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Economic and Financial Modelling

PART OF THE FINANCIAL MACHINERY OF GOVERNMENT SERIES

$795

A one day workshop

Competencies addressed:

Functional/technical Skills,
Teachnical Learning. Planning


Recent participants say

"This was a stimulating and engaging course with info pitched at an appropriate level. It delivered real value"

"I will be able to apply this course in everyday work. I also have a better understanding of the finances of my area"

"I liked the mix of people on the course and how the presenter drew out the specifics of each person's area"

How to create robust and credible models for policy and operational initiatives.

This is a learn-by-doing workshop where you can create robust and credible models for new initiatives.  You'll be able to use these models to prove and improve the financial and economic impacts of policy decisions and improve value for money.  This workshop makes use of numerous real life examples and practical examples.

For

Principal policy advisors, senior policy advisors, policy advisors and policy analysts, business analysts, economists and managers who require an understanding of economic and financial modelling.

Workshop Objectives

Upon completion of this workshop participants will be able to:
  • Use economic modelling to identify and quantify economic and financial impacts

  • Make informed tradeoffs: Delivering best outcomes by optimising the mix of inputs and outputs while mitigating major risks 

  • Apply intervention logic principles to new initiatives 

  • Incorporate social and economic measures into your modelling

  • Indentify the full costs and benefits of policy initiatives and undertake cost benefit analysis

  • Postively impact on the three Es: Economy, Efficiency and Effectiveness

  • Indentify critical success factors and avoid common pitfalls 


Topics
  • How to design models that link inputs, outputs and outcomes

  • Understanding Value: Value to whom?  How to quantify value.  Value added versus baseline scenario, alignment with Government priorities 

  • Making sure that initiatives are fully costed 

  • When to use standardised templates versus bespoke costing methods 

  • Modelling for options, sensitivities and scenarios 

  • Making best use of funding sources; Crown funding, funding from other agencies, user pays, baseline funded 

  • Modelling for risk; Identifying, catergorising and mitigating risk 

  • Tips for creating robust and accurate models

Cost:
  • $795 + GST


Economic and Financial Modelling
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