Established in 2020, the Centre for Mathematical and Computational Economics (CMCE) at IIT Jodhpur has become India's first academic unit to focus on AI applications to economics and economic theories.

“Economics, through integration of data science, AI and computational techniques, have become more enabled for quantitative analysis of economies and behaviour and interactions of economic agents. This new CoE at IIT Jodhpur will deeply engage itself into knowledge generation and capacity building programmes in this area leading to new models of financial transactions, negotiations and market analysis,” said Prof. Santanu Chaudhury, Director, IIT Jodhpur. 

“In the age of digital economy, this CoE, being unique in the country, will definitely make a significant impact in the country's economic growth and policy outcomes,” he added. 

Some of the key research areas at CMCE include Game Theory, Mechanism Design, Market Design and Auctions, Social Choice, Decision theory, Network Economics, Experimental Economics, and Artificial Intelligence and Machine Learning techniques to economic problems. 

The CMCE was established as a specialised unit of the multidisciplinary School of Artificial Intelligence and Data Science. The centre aims to improve the understanding of the evolving nature of economics in the internet era. Moreover, it is responsible for the research and teaching of economic theory, combined with the use of modern tools of artificial intelligence. 

Further to this, the centre conducts frequent research seminars and workshops. It also has plans for an active research visitors programme to provide a platform for engaging in international academic exchanges and collaborations.