National Level Workshop on Applied Econometrics
Venue: Computer Lab, 5th Floor, Admin Block
Resource Persons: Dr.Jyoti Manoj and Dr.Nelson Michael J
Number of beneficiaries’ attended Workshop: Students of II and IV Semester MA Economics and external participants, 29 (Internal 14 + External 15)
Name of the Workshop: Two Days National Level Workshop on Applied Econometrics
Programme Outcome: The participants are learned all the econometric tools from the workshop sessions. It was very much useful for their research analysis.
The Department of Economics (PG), Kristu Jayanti College, has organized a National Level Workshop on Applied Econometrics on 24th and 25th of February 2020. The resource persons was Dr. Justin Michael Nelson and Dr. Jyothi Manoj.
Econometrics is the quantitative application of the statistical and mathematical models using data to develop theories or testing existing hypothesis in economics by Adam Hayes, Econometrics has a tremendous scope in the present scenario to understand the policies made by the government and also helps in analyzing economics theories and policies, today it is used among academics as well as the practitioners such as traders and analysts. It was a great opportunity for the students of department of economics (PG) to learn and to have an overview of the subject and also because of the interesting facts and knowledge shared by both the resource persons was appreciate able to make the workshop interesting. We were delighted to see participation from students, research scholars and professors from various institutions across the country.
The programme was Rev Fr Lijo P Thomas, The Financial Administrator of Kristu Jayanti College, Father in his address spoke about the importance of statistics and econometrics in day-to-day life and told his experience about the subject, his words truly enlighten us. Sessions:
It was started with the topic “Introduction to econometrics software- Gretl: Descriptive Statistics & Graphical Representations” and the resource person was Dr Justin Michael Nelson, it was a fruitful session taken by the sir, all the participants got to know the basics of Gretl software and how to use it for statistical analysis.
Then followed by another resource person Dr.Jyoti Manoj, this was the session were most of the participants find it interesting to know about the various linear regression models and learning about Multicollinearity, Autocorrelation and Heteroscedasticity, It was knowledgeable session.
Then after lunch break the participants were taught on the topics like dummy independent variables regression models, also panel data regression models, and followed by topics like time series analysis, it was a really an knowledgeable session taken by both the resource persons.
It was started with topic “Cointegration and error correlation mechanism: concept of causality and followed by most important topics in econometrics which is very helpful for analysis, most of the participants were research scholars, for them it was a knowledgeable session, also followed by topics like box Jenkins models, autoregressive models and modelling volatility using heteroscedasticity, followed by ARCH & GARCH models, that was the last session taken by the resource persons, it was happy moment for the participant and exciting moment for the participants to have an opportunity to learn a subject which is very much useful for the future and it was proud moment for the students MA Economics to conduct and learn for the resource person, now all the participants are waiting for most awaited moment the Valedictory function.
Valedictory has been conducted with the Vote of thanks proposed by Dr.Raju, Assistant Professor, Department of Economics, by thanking the Management, Resource persons, Faculty Coordinator, Faculty members, Participants and supportive staff for the successful completion of the workshop.
Certificates have been distributed for the participants followed by high tea.
2 days National Level Workshop on Applied Econometrics
28th & 29th September 2018
The Department of Economics, Kristu Jayanti College organized a two day national level workshop on “Applied Econometrics” on 28th and 29 September, 2018. The inauguration took place in Conference Hall, PG Block with Dr T Rajendra Prasad, Professor and Chairman, Department of Economics, Bangalore University, as the chief guest who emphasized on the critical importance of Statistics and Econometrics in research and Economics as a whole. Rev. Fr. Josekutty P D, Principal, Prof. Neeta Dwivedi, Coordinator, Department of Economics, and Prof Vinoda Devi, Faculty Coordinator of the workshop were also on the dais.
After the inauguration, participants inclusive of faculties, students and budding researchers from all over India along with students of MA Economics were provided with hands on experience on operating an open source statistical package for Econometrics named Gretl by two eminent resource persons Dr. Nelson Michael, faculty member, School of Management, Kristu Jayanti College and Dr. Jyothi Manoj, Faculty member, Department of Statistics, Kristu Jayanti College, who through their experience explained the application of Gretl. In 2 days workshop, the hands on training were given on some specialized econometric methods like Cointegration, Error Correction Model, Multiple Regression Analysis, ARIMA and Granger Causality Test.
The valedictory session was presided over by Rev. Fr. Josekutty P D, Principal, Kristu Jayanti College, who expressed his overwhelming satisfaction on the organization and success of the workshop. The participants through their feedback expressed their satisfaction in understanding the econometrical tools due to special care taken by the resource persons.
“FOREX FOR YOU”
“Wisdom is not a product of schooling but of the lifelong attempt to acquire it.” ― Albert Einstein
On August 4, 2018 Department of Economics was honored and pleased to organize a workshop on foreign exchange directed by the central institution of our country, The Reserve Bank of India. A team of ten officials from the Foreign Exchange Department, RBI had made the workshop into an insightful and auspicious occasion.
The workshop began with the inaugural function. Shri. P. J Thomas, the Regional Director of RBI, Bangalore graced the occasion as the Chief Guest in the inaugural function, while Shri. R Sudeep, General Manager, Foreign Exchange department, RBI, Bangalore was the Guest of Honour. Rev.Fr.Josukutty P.D, Principal, Kristu Jayanti College presided over the function.
Welcoming the Chief Guest and other dignitaries, Dr.Alosiyous Edward, Dean, Commerce and Management discussed about foreign exchange reserves and the current data pertaining to foreign exchange of India. An introductory session about the workshop was given by Shri. R. Sudeep.
In his presidential address Rev. Fr. Josukutty P.D, Principal, Kristu Jayanti College thanked the RBI officials for this opportunity and also congratulated the Department of Economics for organizing the event.
The workshop was officially inaugurated by the Chief Guest Shri. P. J Thomas which had an appreciative and well- informed knowledge about working of our economy and its adjustments for retaining the foreign reserves.
The first session was taken by Ms. Rashmi. R. Menon, Asst. General Manager, on the topic “Functions of RBI” which covered all the major functions and had gone through different departments of RBI and also mentioned about the job opportunities for the subject economics and its applied research. The second session was taken by Ms. Annie. M. Rajan, Asst Manager, on the topic “Forex Facilities” which had all the information regarding how the banks provide their facilities for FOREX and its functioning for NRIs. The third sessions was taken by Mr. B. R. Devanandan, Manager, on the topic “Foreign Investment and Foreign Trade”. This session explained the FEMA act and its rules and regulations. All the three sessions were very informative and students got their doubts cleared on the FOREX with specialized mentors from RBI.
The workshop was officially concluded by Prof. Neeta Dwivedi, Coordinator, Department of Economics, by extending the vote of thanks.