IIT Jodhpur sets up research group on mathematical and computational economics

The institute’s Centre for Mathematical and Computational Economics is India’s first academic unit to focus on artificial intelligence applications to economics and economic theories.  

Faculty members associated with the Centre for Mathematical and Computational Economics at IIT Jodhpur.

The Indian Institute of Technology (IIT) Jodhpur has set up a research group on mathematical and computational economics under the School of Artificial Intelligence and Data Science to focus on artificial intelligence (AI) applications to economics and economic theories. 

The Centre for Mathematical and Computational Economics (CMCE) at IIT Jodhpur was established in 2020 as a specialised unit of the multidisciplinary School of Artificial Intelligence and Data Science. The centre aims at improving the understanding of the evolving nature of economics in the internet era.  

Centre gets $20,000 scholarship from Google India 

After only one year of existence, CMCE already has several pioneering research outcomes to its credit. Recently, Dweepobotee Brahma, a faculty member associated with the centre, received a scholarship worth $20,000 from Google India for her ongoing research projects. The CMCE is an interdisciplinary unit that combines knowledge across the disciplines of computer science, engineering, mathematics and statistics.

It is a specialised unit for the research and teaching of economic theory, combined with the use of modern tools of artificial intelligence. The current network of research collaborators of CMCE include faculty from IIT Delhi, Indian Institute of Management (IIM) Bangalore, Ashoka University, Shiv Nadar University, Indian Statistical Institute (ISI) Kolkata, Indian Institute of Science Education and Research (IISER) Bhopal, Maastricht University (the Netherlands), and the Western Michigan University (US), to name a few. 

CMCE is India’s first such academic unit to focus on AI applications to economics and economic theories. Key research areas at CMCE include game theory, mechanism design, market design and auctions, social choice, decision theory, network economics, experimental economics and artificial intelligence and machine learning techniques to economic problems. 

IIT Jodhpur Director Santanu Chaudhury said, “This new CoE at IIT Jodhpur will deeply engage itself into knowledge generation and capacity building programmes in this area leading to new models of financial transactions, negotiations and market analysis. It will definitely make a significant impact in the country’s economic growth and policy outcomes.” 

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