gse consulting day 2010: frontier economics

Student presentation

Barcelona GSE

26th February 2010

● Frontier Economics

● Working at Frontier Economics

● Application

Frontier Economics

Use economics to provide advice in real problems

London (1999)

• Economic consulting firm

• Offices

75 economistsIndependent

andself-owned

Cologne (2003)

Brussels (2006)

Madrid (2008)

We work …

… in many sector and practice areas

Energy

Financial services

Healthcare

Media

Post

Retailing

Telecoms

Transport

Water

Competition policy

Public policy

Regulation

Strategy

Contract design

Dispute support services

Market design and auctions

… on high profile issues

Public policy Health care reform

Competition policy

Competition in UK Supermarket sector

Energy Impact of carbon trading mechanism

Regulation Spectrum valuation and allocation

We advise firms, governments …

… and public institutions

What micro offers

Use microeconomics…

A framework to identify the key issues of our clients’ problems and to understand:

● how markets work

● how incentives play out (market design)

Point towards the empirical exercises that need to be

undertaken in order to answer the questions posed

Tools (many times statistical) to answer these questions

…to advise clients in different mattersIn every case, COMMUNICATION is key – it’s a consultancy business!!

● Frontier Economics

● Working at Frontier Economics

● Application

Stimulating work

Core skills used and practiced on a day-to-day basis

Analytical

Work Management

Consulting

Core skills

● Setting up the economic framework

● Use of quantitative techniques

● Prioritise tasks in order to deliver on schedule

● Ability to work in teams

● Produce clear and accurate written work

● Deal with clients

No fixed teams

Project specific teams assembled

Day to day work at Frontier Economics

Teams

Typical to work on 2/3 projects at a time

Workload

Work in-house

Workplace

Nature of work determined by the projects you are on

Day agenda

Emphasis on career development…

Belief that core skills are common

across projects

Encourage to work across

practice areas

Work and learn from some of the

best economists in their field

Ability to develop specialist skills

Panel data econometrics

Applied / Technical

Auctions

Theoretical

Air transport

Practice Area

…and on working environment

Flat hierarchichal structure

Open space workplace

Extra-labour events

● parties● championships ● trips

● Frontier Economics

● Working at Frontier Economics

● Application

A typical selection process will include…

Submitting your CV and

covering letterInterviews Decision

Can do through our web page:

www.frontier-economics.com

●Chat about:

●CV

●Covering letter

●Case study

Welcome to Frontier

Economics!

1 2 3

Frontier Economics Limited in Europe is a member of the Frontier Economics network, which consists of separate companies based in Europe (Brussels, Cologne, London and Madrid) and Australia (Melbourne & Sydney). The companies are independently owned, and legal commitments entered into by any one company do not impose any obligations on other companies in the network. All views expressed in this document are the views of Frontier Economics Limited.