Providing training on economics.
We collaborate with Marketforce to provide regular economics training courses. Our portfolio of courses includes:
2-day course on utility regulation — covering the rationale for price regulation, how price controls are calculated, the assessment of efficient costs, the basics of cost of capital estimation, mechanisms to deal with uncertainty, and the design of incentive schemes.
2-day course on cost of capital — covering the role of the cost of capital in price regulation and competition policy, the Capital Asset Pricing Model (CAPM), how to estimate of each component of the cost of capital, financeability analysis, alternative models for estimating the cost of capital, and retail margins for asset-light businesses.
1-day course on setting tariffs for utilities — covering tariff setting in the utilities sectors both for network businesses and at retail level.
2-day course on applied competition powers in the utilities sectors — covering competition law and its application in the utilities sectors. Topics include concurrency, market definition, assessing market power, cartels, abuse of dominance, mergers, market studies, market investigations and State Aid.
1-day course on cost-benefit analysis — explaining how to carry out cost-benefit analysis of infrastructure investment or public policy.
1-day course on behavioural economics in the utilities sectors — covering what behavioural economics is, common behavioural biases, the effect of biases on consumer and firm behaviour, and the implications for regulators and policy-makers. Examples focus on the utilities sectors.
1-day course on behavioural economics in the financial services sectors – covering what behavioural economics is, common behavioural biases, the effect of biases on consumer and firm behaviour, and the implications for regulators and policy-makers. Examples focus on the financial services sector.
These courses are typically run twice a year in London, and are attended by delegates from a range of organisations (including both regulators and companies). The courses are presented by senior staff from Europe Economics. The courses are designed to be interactive in style — presentations are interspersed with occasional discussion points, and there are break-out sessions to give delegates the opportunity to apply what they are learning in practical case studies. To book places on these courses, please contact Marketforce or book through the Marketforce website.
Occasionally, in collaboration with Marketforce, the above courses may be delivered in-house to a specific organisation which wishes to train a large number of its staff.
Europe Economics also provides occasional bespoke training courses to its clients in other areas of its business. An example would be a series of training courses on industrial economics that we provided for a competition authority.