R-305 Utilities Productivity and Efficiency (March 18-29, 2019)

Course Offering:

Dates: March 18–29, 2019

Location: Washington, DC

Tuition: $5,500

Code: 5101-WA

CEUs: 6.0


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Finanance

For developing economies, productive and efficient utilities continue to be a key factor in the pace of economic growth. This course develops both a conceptual framework about productivity efficiency as well as a comprehensive revision of current methodologies for assessing the productivity and efficiency of different types of decision-making units (particularly, individuals, firms, and industries).

The analyses performed in this course focus on measures of company/industry performances that are of practical relevance to policy makers and/or regulators (e.g., output per employee, profitability, technical efficiency). Through presentations, review of real case studies, and simulated exercises, participants gain knowledge and skills that are used to develop action plans for utility managers and regulators in their own countries.

 

Learning Outcomes:

  • Identify and explain the most common assumptions made about production technologies (e.g., inactivity, no free lunch)
  • Explain the circumstances under which different firm managers may choose to maximize output, minimize input, maximize revenue, minimize cost, maximize profit and/or maximize Total Factor Productivity -TFP
  • Define various measures of technical, scale, mix, allocative, revenue, cost, and profit efficiency
  • Understand empirical works and review technical studies estimating productivity and efficiency in markets/industries
  • Identify the policies that governments might use to target the different drivers of productivity change