Economic Analytics
ECONOMIC ANALYTICS/HNRC 300VH (010)
WEDNESDAYS 5-6:15 p.m./SPRING 2021
GEAR 129
"We are drowning in information and starving for knowledge." - John Naisbitt
The digital revolution ignited an explosion of data. The availability of data is no longer a constraint to answering important questions. The critical constraint is now the ability to analyze, digest, visualize and ultimately harness the data to drive decision making in business, science and society.
Economic analytics combines economic theory and modeling with the latest applied tools in big-data econometrics and machine-learning methods, optimization and computing. These "big-data" skills, combined with knowledge of economic modeling, enables economists to identify, assess and seize the opportunity for data-driven value creation in the private and public sector.
This forum will showcase economics and economists "in the wild." You will get a sneak peek into the diversity of real world problems that can be illuminated by economic analytics and how economists "get their hands dirty" with messy (muddy) real world data. Applications will span issues in education, health, urbanization, poverty, inequality, labor markets, and both firm and individual behavior.
About Raja Kali:
This forum will be team-taught by faculty from the Department of Economics in the Sam M. Walton College of Business. The conductor of the orchestra will be Raja Kali, Professor and Chair of the Economics Department.
Raja Kali is a professor in economics and the ConocoPhillips Chair in International Economics & Business. He received his Ph.D. and M.A. from the University of Maryland at College Park. He also holds a B.Sc. in Economics from the University of Calcutta. His areas of research include networks in trade and finance, industrial organization, development economics, and economics & finance of emerging markets. He received the Faculty Gold Medal from the Office of Nationally Competitive Awards in 2015. Visit his website.