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Economics

We build the business cases so that you can build the facilities and services that the community needs.

Economics

We build the business cases so that you can build the facilities and services that the community needs.

If you are a leader faced with a high degree of uncertainty, robust economic analysis can give you the evidence base you need to move forward. Even if the immediate consequences of a strategy or policy choice can be confidently predicted, the later impacts are often opaque which is where economic analysis can help.

Our Economics team develops tailored data-driven methodologies to help you quantify and fully understand the likely outcomes of a new program, investment, policy change or regulatory option.

Our work includes

Cost-benefit analysis and impacts

Major investment decisions and policy changes should benefit your organisation, your target population or society more broadly. Our approach to cost-benefit analysis quantifies both tangible and intangible benefits, such as public safety and health outcomes, to calculate return on investment in complex settings. This can help you at the start of a program to compare options, or at the end to evaluate impact.

Pricing and cost recovery

We optimise pricing and incentives for new and existing products, services and offerings. Compliance with cost recovery guidelines and consumer law is essential to this. Our pricing and cost recovery methods help you establish the appropriate and compliant price for a product or service, while considering commercial realities and business needs. We provide support for government-related cost recovery as well as decisions regarding pricing regulation, subsidies, incentives, taxes and fee setting.

Market design and efficiency

Effective market design takes into account the impact of interventions on market performance. Some government services (particularly health, education and defence) operate in areas where markets do not exist or are heavily regulated. We analyse the rules, procurement and procedures required for effective outcomes in less-than-fully-functioning markets. We consider market contestability, productivity, competition, performance and government stewardship of regulated markets.

OUR APPROACH

How our work combines to support market stewardship or major reforms

MEET OUR CHIEF ECONOMISTS

Steve Corcoran

The Nous approach to cost-benefit analysis is more than just a spreadsheeting task of cost data and revenues. We look at the intangible and tangible benefits to society as a whole, the unintended consequences, and build a compelling case for public investment in your initiative or policy proposal. 

Headshot of Tim Marney

Tim Marney

“Governments and organisations constantly face challenges associated with the allocation of their limited resources to various programs and initiatives to optimise their impact. The Nous approach to providing a rigorous economic evidence base to complex questions helps our clients take decisions to maximise their impact.”

OUR WORK
female physiotherapist helping a senior man

Economic modelling shows the net benefit of physiotherapy 


A wide leafy street in an Australian regional town

Measuring the economic impact of regional universities


INSIGHT

A business case that secures investment requires more than just the numbers 

You’ve identified the problem. You’ve gathered the data to build an evidence base. And you know solving the problem will require significant investment from your government, business or funder. Possible solutions, though, will impact a broad range of people, and funding will be highly contested. To gain traction, you’ll need a business case that wins hearts and minds – and ultimately dollars.

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