Economics research at Macquarie University was rated at world standard in ERA 2015 and is concentrated in applied economics with a strong focus on macroeconomics, financial economics, energy economics and applied econometrics. Key contributions in these areas are in macroeconomic and financial modelling, macroeconomic policy design, superannuation policy and forecasting economic and financial relationships.
Macquarie has a long history of research excellence at the intersection of macroeconomics and finance with significant funding from the Australian Research Council. Key projects focus on forecasting financial relationships, modelling systemic risk and on designing investment strategies for people nearing retirement. Closely allied work in energy modelling has produced vital research on market design for climate risk abatement and mitigation.
Researchers have made major contributions to various dimensions of government and private sector policies including health – through the Macquarie University Centre for the Health Economy – and also cultural economics, an area in which Macquarie has a long standing international reputation led by Distinguished Professor David Throsby. Macquarie’s contribution to the formulation of cultural policy is actively sought internationally by bodies such as the Australia Council, the World Bank and the Rockefeller Foundation.
Major contributions in cultural economics include analyses of the value and political economy of art, of heritage economics, of Australian box office data and of illegal downloading.
Macquarie has a strong research reputation on transition and emerging market economies. It is renowned internationally for its expertise on Burma, which is sought on a regular basis by international organisations such as the United Nations (UN), World Bank, governments (especially the US), and in public discourse.
Macquarie University research centre
Dr Henry Cutler (Director)