Objective of the course
The course in intended to equip participants with hands-on skills of developing DSGE models from scratch. The course is designed for policy analysts and researchers in government, central banks, academicians and staff of international organisations engaged in policy guidance. The course introduce hands-on basic skills of building a DSGE model, introducing policy simulations and interpretation of results. The details of the course, include;

• Introduction to Matlab and Dynare
• Empirical use of DSGE Models in the world
• Theoretical structure of DSGE Model
• Introduction to inter-temporal analysis
• Hands-on-building of a DSGE model blocks
• Fiscal and monetary policy components in the model
• Advanced optimizing and Rule of thumb consumers
• Calibration of DGSE model
• Introducing shocks in the DSGE model
• Programming Loop-statements the in DSGE models
• Policy simulations
• Impulse response functions
• Interpretation of results and reporting formats

Mode of delivery
The course participants will be trained using a hands-on intensive approach from the first day. Each participant is expected to build a DSGE model from scratch and be able to present results and policy implications by the end of the training workshop. Completion of this course will automatically provide the participant with legibility to continue to take on the advanced DSGE Model course. For the online option, each participant is expected to submit answers to assignments on time to allow the course end within the specified period as extension could come with facilitation costs.