Applied Economic Policy Analysis

Day 1:

Foundations of Economic Policy Analysis

• Key Topics:

  • Overview of Economic Policies: Fiscal, Monetary, and Trade Policies.

  • The Policy Cycle: Formulation, Implementation, and Evaluation.

  • Tools for Policy Analysis: Cost-Benefit Analysis, Economic Models.

  • Case Study: Analyzing the Impact of Tax Policy on Economic Growth.

• Outcome: Participants understand the basics of economic policy analysis and its practical implications.

Day 2:

Data-Driven Policy Making

• Key Topics:

  • Sources of Economic Data: National Accounts, Surveys, and Open Data.

  • Data Analytics for Policy Analysis: Descriptive and Predictive Techniques.

  • Visualizing Economic Trends and Indicators.

  • Hands-on Session: Using Statistical Software for Policy Analysis (e.g., R, Python, or Stata).

• Outcome: Participants acquire skills to leverage data for evidence-based policy-making.

Day 3:

Quantitative Techniques in Policy Analysis

• Key Topics:

  • Applied Econometrics for Policy Evaluation.

  • Input-Output Analysis and General Equilibrium Models.

  • Scenario Building and Forecasting.

  • Hands-on Session: Conducting Policy Simulations.

• Outcome: Mastery of quantitative tools to analyze economic policy impacts.

Day 4:

Sectoral Policy Analysis

• Key Topics:

  • Trade and Industrial Policy: Balancing Growth and Competitiveness.

  • Social Policies: Education, Health, and Labor Market Dynamics.

  • Environmental and Energy Policies: Economic Trade-offs and Sustainability.

  • Case Study: Evaluating the Effectiveness of Renewable Energy Subsidies.

• Outcome: Participants develop the ability to evaluate policies in specific sectors.

Day 5:

Policy Design and Implementation

• Key Topics:

  • Designing Effective Economic Policies: Principles and Challenges.

  • Addressing Unintended Consequences and Policy Failures.

  • Stakeholder Engagement in Policy Design.

  • Workshop: Developing a Comprehensive Policy Proposal.

• Outcome: Participants apply their knowledge to create actionable and impactful policy recommendations.