Green Economy Modelling
Course overview
This course will first provide an overview of challenges a transition to a green economy represents and the debate on how to address them, including the debate on just and inclusive energy transition. The course will then introduce economic modelling techniques, that include integration of the environment, to gain a wholistic and quantitative insight into environmental issues related to supply and use of energy and carbon emissions. Students learn to use models to develop strategic responses to complex interrelationships between macroeconomics, industrial structure, energy and carbon emissions. You will have access to state of art green economy models to learn and practice designing macroeconomic, industry, energy and carbon tax policy scenarios, conduct impact analysis and integrate model projections into medium and long term M&E related to energy supply, use and carbon emissions.
The GIBS /Economic Modelling Academy (EMA) partnership recognizes 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 skillfully.
Course details
About the Course
Content
Following is a brief description of the course content:
- Understanding the foundational concepts, principles, dimensions and trends in the transition to a green economy.
- Empowering you and your organization to use critical and quantitative insights about how environment changes and policies affect your business, industry and economy.
- Complex interrelationships between macroeconomics, industrial structure, energy supply and use, carbon emissions and government strategic responses
- How to design green economy policy scenarios and quantify their economic and environmental impact
- Combining scenario design and green economic modelling to highlight the relationship between green policy choices and green sector and economic outlooks.
- Hands-on practice learning about green policymaking and using models to assess likely impact of policies on greening industry and the economy.
Outcomes
Upon completion of this course, delegates:
- Learn about inclusive green economy approaches by developing and developed countries.
- Gain insight into the challenges a transition to a green economy represents and how to address them.
- Learn about the most recent tools and methods in transitioning to a green economy.
- Learn about integration of environment into economic models
- Learn how to employ green economy models to inform industry and economy-wide policymaking decision processes within the context of sustainable development.
- Learn about the intersections between macroeconomics, industrial structure, energy supply and use, carbon emissions, and meeting country’s international commitment to reduce emissions.
- Learn how to use green economic models to project the impacts of policy measures in advance
- Gain insights about how environment changes and policies affect the economy and its industries.
Requirements
- A minimum of a Bachelor’s degree at NQF level 7 or equivalent plus at least 3 year’s work experience in research/policy/strategy/planning/Monitoring and evaluation.
- A minimum of a Bachelor’s degree in economics or related fields requires no work experience.
Course Structure
Module 1: Introduction to Transition to Green Economy
What is the overview of this module?
This module starts with the basic concepts, policy instruments and international frameworks of just transitions and inclusive green economies. It provides an overview of global and regional environmental challenges before introducing basic concepts, policy instruments and international frameworks of just transitions and inclusive green economies. It provides an overview of important mainstream and heterodox contributions to understanding and solutions to environmental challenges at country and industry levels. The module sets the foundation to discuss green economic models in the next module.
Who are the instructors for this module?
Information about the instructors for the five lessons under this module will be released two weeks before the start of the first lesson.
How will the module topics be presented?
The lessons of this module will be presented virtually by assigned instructors through live sessions.
What are the requirements of this module?
Same as the course requirements.
Module 2: Design and Construction of a Green Economy Model (1 of 2)
What is the overview of this module?
Modules 2 is the first two modules that introduce learners to fundamentals of green economy modelling, and cover data and technical issues related to the design and construction of green economy models. The modules use an existing multi-sector green economy model to explain how it is built and used to design policies and simulate their impact.
Module topics include:
- the purpose and structure of typical green economy models;
- building blocks of green economy models;
- the types, extent and role of data in the construction of green economy models;
- scenario planning related to the economy-wide and industry level green technology, carbon tax, and public spending policy; and
- simulation and interpretation of results.
Who are the instructors for this module?
Information about the instructors for the five lessons under this module will be released two weeks before the start of the first lesson.
How will the module topics be presented?
The lessons of this module will be presented virtually by assigned instructors through live sessions.
What are the requirements of this module?
Same as the course requirements
Module 3: Design and Construction of a Green Economy Model
What is the overview of this module?
Modules 3 is the second of two modules that introduce learners to fundamentals of green economy modelling, and cover data and technical issues related to the design and construction of green economy models. The modules use an existing multi-sector green economy model to explain how it is built and used to design policies and simulate their impact.
Module topics include:
- the purpose and structure of typical green economy models;
- building blocks of green economy models;
- the types, extent and role of data in the construction of green economy models;
- scenario planning related to the economy-wide and industry level green technology, carbon tax, and public spending policy; and
- simulation and interpretation of results.
Who are the instructors for this module?
Information about the instructors for the five lessons under this module will be released two weeks before the start of the first lesson.
How will the module topics be presented?
The lessons of this module will be presented virtually by assigned instructors through live sessions.
What are the requirements of this module?
Same as the course requirements.
Module 4: Hands-on Practice 1: Design and Simulate Green Economy Policy Scenarios
What is the overview of this module?
Through hands-on practical exercises, modules 4 and 5 provide training on how to use green economy models for planning and policy analyses. Participants in the course practice designing policy scenarios, use models to simulate their impact, and quantitatively evaluate model results in terms of industry and economy-wide green outlook.
Learners will get access to and practice with web-based green economy models. Through practical exercises, the modules will build the skills of learners on how to design simple to complex, multi-layered sector and economy-wide green policy scenarios, simulate their likely future impacts, and analyse the model results.
Who are the instructors for this module?
Information about the instructors for the five lessons under this module will be released two weeks before the start of the first lesson.
What is the structure of this module?
This module will be delivered through a number of lessons whose details are provided under ‘What are the lessons under this module?’
What are the requirements of this module?
Same as the course requirements.
Module 5: Hands-on Practice 2: Design and Simulate Green Economy Policy Scenarios
What is the overview of this module?
