The objective of this course is to provide the participants with the essential fiscal policy knowledge and skills that are relevant for business success. By the end of this course, the participants will be able to:

Identify and explain the key concepts and principles of fiscal policy, such as government budget, deficit, surplus, debt, etc.
Apply the fiscal policy way of thinking to analyze the behavior and decisions of the government and the fiscal authority
Understand the different types of fiscal policy instruments, such as taxes, subsidies, transfers, public goods, etc., and their effects on income, consumption, saving, and investment
Recognize the role and impact of fiscal policy on economic growth, inflation, unemployment, and trade balance
Evaluate the benefits and costs of various fiscal policy strategies, such as expansionary vs contractionary fiscal policy, automatic stabilizers vs discretionary fiscal policy, fiscal sustainability vs fiscal stimulus, etc., for fiscal policy and business

This course is designed for professionals who want to learn or refresh their knowledge of fiscal policy and its relevance to business. It is suitable for anyone who works in or interacts with the public sector, such as managers, entrepreneurs, consultants, analysts, accountants, lawyers, etc.

Taking this course will help the participants to:

Develop a solid foundation and understanding of fiscal policy and its importance for business
Enhance their critical thinking and problem-solving skills
Improve their decision-making and strategic planning abilities
Increase their awareness and appreciation of the fiscal environment and its challenges and opportunities for business
Develop their confidence and competence in applying fiscal policy concepts and tools to real-world business situations

Day One:

Introduction to Fiscal Policy and Government Budget

What is fiscal policy and why is it important for business?
The fiscal policy problem: allocation vs distribution vs stabilization
The fiscal policy way of thinking: opportunity cost, relative prices, and incentives
The concept of government budget: revenues, expenditures, deficits, surpluses, and debt
The measurement of government budget: nominal vs real vs cyclical vs structural
Day Two:

Fiscal Policy Instruments: How They Affect Income and Spending

What are fiscal policy instruments and how do they affect income and spending?
The types of fiscal policy instruments: taxes vs subsidies vs transfers vs public goods
The effects of fiscal policy instruments on income: average tax rate vs marginal tax rate vs tax incidence vs tax efficiency
The effects of fiscal policy instruments on spending: consumption function vs saving function vs investment function vs multiplier effect
The concept of crowding out: definition, determinants, and implications
Day Three:

Fiscal Policy and Economic Performance: How They Influence Growth, Inflation, Unemployment, and Trade Balance

How does fiscal policy influence economic performance?
The concept of economic performance: growth, inflation, unemployment, and trade balance
The relationship between fiscal policy and economic performance: short-run vs long-run vs dynamic effects
The role of expectations in fiscal policy: rational expectations vs adaptive expectations vs forward-looking behavior
The concept of Ricardian equivalence: definition, assumptions, and implications
Day Four:

Fiscal Policy Strategies: How They Affect Fiscal Policy and Business

What are fiscal policy strategies and how do they affect fiscal policy and business?
The concept of fiscal policy strategies: definition, objectives, and features
The types of fiscal policy strategies: expansionary vs contractionary fiscal policy, automatic stabilizers vs discretionary fiscal policy, fiscal sustainability vs fiscal stimulus, etc.
The benefits and costs of fiscal policy strategies: credibility vs flexibility vs accountability vs transparency
The evaluation of fiscal policy strategies: performance vs consistency vs robustness
Day Five:

Fiscal Policy in Practice: How to Apply Fiscal Policy Concepts and Tools to Business Situations

What are some practical applications of fiscal policy for business?
How to use fiscal policy concepts and tools to analyze business problems and scenarios related to government budget and policy
How to use fiscal policy concepts and tools to evaluate business opportunities and threats related to government budget and policy
How to use fiscal policy concepts and tools to design business strategies and plans related to government budget and policy

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.