applied financial programming

AIms of the course

This course is designed to introduce participants to main data-based practical tools for macroeconomic analysis. The aim is to enable students to assess a country’s macroeconomic situation and evaluate medium-term prospects of the economy based on the available statistical data. The course guides participants through a sequence of macroeconomic assessments − sector-by-sector − using case studies based on data from the real economies.

The participants will gain insight into many analytical tools that are used in the applied macroeconomics. During the course, participants will, by using Microsoft Office Excel, learn both how to technically implement these tools and how to interpret the results. The course team is committed to provide you with a meaningful learning experience where you can improve your knowledge and ability to assess and understand a country’s macroeconomic situation.


  • Measuring Economic Activity, Potential Output, and Output Gaps
  • Analysing of Aggregate Demand Components and Growth Decomposition
  • Concepts and Measurement of Inflation
  • Analysis of the Key Labour Market Indicators
  • Public Finance Analysis – Key Fiscal Indicators
  • Monetary Flows and Policy Evaluation
  • Assessment of the External Sector Position

gained skills 

    • Analysing basic macroeconomic data
    • Estimating potential output and calculation of output gaps
    • Identification of the main sources of growth
    • Evaluating labour market situation
    • Measuring inflation and assessment of the sources of inflation
    • Assessment of monetary and fiscal policy
    • Analysing the external position of the country