Baku Engineering University (BEU) will host a webinar on "Mathematical approach to the study of socio-economic processes" organized by the Department of World Economy.

The event will be moderated by PhD. in Economics, assoc.prof. Shahriyar Mukhtarov, Head of the World Economy Department.

The keynote speaker will be PhD. in Economics, assoc.prof. Jeyhun Mikayilov, a researcher at the King Abdullah Petroleum Studies and Research Center.

You can join the webinar scheduled for April 22 at 17:30 via the following link: meet.google.com/tpu-aohm-gmz

The webinar will focus on the following issues:

* Philosophy

* Scientific foundations

* Directions for use

* Types

* Modeling

* Forecasting

* Current level of development

Some interesting points to be discussed:

ü Are there laws that govern socio-economic processes?

ü Why don't vaccines (such as Covid-19 vaccines) have the same effect on everyone?

ü Statistician George Box says, "All models are wrong, but some are useful." How to understand this?

ü Optimization (Linear / Nonlinear Programming, Conditional and Unconditional Optimization, CGE (Estimated / Calculated Total Equilibrium) and DSGE (Dynamic Stochastic Total Equilibrium) models).

ü Economometric Modeling

ü Information! "In God, we trust. All other must bring data” W. Edwards Deming.

ü Estimator as a tool we use in every step!

ü Absolute source of determinism and stochastic differences

ü Can more than one thing be true in one issue?

ü Why don't predict forecasts in most cases? 

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