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Quantification and Monetisation in the Context of Better Regulation (+ Introductory Module)

Enhance your ability to quantify and monetise the impacts of policy interventions with a view to improving the quality and raising the standards of ex ante impact assessments and ex post evaluations carried out by your organisation

About this course

How can you assess the impacts of policy proposals?
How can you enhance your knowledge on methods and tools used to monetise the results and impacts of policies?
What skills you need to develop to help your organisation better design and assess the impacts of policy interventions?

This training will enhance your ability to quantify and monetise the impacts of policy interventions with a view to improving the quality and raising the standards of ex ante impact assessments and ex post evaluations carried out by your organisation, irrespective of whether they are supported by EU funds.

The introductory module: Refresh your knowledge on the key concepts of better regulation (BR) and how they are applied across the policymaking cycle. Learn how the better regulation tools are used in the European Commission (EC), and how regulatory impact assessments and evaluations are conducted in practice.

Core module: Learn how to incorporate tried and tested quantification and monetisation techniques in your impact assessments and evaluations. Understand the use of quantification and monetisation as a key aspect to ensure evidence-informed policymaking. Gain insights into mapping impacts, collecting data to analyse them and a variety of methods for analysing impacts. Gain a deeper understanding of the common methods of valuing impacts (both market and non-market methods).

In this course you will learn:

  • the role and importance of quantification in policy evaluation;
  • to determine the main impacts of policy proposals;
  • to select the relevant data for quantifying the impacts;
  • to select the appropriate method for quantifying the impacts;
  • about the relevance of valuation of impacts.

Course methodology/highlights

The course will be led by experts who have decades of both research and practical experience in the quantification and monetisation of impacts, the relevant methodologies and how these are applied in practice by the European Commission.

The course delivery will combine interactive presentations, showcasing practical examples, quick polls to consolidate concepts and short group exercises.

Do you feel comfortable with the principles of better regulation including ex ante impact assessments and ex post evaluation? Click here to sign up for the core module on its own.

You will be given the slides as well as additional learning material and online resources to help you apply your new knowledge and skills to your work.

Public officials, civil servants, policy analysts who work in government or parliamentary institutions, in EU Member States or candidate countries, similar to the following:

  • better regulation committees/programmes;
  • centres for research and analysis;
  • bureaucracy reduction agencies;
  • budget offices;
  • councils for regulatory impact assessments.

Programme Organiser
Ms Eveline Hermens
Tel: + 31 43 3296259
e.hermens@eipa.eu

Discounts
EIPA member fee
EIPA offers a discount to all civil servants working for one of EIPA’s supporting countries, and civil servants working for an EU institution, body or agency

Who are the supporting countries?
Civil servants coming from the following EIPA supporting countries are entitled to get the reduced fee: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Spain, Sweden.

For all other participants, the regular fee applies

Early bird discount
The early bird discount is not cumulative with other discounts or promo codes, except for the EIPA member fee.

Who are the supporting countries?
Civil servants coming from the following EIPA supporting countries are entitled to get the reduced fee: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Spain, Sweden.

For all other participants, the regular fee applies.

Confirmation
Confirmation of registration will be forwarded to participants on receipt of the completed online registration form.

Payment
Prior payment is a condition for participation.

Cancellation policy
For administrative reasons you will be charged € 50 for cancellations received within 7 days before the activity begins. There is no charge for qualified substitute participants.

EIPA reserves the right to cancel the activity up to 1 week before the starting date. In that case, registration fees received will be fully reimbursed.