Through hands-on practical exercises, modules 4 and 5 provide training on how to use green economy models for planning and policy analyses. Participants in the course practice designing policy scenarios, use models to simulate their impact, and quantitatively evaluate model results in terms of industry and economy-wide green outlook.
Learners will get access to and practice with web-based green economy models. Through practical exercises, the modules will build the skills of learners on how to design simple to complex, multi-layered sector and economy-wide green policy scenarios, simulate their likely future impacts, and analyse the model results.
Who are the instructors for this module?
Information about the instructors for the five lessons under this module will be released two weeks before the start of the first lesson.
How will the module topics be presented?
The lessons of this module will be presented virtually by assigned instructors through live sessions.
What are the requirements of this module?
Same as the course requirements.
Module 6: Green Policy Design, Implementation, Monitoring and Evaluation
What is the overview of this module?
The focus of this module is on how green economy models help not only design and implement industry and economy-wide policies related to just and inclusive transition, but monitor and evaluate medium to long term performance of the economy in these areas and in terms of meeting a country’s international commitment to reduce emissions. Participants in the course will learn how to: (a) propose specific measures to place the economy on the desired path; (b) use model scenarios and forecasts to forge consensus on future paths of key green economy indicators; and (c) regularly monitor the actual evolution of key macroeconomic indicators against their expected paths.
Overall, the module looks at the articulation between strategy, policy, programme and project management in the context of green economy transition.
Who are the instructors for this module?
Information about the instructors for the five lessons under this module will be released two weeks before the start of the first lesson.
How will the module topics be presented?
The lessons of this module will be presented virtually by assigned instructors through live sessions.
What are the requirements of this module?
Same as the course requirements.
Features
Type & Level
- This course is offered at a level 7 on the NQF and participants are expected to perform at this level.
- It is a non-credit bearing distance learning executive course (Short Learning Programme, SLP).
Teaching Method
- Instructor-led contact lectures that are discussion-focused and cognitively stimulating.
- Provision of the latest theoretical and practical scholarly learning material.
Guidelines
- Attendance at lectures is compulsory.
- Individual assignments may be set during the programme and these must be completed and submitted to the course convener by the date specified. All assignments must show the student(s) number and name (or Learning Group name), title of the assignment and the lecturer’s name.
- Students who cannot complete a module due to work commitments or illness will be permitted to complete the course when it is offered again.
- Students will be asked to complete an assessment of lecturers and the programme. This assessment is intended to assist the programme convener in maintaining and improving the programme’s quality and all constructive comments and suggestions will be welcomed. All students are required to complete and submit the evaluation form.
Logistics
Assessment Criteria
Learners will be deemed competent when/if they can:
- Identify major debates in macroeconomic theory and policy;
- Able to compare and contrast the tenets of main schools of thoughts in economics
- Identify the numerous economic linkages and interactions within the macro-economy
- Discuss how these linkages and interactions affect economic performance
- Explain why economists build economic models
- Explain the major steps of the macroeconomic model-building process
- Identify various macroeconomic modelling techniques
- Explain the contexts in which they are valid
- Explain and interpret their results
- Effectively use ADRS macroeconomic models for various policy demands
- Analyse ADRS model results in terms of the impact and effectiveness of policy scenarios
- Use ADRS model to forecast economic trajectories and appropriate policy responses
- Identify economic strategies for various policy purposes and desired outcomes
- Evaluate the effectiveness of the chosen policy responses.
Assessment Method
- The course will be assessed at NQF Level 7.
- The assessment of participants’ performance will be undertaken at the end of module three and module six of the certificate.
- Levels of understanding and application will be measured through assignments, presentations, and case study work to assess application of conceptual and practical aspects of the material.
- Assignments and exams must be handed at the time and date specified on the front page of the course outline for each module.
- For every week an assignment is late, 5% will be deducted. If submitted one month after the due date, 20% will be deducted from the assignment mark. Assignments will not be accepted, if submitted later than one month after the due date.
- Any person suspected of copying or plagiarising will be handed back their assignment unmarked. Students are warned that they will be penalised, at the discretion of the facilitator(s), if they copy.
Dates
The six modules of this course will be taught intermittently between June and December 2022 as follow:
- Module 1: 6-10 June, 2022
- Module 2: 4-8 July, 2022
- Module 3: 1-5 August, 2022
- Module 4: 2-6 September, 2022
- Module 5: 5-9 November, 2022
- Module 6: 2-6 December, 2022
Certificate
- Once course is successfully completed you may log into your account, view certificate, and select add to LinkedIn. Potential employers and associates will be able to view your certificate. EMA will also endorse your economic modelling skill once you add it into your LinkedIn account.
- There is no additional fee related to your certificate.
- You must complete all classes and assignments to be able to obtain a certificate.
Support
Coordinator
Course coordinator: Dr. Asghar Adelzadeh
The course coordinator is available to respond to questions related to the course content and structure. Go to Contact Us page to submit your inquiry.
Alumni Support
Each graduate will receive support for his or her job search and placement.
Cost
Cost
The total cost of this course includes tuitions and fees and is calculated as:
- Tuition R78 500
- Fees* R16 500
- Total Cost R95 000
* Fees relate to the discounted cost of accessing web-based models during the course and for three months after the course.
Discounts
Enterprises that register a group of their employees for this course will receive total cost discounts based on their group sizes.
Scholarships
EMA provides a limited number of partial scholarships, designed to assist individuals with financial needs and who otherwise have the necessary pre-requisites to take one of the current courses. To apply, please complete this form.
Course Registration & Payment
This course is offered through EMA-GIBS partnership.
Registration and payment for the course is processes by GIBS.
Info brochure
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