Welcome to the first episode in our series on the Nobel Memorial Prize in Economic Sciences! In this video, we explore the remarkable contributions of the first-ever Nobel laureates in economics, Jan Tinbergen and Ragnar Frisch, who were honoured in 1969. Their groundbreaking work has had a profound impact on modern economic theory and practice.
Jan Tinbergen is celebrated for developing econometric models that revolutionised economic policy planning, while Ragnar Frisch coined the term "econometrics" and pioneered dynamic models for understanding economic processes. Together, their efforts shaped the future of economics by introducing data-driven analysis and rigorous quantitative methods.
In this video, you'll learn about:
• The history and prestige of the Nobel Prize in Economics
• The innovative contributions of Tinbergen and Frisch to econometrics
• How their work continues to influence policy and economic decision-making worldwide
Stay tuned as we delve deeper into the Nobel Prize winners in economics in future episodes. Make sure to subscribe and hit the bell icon for notifications on new content about everyday economics and current global issues, with a focus on India as well. Please share your suggestions for future topics in the comments below.
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24 сен 2024
