I'm under the impression that experience is calculated by damage done. This would mean that killing two critters with a single fireball, and killing the same two critters with two separate fireballs, would result in the same amount of experience - but the former would be a more efficient use of magicka.
However this is just speculation on my part, I don't know how I'd go about confirming this. I'll also note that moderators are non-employee volunteers.