Economics at UTS is a dynamic research group that is committed to the pursuit of excellence in research, teaching and learning, and engagement with the public and private sectors. Our mission is to create an internationally significant program of research and graduate education in Microeconomics and Public Policy.
Even with its relatively short history, the group has won recognition for its outstanding research. In the 2012 Excellence in Research for Australia (ERA) evaluation undertaken by the Australian Research Council, UTS was the only university in NSW, and one of only four in Australia, to be awarded the top rating of 5 out of 5 – well above world standard – for the general submission in Economics, as well as in the categories of Economic Theory and Econometrics. UTS was the only Australian university to secure a top rating for Applied Economics. This success was repeated in the latest 2015 Excellence in Research for Australia (ERA) evaluation where we scored the highest ranking of 5 making our department one of the best economics departments in Australia.
In the 2018 Excellence in Research for Australia (ERA), UTS has increased its research outputs by a massive 50 per cent since the 2015 assessment, while significantly improving the quality of its research. 100 per cent of UTS research in the broad Fields of Research (FOR) is at world standard or above. Drilling down into the four-digit field of research level, 72 per cent of UTS research was rated in the two highest bands, as above or well above world standard – a 10 percentage point rise on the previous review in 2015.
Overall, UTS achieved 19 ratings of ‘5’ – well above world standard – up from 10 ratings of ‘5’ three years earlier. A number of research teams, in particular, Econometrics, have consistently been excellent, receiving a ‘5’ in each of the past three assessments.
Economics at UTS is also highly ranked internationally. It was rated No.1 in Australia in the Thomson Reuters measure of research impact in Economics and Business over a four-year period. In 2019, UTS was ranked in the top 150 Universities worldwide in Economics in the Academic Ranking of World Universities.
The major research strengths of Economics at UTS are in Microeconomic Theory, Behavioural and Experimental Economics, Mechanism and Market Design, Econometric Theory and Bayesian Econometrics, Dynamic Structural Modelling, Applied Econometrics, Agent-based and Nonlinear Dynamic Models, and Microeconomics applied to Health, Labour and other areas of Public Policy.
Our research has been funded by the Australian Research Council, the National Health and Medical Research Council, the European Research Council, the US National Science Foundation, and the US National Institutes of Health. PhD and Postdoctoral Fellows advised by academic faculty of the Economics group occupy positions of leadership in major academic and research centres worldwide.
The UTS Behavioural Laboratory offers state-of-the-art equipment and technologies to support researchers to test theoretical models and to provide practitioners with policy recommendations that have been thoroughly tested in controlled experiments.
Our research is conducted both within the Economics Group and in cooperation with the following research centres:
The Centre for Policy and Market Design (CPMD) is an innovative hub for research, teaching, networking, and practical advice. Members from various disciplines within the Business School combine their different backgrounds and expertise in a single centre to facilitate synergistic research collaborations, broaden the fields of research and expertise, and attract attention and funding from external organisations including businesses, policymakers, and governmental agencies.
CHERE is recognised nationally and internationally as a Centre of Excellence in Health Economics. CHERE’s research broadly covers the financing, organisation and delivery of health services with specific expertise in the financing and the use of health care services, economic evaluation and health outcomes measurement, preferences and decision making in health care, and the health workforce.