Jodhpur: The Centre for Mathematical and Computational Economics (CMCE) at IIT Jodhpur was established in 2020 as a specialized unit of the multidisciplinary School of Artificial Intelligence and Data Science. The centre aims to improve the understanding of the evolving nature of economics in the internet era. After only one year of existence, CMCE already has several pioneering research outcomes to its credit. Recently, Dr. Dweepobotee Brahma, a faculty member associated with the Centre, received a scholarship worth USD 20,000 from Google India for her ongoing research projects.

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.

Prof. Santanu Chaudhury, Director, IIT Jodhpur said, “Economics, through integration of data science, AI and computational techniques, have become more enabled for quantitative analysis of economies and behaviour and interactions of economic agents. 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. In the age of digital economy, this CoE, being unique in the country, will definitely make a significant impact in the country's economic growth and policy outcomes.”

The CMCE is an interdisciplinary unit that combines knowledge across the disciplines of computer science, engineering, mathematics, and statistics. It is a specialized unit for the research and teaching of economic theory, combined with the use of modern tools of artificial intelligence.

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