Welcome to the School of Economics

The teaching of economics in the University began in 1901, with the first professor appointed in 1929. A separate Department of Economics was established in 1946. Former Professors in the School include Leslie Melville, Edward Shann, Brian Tew, Peter Karmel, Eric Russell, Frank Jarrett, Geoffrey Harcourt, Cliff Walsh and Jonathan Pincus.

The School of Economics is located in the Faculty of the Professions, which also includes the School of Architecture, Landscape Architecture and Urban Design, the School of Education, the Business School and the Law School. The current Executive Dean of the Faculty is Professor Pascale Quester.

ARC GRANT SUCCESS

Professor Jiti Gao - New estimation and testing issues in nonlinear time series econometrics.  $650K over 5 years. The outcome of this project will not only complement but also enhance the existing strengths of Australian researchers in the field of econometrics.  The outcomes are also expected to help stabilise the national financial market for more accurate forecasts and provide models to respond to climate change and variability and to provide accurate warming estimates for improving the policy making process.

Professor Mark Weder, Professor Fabrice Collard and Dr Jacob Wong - Understanding the Effects of News Shocks on Macroeconomic Fluctuations.  $186K over 3 years.  The aim of this project is to construct and analyze models of economic fluctuations in which arrival of news concerning future innovations in economic fundamentals can have substantial effects on current economic activity.  The project will focus on understaning how news about expected technological innovations will affect labour productivity, by reallocation of workers across sectors of the economy in response to news about productivity shifts across sectors of the economy  It will quantitatively account for the inconsistent relationship between average labour productivity and unemployment rates across different recessionary episodes.

AARES CONFERENCE - ADELAIDE - FEBRUARY 2010

A host of Australasian and international speakers will be in Adelaide to speak at the 2010 Conference, which promises to be an informative and dynamic event, click here for further information.

It is less than 4 weeks to the 2-day workshop on "The World's Wine Markets by 2030:  Terroir, Climate Change, R&D, and Globalization", to be held at the Adelaide Convention Center on 8-9 February.  With contributions from domestic and overseas research organizations, academia and the media as well as industry leaders, this promises to be a lively and informative forum for discerning the industry's near and longer-term prospects.  Click here to see the program and plenary speakers.

New Resource - Agricultural Distortions Database Reporter

Prof. Kym Anderson led from 2006 to 2009 a ground-breaking World Bank study to measure distortions to agricultural incentives in 75 countries over the past 50 years.  One great public benefit of this project is that it provides, for the first time, comprehensive, estimates of policy indicators, as well as their underlying data on prices, production, consumption and trade.  This database, compiled by Kym Anderson and Ernesto Valenzuela, can be accessed from the World Bank's project's website at www.worldbank.org/agdistortions.

The Centre for International economic Studies (CIES) of The University of Adelaide, under the leadership of Dr Ernesto Valenzuela, has converted the data from this project to a more user-friendly web interface enabling users to create their own tables and graphics.  The menu-driven items facility include data not only by country but also for major regions and broader country groups and fro the world as a whole, allowing one to generate national shares of country group or global data.

The interactive report-builder can be freely accessed at http://cies.adelaide.edu.au/agdistortions/database/report

Reprint - Global wine markets, 1961 to 2003: a statistical compendium

By Glyn Wittwer and Kym Anderson

The University of Adelaide Press in conjunction with Professor Kym Anderson has organised to reprint this publication. A PDF is available for download at the University Press website www.adelaide.edu.au/press, three other publications have been reprinted with an updated set of the Joseph Fisher Lecture Series pending.

GTAP Research Fellow 2009-2012

Congratulations to Dr Ernesto Valenzuela who has received the award of "GTAP Research Fellow 2009-2012", a recognition given to only 5 people every year. Dr Valenzuela was awarded this distinction at the Twelfth Annual Conference on Global Economic Analysis for hard work in his respective fields. The GTAP website is (http://www.gtap.org)