HEC Lausanne and ISET Conduct a Joint Workshop on Economic Theory
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On Monday, February 15th, ISET and the Faculty of Business and Economics of the University of Lausanne (Switzerland) jointly organized a workshop on economic theory and related fields. The workshop took place in the conference hall at ISET from the afternoon until the late evening, interrupted only by various coffee breaks, which gave the attending students from ISET and HEC Lausanne the opportunity to connect with the presenters, build up their professional networks, and discuss frontier research in economics.
The most senior speakers of the workshop were international academics associated with ISET and HEC Lausanne.
Daniel Levy, who is teaching at ISET but has his main appointment at Bar Ilan University in Israel, spoke about hidden price increases. Yet, how can companies increase prices without customers noticing it? They do it by decreasing the package sizes while not altering the package prices. The paper he presented fathomed this phenomenon empirically and asked how consumers react to such changes.
PMCG Awards 2 Need-Based Scholarships to ISET Students
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This Wednesday, February 10th, Aleksi Aleksishvili, CEO and Chairman of the Policy and Management Consulting Group (PMCG), awarded need-based scholarships to two first-year students – Kristine Bakradze and Tinatin Mumladze. As ISET is a premier graduate education and research institution in the South Caucasus, producing dozens of top-notch young economists every year, PMCG scholarship is a great investment not only in the human capital of Kristine and Tinatin, but also in the future of Georgia and the South Caucasus generally.
Speaking at the ceremony, Mr. Alexishvili emphasized the importance for small countries like Georgia to be as open as possible, attracting high quality human capital from all over the world. He gave the example of his own company, PMCG, which is able to compete in the regional and global markets for policy and management consulting by virtue of employing European and Australian nationals. “In conditions of very scarce natural resources, limited geopolitical and human resources we need more liberal approaches for high quality workforce” – stated Mr. Aleksishvili.
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