Program Schedule
TIME
ACTIVITY
10:00 AM – 11:00 AM
(1 hour)
Registration and Arrival of Participants
DISCUSSANT
11:00 AM – 11:15 AM
(15 minutes)
Welcome Remarks
Undersecretary Heherson M. Asiddao
DICT
Opening Activities
-
House rules
-
Overview of activities
-
Levelling of expectations
Overview of the Training Seminar
-
Structure of the Training
-
Previous PPP trainings
-
Discussions of Impressions; Setting Expectations and Objectives
-
NEDA and PPP Center Project Evaluation Requirements and Role of this Training
11:15 AM – 12:30 noon
(1 hour and 15 minutes)
Economic Foundations of PPPs
-
Economic Foundations of PPPs
-
Economics as the Foundation of for Project Development and PPP
-
Scarcity, Decisions, and Choices
-
Definition of Economics - Elements of Choices and Decisions
-
The Concept of Opportunity Cost
-
Marginalism – Only the Changes Count
-
The Law of Comparative Advantage – Do the Things You are Best at, with the Least Opportunity Cost
-
Efficient Markets – There is no Such Thing as Free Lunch
-
-
Economic Profit vs Accounting Profit
-
Introduction to Economic vs Financial Analysis
Ronilo M. Balbieran
Program Manager, Finance, and PPP Specialist
REID Foundation
12:30 PM – 2:00 PM
(1 hour and 30 minutes)
Lunch Break
2:00 AM – 2:30 PM
(30 minutes)
Interactive Session
-
Broad applications of the Concepts of Economic and Accounting Profit in Government Projects (possibly DICT Projects)
-
Discussion of some PPP projects in the past
-
Which DICT Projects can qualify as PPP?
Ronilo M. Balbieran
Program Manager, Finance, and PPP Specialist
REID Foundation
2:30 AM – 3:30 PM
(1 hour)
Theory of Price
-
Value vs. Cost vs. Price
-
Basic Concept of Supply and Demand
-
Efficiencies vs. Deadweight Loss
-
Externalities and Public Goods
-
Concept of Shadow Prices
-
Free Market vs. The Role of Government
-
When is government important? When is it not?
-
Identifying the Optimal Role of PPPs in the role of government
-
Ronilo M. Balbieran
Program Manager, Finance, and PPP Specialist
REID Foundation
3:30 PM – 3:45 PM
(15 minutes)
Health Break
3:45 PM – 4:45 PM
(1 hour)
Intertemporal Choice and the Economics of Investment
-
Understanding the Time Value of Money
-
Interest Rate as the Price of Money Across Time
-
Risk-Return Trade-off: Risks and Interest Rates
-
Concepts of Nominal Returns vs. Net Present Value
-
Internal Rate of Return
-
“The Discount Rate” – Social Discount Rate and Weighted Average Cost of Capital (WACC)
-
Basic Principles of Valuation
-
Applied to Valuation of a Company or a Project
-
-
Examples Demonstrating the Critical Role of Valuation in PPP Projects
-
Why bids in PPP differ significantly
-
Ronilo M. Balbieran
Program Manager, Finance, and PPP Specialist
REID Foundation
4:45 PM – 5:00 PM
(15 minutes)
Open Forum
Closing Activities
-
Announcements and reminders for Day 2
References
01
Please click the underlined title to access the Pre-Test of the event or scan the provided QR code in this website.
03
PowerPoint Presentations will be uploaded in this drive. Click the underlined title for accessing the Google Drive.