ilmscore | Manaswini Bhalla, Professor of Economics at IIM B on career in economics and economic equality

Predictions from this Video

Total: 4
Correct: 4
Incorrect: 0
Pending: 0
Prediction
Topic
Status
AI will simplify coding and writing for economists, leading to a shift where human intuition and judgment in decision-making will become significantly more important.
"I think with the Advent of artificial intelligence uh you know things will become much more easier for us to do um coding uh writing becomes much more easier... but does that mean that uh the roles change well they will change just that now you have now the human bit the human decision making that error that you mentioned that judgment um you know that luck bit how do you evaluate and dispel that luck bit which cannot be done you know which cannot be accounted for by artificial intelligence all the time is is is going to be the real deal so working on your intuition as an economist and and and using your intuition decision making will be very very much more important as well"
Impact of AI on Economics Careers
Correct
It is not necessary for aspiring PhD students in economics to study abroad, as Indian universities, due to reverse migration of professors, now offer a very similar environment of excellence comparable to foreign institutions.
"our products our profess students who have gone to out of India to do their PHD are now back as professors in Indian universities and cultivating the same environment that you may want to uh be exposed to outside so it's not necessary that you have to go outside to do a PhD you can do you can get a very similar environment with great degree of excellence and pushing the bar all the time when you are doing a PhD or even a master in India"
Higher Education in India
Correct
India's work culture is evolving, and job satisfaction (beyond monetary compensation) will improve in India due to reverse migration and technological advancements, making it more comparable to global standards.
"broad culture of work is evolving in India you may think that India is um you know know cult like work culture wise not at par from abroad but it is and uh many domains you have reverse migration happening and it improves the general quality work uh you know the kind of work standards that we have here and with technology now I don't think the teams are do geographically located and all so I don't think that satisfaction which come which you evaluate of a job which is beyond payment is very different or cannot be improved in India it can be improved in India certainly"
Work Culture in India
Correct
With the rise of artificial intelligence, tasks like coding and writing will become easier, leading to changes in the roles for economists. Human intuition, judgment, and decision-making will become increasingly important, as AI cannot fully account for these subjective elements.
"I think with the Advent of um artificial intelligence uh you know things will become much more easier for us to do um coding uh writing becomes much more easier um uh but does that mean that uh the roles change well they will change just that now you have now the human bit the human decision making that error that you mentioned that judgment um you know that luck bit how do you evaluate and dispel that luck bit which cannot be done you know which cannot be accounted for by artificial intelligence all the time is is is going to be the real deal so working on your intuition as an economist and and and using your intuition decision making will be very very much more important as well"
Impact of AI on Economics Careers
Correct