The purpose of the course is to train students in theoretical and practical skills of Regulatory Impact Analysis (RIA). Regulatory Impact Analysis (RIA) is an evidence-based approach, which enables decision makers to analyze positive and negative sides of submitted legislative initiatives and their potential quantitative or qualitative impacts.
The course is aimed to train students in regulatory impact analysis and enable them to acquire basic analytical skills of making decisions in public policy.
Target group: Students of the Faculty of Economics and Business, students of public administration, public servants, project management specialists.
Precondition for attending the course: no preconditions
Outcomes of the course:
Upon completion of the course, a participant will have an in-depth knowledge about:
The essence, goals and key aspects of regulatory impact analysis; what agencies are responsible for regulatory impact analysis and what particular regulations are subject to RIA? Data collection and importance of the process of consultations; how should successful consultations be held with stakeholders; Power Interest Matrix; description of problem essence and scale; defining a link between a problem cause and effect – creating a so called “problem tree;” how to develop a basic scenario – so called “status quo;” goal setting, from general goals to specific and operational goals; how should the goals be relevant to SMART criteria (specific, measurable, achievable, relevant, time-bound); importance of alternatives and development of various alternatives (regulatory and non-regulatory) around specific problem solution; analysis of alternatives compared to basic scenario; identification of the spheres of influence (economic, social, environmental, etc.) around a specific problem; identification of objects of influence, i.e. those persons who will be affected by decision making; key aspects of monetization of non-market impacts; difference between financial and economic analysis; cost benefit analysis during qualitative and quantitative research; comparison of alternatives and identification of the best alternative; essence of comparative analysis of alternatives and key characteristics; Cost Benefit Analysis (CBA); Cost Effectiveness Analysis (CEA); Multiple Correspondence Analysis (MCA); analysis of administrative expenses; key elements of Standard Cost Model (SCM); process of implementing a superior alternative; monitoring and assessment of outcomes; difference between ex ante and ex post analysis.
Upon completion of the course, a participant will be able:
To assess any type of regulation (policy) economically, according to the spheres of influence, relevant costs and benefits; to analyze the documents of regulatory impact analysis concerning a number of issues; to prepare the documents of regulatory impact analysis concerning a number of issues; to properly raise a policy problem and define relevant target indicators; to search for alternative ways of problem solution; to collect data necessary for the analysis; to be familiar with the key sources of statistical data; to analyze the results of qualitative and quantitative research and use them in the process of comparing the alternatives; to properly assess administrative expenses from policy making; to differ the aspects of financial and economic analysis; to define stakeholders within a specific policy and analyze their interests and impact; to observe the process of monitoring of regulatory impact analysis; to analyze the process assessments and compare ex ante and ex post analysis with each other.
The course will be led by trainer Natia Suarishvili
Duration: 24 hours
Fee: GEL 300