The Inter-American Program of Applied Macroeconomics has an average duration of 3 semesters and requires full-time dedication. The study program has two stages:

1.-Required courses in the preparation stage: These enable students to complete and update their general economics knowledge, especially in the field of macroeconomics. The courses in this stage strengthen students' training in economic theory and help them develop the capacity to apply their knowledge in specific areas.
The duration of this stage varies from one to three semesters, depending on the initial knowledge level and reinforcement needed by each student at the beginning of the Program. The minimum requirement for the Applied Macroeconomics Seminar (see below) is demonstration of relevant knowledge in the following subjects:

Statistical and Mathematical Methods
Introduction to Microeconomics
Introduction to Macroeconomics
Macroeconomics I
Econometrics I
International Economics
Macroeconomics II
Microeconomics I
Econometric Theory

The students must also take several elective courses, as previously agreed on with the Director of the Program.

2.-Applied Macroeconomics Seminar: This seminar is designed to complete the students' understanding of macroeconomic phenomena at a conceptual level and develop their skills to make quantitative assessments consistent with the macroeconomic outlook, and ultimately to improve their ability to design and implement economic policies.

The seminar is structured in modules taught by different faculty members, all of whom are specialists in their subjects. The content of each module is unique, combining theoretical approaches with review of empirical evidence and methodological aspects, problem definition, policy analysis, etc. Module activities include classes and empirical research, both individual and in groups, oriented towards the understanding of empirical methods and deepening knowledge of each of the parts of a macroeconomic system (real sector, balance of payments, fiscal sector, monetary sector, prices, wages, exchange rates and interest rates) for a country in the region.

In each of the individual projects, the student must use econometric methods to specify and estimate a behavioral function of the selected country to build the macroeconomic model. Each report must emphasize the relevant theoretical and empirical aspects and highlight the limitations of the research.

In the last module and in the final report, all of the empirical tasks, both individual and collective, carried out in the main modules are thoroughly reviewed and integrated into a general equilibrium macroeconomic model of the selected country, which is used to forecast the macroeconomic variables and construct various macroeconomic scenarios.

Seminar Modules

• Applied Econometrics and the Use of Advanced Econometric Software
• National Accounts and Constant Variables
• Growth and Aggregate Supply/Aggregate Demand
• Public Finance
• Balance of Payments
• Monetary Theory and Programming
• Analysis and Forecasting of Current Macroeconomics and Asset Price Outlook
• Macroeconomic Programming Workshop