NEWS & SUCCESS STORIES

Market Dynamics and Nobel Prize Winning Contribution

One of the most important determinants of economic growth is the supply of goods and services or production. Due to the impact of market dynamics, policymakers aim to determine the best way to use financial tools for sustainable economic growth. Market dynamics are not constant, so it is necessary to reevaluate them before making any business decision or investment. Effective market analysis can help in getting valuable insight into the shifts in the economy, demographics, ongoing marketing trends, competitors, and the traits of customers.  An initiative “Nobel Laureate Talks” has been started to augment the brand value of UMT in order to make it a world-class university. To set forth the initiative, AAQIC in collaboration with the Dr Hasan Murad School of Management (HSM) organized a webinar. Professor Paul Milgrom (Nobel Prize Winner, 2020 in Economic Sciences), Professor at Stanford University, and famous American Economist were invited as a guest speaker to give an exclusive talk specifically regarding his work. Prof. Milgrom presented in detail the auction theory and discussed how his research has formulated the foundations for many online platforms, and how it has benefited the seller to share information among the buyers. The webinar was joined by the students and faculty members. Dr. Naveed Yazdani, Dean HSM Mr. Asif Saeed Haider, Director AAQIC, and Mr. Amir Abbas Chaudhry, GM Accreditations thanked Prof. Milgrom for giving an educational talk.