US-based professor delivers lecture at Hyderabad varsity
The School of Economics, University of Hyderabad UoH, successfully organised a special public lecture by Prof Badri Narayanan Gopalakrishnan from University of Washington Seattle, USA, recently in the Dr Zakir Hussain Lecture Hall Complex
Hyderabad: The School of Economics, University of Hyderabad (UoH), successfully organised a special public lecture by Prof. Badri Narayanan Gopalakrishnan from University of Washington – Seattle, USA, recently in the Dr. Zakir Hussain Lecture Hall Complex.
While speaking on the topic of Computable General Equilibrium (CGE) Modeling, Professor Gopalakrishnan introduced the concepts of general equilibrium, partial equilibrium and Walras Law before explaining various issues of CGE models or applied general equilibrium (AGE) models. Various components of CGE model like agents, factor endowments, commodities, markets, equilibrium conditions and welfare analysis were discussed.
Few examples of CGE models like GTAP, GLOBE, LINKAGE, USAGE etc. were discussed. He said that GTAP is the only publicly freely available CGE model. He showed an introduction to GTAP model, working with RunGTAP and GTAP data base. Various advantages of CGE models (‘when and where to use CGE models’) compared to other tools were discussed.
The seminar was chaired by Prof. Naresh Kumar Sharma, Dean, School of Economics, UoH. Prof. Phanindra Goyari, faculty in the School of Economics, coordinated this lecture and introduced the speaker to the participants. The seminar ended with the formal vote of thanks by Mr. Utsav Bhadra.
Dr. Badri Narayanan Gopalakrishnan is currently an Economist, wearing three hats - (i) Affiliate Professor, University of Washington –Seattle, USA, (ii) Lead Specialist –Economist at McKinsey & Company, and (iii) Co-founder and Partner at Infinite Sum Modeling. He holds a PhD degree in Economics from IGIDR Mumbai. He has been teaching courses of Global Economic Analysis, Economic Modeling, Computable General Equilibrium Models, International Trade, Econometrics, Environmental Economics etc. He has been guiding PhD scholars and Post-Doctoral Fellows.