Ep 15: Economics and STEM: How Economic Modelling Can Help Non-Profit Organisations

About the Guest Dr. Madhumita Iyengar is an economist by profession, advocate for women's empowerment, and community leader. She has a PhD in Economic Modelling from Queensland University of Technology and specialises in Economic evaluation of policies and programs, Impacts analysis, policy and program development and review. She is the Founder Chair of Initiatives for Women in Need (IWiN) and Chair of the Canberra Multicultural Community Forum (CMCF), the peak body representing 110+ member organisations in the ACT. She has also served on various community boards, including Canberra Women in Business and Women Economists Network. Through IWiN, Madhumita has pioneered inclusive initiatives like FEMFEST and symposiums addressing domestic violence, gender inequality, and workplace discrimination, providing culturally safe platforms for marginalized migrant women. Her contributions have earned numerous accolades, including the 2018-19 ACT Multicultural Champion Award. Her latest recognition is as Finalist for the Australian of the Year 2025 award for ACT Local Hero. Madhumita is a passionate advocate for social justice, women's safety, and equitable opportunities for migrant communities. Episode Summary Join Dr. Chloe Lim in this enlightening episode where she converses with Dr. Madhumita Iyengar, a distinguished economist and advocate for women's empowerment. Dr. Iyengar shares her journey into economics, highlighting its integral role as a STEM field and its profound impact on policy-making and community outcomes. As an advocate for social justice, Dr. Iyengar emphasizes the importance of evidence-based economic analysis in driving positive social change, particularly for marginalized groups. Learn about Dr. Iyengar's passion for bridging gaps in policy advocacy within the community sector, using economic modelling to demonstrate tangible community benefits. Featured prominently is her initiative, IWIN, which fosters a safe and supportive environment for multicultural women. Through events and workshops, IWIN raises awareness and empowers women in STEM. Discover the significance of supportive networks and community engagement as Dr. Iyengar discusses her vision for inclusive leadership development and communal support systems. Key Takeaways Dr. Iyengar's career in economic modelling underscores economics as a vital component of STEM, requiring rigorous mathematical analysis to inform policies and programs. The creation of IWIN aims to provide a culturally safe platform for addressing gender inequality and promoting women's rights among migrant communities. Economic impact analysis can play a crucial role in securing funding and demonstrating the effectiveness of community programs. Building support networks for multicultural women in STEM is essential for nurturing talent and fostering empowerment through collective wisdom and shared experiences. Inclusive community engagement and leadership development can drive significant social change and create equitable opportunities for all individuals. Find Out More Dr. Madhumita Iyengar on LinkedIn - Connect with Dr. Iyengar for more insights into her work. Initiatives for Women in Need (IWIN) - Explore the programs and activities led by IWIN to support multicultural women's empowerment. Canberra Multicultural Community Forum (CMCF) - Learn about CMCF's advocacy and community engagement efforts. *Season 2 of CALD Voices in STEM was made possible by YWCA Canberra Great Ydeas Small Grants program.* Please note that this episode discusses domestic violence. If you need help, please see the helplines in White Ribbon. Follow Dr Chloe Lim LinkedIn: https://www.linkedin.com/in/drchloelim/ Facebook: https://www.facebook.com/drchloelim/ Instagram: https://www.instagram.com/drchloelim/