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Our experts

Project leader

Nikolaos Sarris

Evaluations and Impact Assessments

Programme

08.45 Registration of participants
09.00 Welcome and introduction to the course
Presentation of lecturers and seminar objectives
Nikolaos Sarris, Evaluation Expert and Miranda Lovell-Prescod, Research Assistant, EIPA
Better Regulation Policy Cycle – Refresher
9.15 Introduction to the better regulation policy cycle – theory, principles and standards
Better regulation is about policymaking in an open and transparent manner. The first session of this training will cover the key concepts and principles of better regulation (BR). We will introduce the policymaking cycle and its sequential phases. We will discuss the importance of evidence in policymaking, the data required to produce it and the pivotal role of intervention logic throughout the policy cycle.
10.00 Policy cycle in practice: ex ante impact assessments
In this session, we will explain the key concepts, principles and methodologies of regulatory impact assessment. We will discuss the important steps to ensure a comprehensive regulatory impact assessment such as defining the problem, setting objectives, developing policy options and assessing the impacts.
Case study
11.00 Break
11.15 Policy cycle in practice: ex post evaluations
In this session, we will explain the key concepts, principles and methodologies of regulatory evaluations. We will discuss the key aspects of a sound ex post evaluation: the intervention logic, evaluation criteria, evaluation questions and the evaluation matrix.
Case study
12.15 Good practices in MSs – common pitfalls and lessons learned
In this session, we will discuss how MSs governments and parliaments aim for better regulation in practice. We will highlight a few examples of interesting tailor-made features embedded within some MSs regulatory systems. Moreover, we will consider the common pitfalls throughout the policy cycle.
13.00 End of introductory module.
09.00 Welcome and introduction to the course
Wim Marneffe, Impact Assessment Expert, Associate Professor at Hasselt University (BE)
Part I
09:15 Why do we need to quantify and monetise the impacts in impact assessments and evaluation studies?
This session sets the scene for the remainder of the course. We will look at what works and where challenges remain. We will first discuss the need for evidence-based policy. Building on this, we will highlight the need for quantification and monetisation in policy evaluation. This will be discussed by way of practical examples from impact assessment and evaluation studies.
10:00 Mapping impacts
In this section we will discuss how to map the relevant (direct and indirect) impacts for policy proposals. We will identify the relevant groups of stakeholders that need to be taken into account, what the typical impacts are for each group of stakeholders and how to properly assign impacts to the correct category. Typical concepts that will be presented are direct vs indirect impacts, one-off vs recurrent impacts, costs vs benefits and private vs social impacts.
11:00 Break
11:15 Analysing impacts: typical methods and how to avoid common mistakes
This section will explain how to search for impacts and to correctly interpret and measure them. We will present the counterfactual analysis, the use of regressions and econometric models in impact assessments, how to show causality and not to mistake it for correlations, as well as how to avoid selection bias
12:00 How do you find relevant data?
In this section we will discuss the typical types of data that you can use to support your study. We will highlight how and where you can find such data and explain how to structure it. We will provide a methodological checklist on selecting the relevant data to be included in tender specifications and consultancy contracts.
13.00 End of the day
Part II
09.00 Valuing impacts: market methods
This day’s sessions will deal with methods used to value impacts. This first session will discuss the main methods used in impact assessment to value market goods. These include cost–benefit analysis, cost-effectiveness analysis, multi-criteria analysis and the standard cost model.
10:15 Valuing impacts: non-market methods
The second session will focus on the valuation of intangible impacts, or the non-market goods. Here we will explain the stated and revealed preferred methods for determining the willingness to pay.
And finally, will conclude the sessions on methods to value impacts with by discussing the vital concept and role of sensitivity analyses in quantification
11.00 Break
11:15 Group exercise
Q & A
12.45 End of the course

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Quantification and Monetisation in the Context of Better Regulation (+ Introductory Module)

11 Apr 2022 - 13 Apr 2022
Online
English

Simultaneous interpretation can be offered. Contact the programme organizer for more information and conditions.

SKU: 2220306
Register before: 4 Apr 2022
 700 per attendee
 630 for EIPA members
Registration closed

Discount policy

EIPA offers a discount to all civil servants working for one of EIPA’s supporting countries, and civil servants working for an EU institution, body or agency.

Who are the supporting countries?

Civil servants coming from the following EIPA supporting countries are entitled to get the reduced fee: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Spain, Sweden.

For all other participants, the regular fee applies.

Early bird discount

For a limited number of training courses, EIPA offers an early bird discount.

For more information please contact us.

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SKU: 2220306
Register before: 4 Apr 2022

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