INTRODUCTION

The field of macroeconomics has seen significant advancements with the integration of econometric techniques, allowing for a more robust analysis of economic trends and policy impacts. Macro-econometric modeling has become an essential tool for economists, analysts, and policymakers to understand the complex interactions within an economy, forecast future economic conditions, and evaluate the potential outcomes of policy decisions.

EViews, a powerful statistical software package, has emerged as one of the leading tools for econometric analysis, particularly in time series and macroeconomic modeling. Its user-friendly interface and extensive range of functionalities make it an ideal choice for both beginners and advanced users in the field of econometrics.

This course is designed to bridge the gap between theoretical econometrics and practical application, providing participants with the skills and knowledge needed to build and analyze macro-econometric models using EViews. Through a combination of lectures, hands-on exercises, and real-world case studies, participants will gain a deep understanding of the methodologies and techniques used in macro-econometric modeling and forecasting.

 WHO SHOULD ATTEND

This course is designed for economists and financial analysts, policymakers and researchers, graduate students in economics and related fields, and professionals in government and financial institutions, aiming to enhance their expertise in macro-econometric modeling and forecasting using EViews.

 REQUIREMENTS

This training is designed for participants who are reasonably proficient in English and have an understanding of basic ICT concepts.

DURATION

10 Days

COURSE OBJECTIVES

By the end of the course, participants will be able to:

• Develop a strong foundation in macroeconomics and econometrics
• Master the use of EViews software for data analysis, modeling, and forecasting
• Apply econometric techniques to real-world macroeconomic problems
• Build and evaluate macroeconometric models for forecasting and policy analysis

COURSE CONTENT

Introduction to Macroeconomics and Econometrics

• Overview of macroeconomics: key concepts, variables, and relationships
• Introduction to econometrics: the role of econometrics in macroeconomics
• Basic statistical concepts: probability, distribution, hypothesis testing

Introduction to EViews and Data Management

• Overview of EViews software
• Installation and setup
• User interface and navigation
• Importing and exporting data
• Data types and structures
• Data transformation and cleaning

Basic Econometric Techniques

• Descriptive Statistics and Graphical Analysis
• Simple and multiple linear regression
• Assumptions of regression models
• Diagnostic tests and model validation

Time Series Analysis

• Time series concepts and components
• Stationarity and unit root tests
• Building ARIMA models
• Model selection and diagnostics
• Forecasting with ARIMA models

Advanced Econometric Modeling

• Introduction to advanced econometric models such as Generalized Method of Moments (GMM) and Panel Data Models
• Multivariate time series analysis
• Handling structural breaks in econometric models
• Cointegration and Error Correction Models
• Vector Autoregression (VAR) Models

Estimation and Inference

• Estimation techniques for econometric models using EViews
• Interpretation of coefficient estimates and statistical significance
• Assessing model fit and goodness of fit measures
• Granger causality tests

Policy Analysis and Forecasting

• Basics of Structural Equation Modeling (SEM)
• Policy simulation and analysis
• Evaluating forecast accuracy and performance metrics
• Forecasting with exogenous variables and scenario analysis
• Scenario analysis and stress testing
• Practical examples and case studies

Hand-on Exercise

CUSTOMIZED TRAINING

This training can also be customized for your institution upon request. You can have it delivered your preferred location.

For further inquiries, please contact us on details below: 

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mobile: +254 725 771 853

REQUIREMENTS

Participants should be reasonably proficient in English.  

TRAINING FEE

The course fee is KES 135,000.00 or USD 2000.00 exclusive of VAT. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact us below.

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mobile: +254 725 771 853

PAYMENT   

Payment should be transferred to bank before commencement of training.

Send proof of payment to Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

• All requests for cancellations must be received in writing.
• Changes will become effective on the date of written confirmation being received.