Do you know the difference between allocative and productive efficiency? Why do economists always talk about market-based mechanisms as the best means for reducing emissions?

Associate Professor Tim Nelson and Associate Professor Dr Joel Gilmore invite you and your colleagues to a unique training opportunity.

Over the course of a day, they will provide five 60-minute modules of content aimed at providing people without formal economics training an opportunity to understand energy economics as it applies to the Australian electricity industry. The course has been designed to focus on economic concepts as they apply to the energy industry for participants with very little formal knowledge of economics.

Unexpended funds from these events will be used to further the good work of the National Council.

The agenda for the day is:

8:30 am: Welcome, registration and coffee

9:00 am: Module 1: Introduction to Energy Economics

10:00 am: Morning Break

10:30 am: Module 2: Production, cost and supply

11:30 am: Module 3: Demand and efficiency

12:30 pm: Lunch and networking

1:30 pm: Module 4: Competition, monopolies and regulation

2:30 pm: Module 5: Externalities and policy corrections

3:30 pm: End of day

To provide an interactive learning environment, participation will be limited to 30 people. All participants will be provided with lecture slides and other relevant material.