures related to poverty and inequality, including multi-dimensional poverty. The course modules provide detail presentation of microsimulation, and linked micro and macro economic modelling techniques used for poverty and inequality analyses, role of data, statistical analysis and computer programming.
We use our poverty-inequality models to explain the link between household poverty and inequality and macroeconomics, industrial transformation, taxation and social security. By having access to the models, you will learn how to design policies and generate projections of the impact of policies, such as the BIG, public employment and macroeconomic policy, on various measures of inequality, income poverty and multi-dimensional poverty by race, gender, province, family type, quintile and locality.
Skills Demand & Supply Modelling
There has been a recent resurgence of international interest in skills planning and forecasting. This course starts with an overview of the historical interest in skills forecasting that can be traced to three sources: interest in linking educational expansion to human resource requirements of a growing economy; translation of targets for economic growth to targets for the demand for skills; and the need for skills forecasting in order to better plan vocational counseling and placement services. You will also receive an overview of the debate on skills requirements, the problems of unemployment, changing technologies, knowledge obsolescence, and the 4th Industrial Revolution (4IR).
The course will then present quantitative and qualitative approaches to skills planning and forecasting. You will be introduced to economic modelling techniques that are internationally used for skills planning and forecasting. The course modules explain how skills forecasting tools combine economic, demographic, and education data with state of the art statistical and modelling techniques to capture key interactions and interdependencies within the economy, including the behavior of households, the private sector, and government, and the links between the labor market and the education sector.
Through hands-on practice sessions, our web-based linked macro-education model allow you to design alternative education and economic policy scenarios, conduct real time simulation of your scenarios, and receive medium and long term projections of the labor force, employment, job openings, job seekers, labor market (im)balances, and demand and supply of skills and occupations. You will also be able to view occupations in high and low demand under alternative scenarios over the next 10 years. Moreover, you will learn how to use the model’s 4IR module to design and simulate impact of alternative scenarios on demand for occupations and skills. Finally, specific course modules are dedicated to teaching how to integrate model generated projections of skills demand and supply into national and provincial M&E system.
All public and private organizations, including SETAs, that conduct research and/or are responsible for skills planning and HR strategy can use this course to learn how to design ‘what if’ scenarios about the economy, labor force, and the education sector and to obtain corresponding effects on future trends in demand and supply of skills and occupations for the economy, SETAs, provinces and economic sectors.
Green Economy Modelling
Global warming has put greening of the economy on almost every country’s growth and development agenda. This course starts with an overview of concepts, topics and debate in the transition towards a green economy. It then introduces you to economic modelling techniques that are used to design green economy policy scenarios and quantify their economic and environmental impact. You will learn about the intersections between macroeconomics, industrial structure, energy demand and carbon emissions.
The course will then present an example of a linked economy, energy and emissions model. We go into details on how the model is built, its architecture, role of data, statistical analysis and computer programming. Through hands-on practice session, our web-based green economy model allows you to practice green policymaking and forecast the impact of your scenarios on the economy, industries, demand for energy and carbon emissions. Course modules are also dedicated to teaching how to integrate model projections into national and provincial M&E system.
Multi-Sector Macroeconomic Modelling
This course first reviews main concepts, topics, and debates in macroeconomics. You will learn about distinguishing features of capitalism, its sources of dynamism, growth, employment and unemployment. In the process, you will become familiar with the main distinction between mainstream and heterodox schools of thought in economics, which is fundamentally about how capitalism works, and the debate on the role of state and policy in the economy.
The course will then present the aims and experiences with macroeconomic modelling. The course goes into details on why and how macroeconomic models are built, their theoretical orientation, architecture, role of data, statistical analysis and computer programming. Specific course modules will present the process of building an actual model and its operation. You will have access to state of art macroeconomic models to learn and practice designing macro and industry policy scenarios, conducting impact analyses and integrating model projections into medium and long term M&E.
Modelling Provincial-District-Municipal Economies
This course reviews topics in national, regional and local economics. You will learn about dynamic two-way industry and macroeconomic interactions between national, provincial, and local economies. With access to an economy-wide linked model, the course goes into details on why we build linked national-provincial models, their architecture, role of data, statistical analysis and computer programming.
Through hands-on practice session, our web-based linked models allow you to forecast the impact of national level policies on provincial economies and the impact of provincial interventions locally, on other provinces and at the national level. Course modules are also dedicated to teaching how to integrate linked national-provincial model projections into provincial and national M&E.
Modelling Social Security and Public Works
Social assistance is one form of state intervention in a capitalist, market economy. This course will first provide an overview of the history of social assistance, range of interventions, boundaries of social assistance, national variations (in the size of social assistance), causes and consequences of social assistance, roles of the economy, the state and civil society. We will review theories of the causes of social assistance, and alternative interpretations of the consequences of a social assistance program for modern developed and underdeveloped economies.
The course will then introduce you to economic modelling techniques that are used to design social assistance policies and quantify their economic and social impact. You will learn about microsimulation and linked macro-micro modelling techniques that are internationally used for above purposes. With direct access to both types of models, the course goes into details on how a microsimulation model and a linked micro-macro model are built, their architecture, role of data, statistical analysis and computer programming. Through hands-on practice session, our web-based models allow you to design Basic Income Grant and/or other social assistance policy scenarios and forecast the impact of your scenarios on individuals, households, and the economy at various levels. Course modules are also dedicated to teaching how to integrate model projections into national and provincial M&E system.
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Testimonials
Jeffrey Thamsanqa Radebe, Minister in the Presidency: Planning, Monitoring and Evaluation
South Africa | Macro Economic Modelling Course
