Advanced Energy Economics

Introduction

This GLOMACS Advanced Energy Economics training course will provide you with the essential skills to make effective economic decisions in the Energy Sector by evaluating and balancing both the Economic Benefits and Risks. It will focus on the latest economic factors affecting companies in the sector, focusing on how companies may manage changes in major economic variables such as demand, energy prices, interest rates, and exchange rates. The participants will be introduced to the latest tools and techniques, such as financial derivatives relevant to the energy sector. In addition, they will use simulation techniques to model economic returns and risk management.

This Advanced Energy Economics training course will not only provide with knowledge of the latest tools and techniques, it will also develop the skills so that the participants will be able to transfer those skills to the workplace to make a tangible benefit to your organisation.

Objectives

By the end of this Advanced Energy Economics training course, the participants will learn to:

• Evaluate the economic environment to improve decision making
• Model economic decisions in the energy sector
• Make efficient economic decisions
• Recommend economic methods of finance
• Manage financial and economic risk efficiently and effectively

Training Methodology

The training course will be utilising a variety of proven adult learning teaching and facilitation techniques that include evaluating real-world case studies from the Energy Sector, video, and lecture presentations as well as group discussions.

The participants will be encouraged to actively relate the course's principles and skills to the needs of their workplace to ensure the transfer of skills for organisational benefit.

Organisational Impact

This Advanced Energy Economics training course is designed to provide transferable skills which will directly benefit the organisation.

As a result of sending employees to attend this Advanced Energy Economics training course, the organisational will gain:

• Staff with economic knowledge and understanding
• Informed staff and engaged with the latest developments
• Improved risk management
• Staff with knowledge of the latest tools and techniques
• Improved performance with staff better able to meet customer needs
• Improved finance and risk management culture

Personal Impact

This Advanced Energy Economics training course is designed to give participants the skills required to aid their personal development.

As a result of attending this Advanced Energy Economics training course, the individual will gain:

• Improved analytical skills
• Improved knowledge and understanding
• The ability to apply new skills
• Up-to-date knowledge
• Legal, financial and risk management knowledge and skills
• The ability to improve their roles and career growth