Economics provides an understanding of the operations of the economy, including the microeconomic decision-making processes of individuals and firms, and the macroeconomic performance of national economies. Students learn general principles that can be applied to a wide range of economics problems and issues, including modern business, healthcare, environment, the labour market, national economic policy, evaluation, and international monetary issues. Both the theoretical development of concepts and their contemporary and historical application are emphasised.
Economics has existed as a discipline at Wollongong since 1975. It offers a full range of undergraduate and postgraduate subjects. An undergraduate major in Economics is provided together with an honours program and postgraduate courses of study at masters and doctoral levels. The discipline has a very active research profile, attracting regular grant monies from the ARC and other awarding bodies, and ranking highly amongst Australian economics Departments in terms of the output of scholarly publications. It also operates an active seminar program and working paper series. Research specialisations include: Labour and Human Resources, Health Economics, International Trade and Investment, Economics Development and Economic History, Innovation and Business Enterprise.