Organizer: Manav Rachna Centre for Distance & Online Education (CDOE) and Department of Economics, FBSS, MRIIRS
About the Session
- When: May 14, 2022 | 11 AM IST
- Free Session- Open to All
Resource Person: Prof (Dr) Manoj Pandey, Development Policy Centre of the Crawford School of Public Policy, Australian National University (ANU) and a Visiting Lecturer in Economics at the University of Papua New Guinea (PNG)
Abstract: Economists model decision problems and provide insights into how individuals and societies allocate limited resources in the best possible ways. Empirical economists test theoretical predictions and provide evidence for or against those predictions to inform policy decisions. They rely mainly on the econometrics toolbox to analyze datasets. As the size of datasets and the nature of economic problems are rapidly changing, economists must also expand and upgrade their toolkits. This lecture will discuss recent developments in applying data science tools in empirical economics. I will draw insights from the literature to argue that the economics curriculum should embrace data science as an essential add-on. Combining econometrics and data science tools will help better prepare young economists for future opportunities and solve empirical challenges posed by the big data revolution.
Author’s Bio: Prof. (Dr) Manoj Kumar Pandey is at the Development Policy Centre of the Crawford School of Public Policy, and a Visiting Lecturer in Economics at the University of Papua New Guinea as part of ANU’s partnership with UPNG. He is also an Adjunct Fellow at the School of Economics, Faculty of Business and Economics, University of the South Pacific (USP). Prior to joining ANU, he worked as a Fellow in Official Statistics and coordinator of the Official Statistics Programme at the School of Economics, Faculty of Business and Economics, USP. Prior to completing his PhD program at the ANU in 2014, he worked for Australian National University, Institute of Economic Growth (IEG) and National Council for Applied Economic Research (NCAER) in New Delhi, India for about 10 years on various research and teaching positions. His field of research is economics of ageing, development, health, labor, food-security, gender and well-being. His country specific research area includes issues in India, Australia, South Africa, China, Papua New Guinea and other Pacific countries