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View the 2016 Harcourt Lecture presented by Professor David Vines
There was a great turnout for the 2016 Harcourt Lecture hosted by the School of Economics, with many braving the weather to hear from Professor David Vines from the University of Oxford. Professor Vines gave a special lecture on ‘Individuals, Institutions and Ideas: Australia’s Macroeconomic Policy-making System from Federation to 2020. Watch the full video […]
Nobel Prize in Economic Science awarded to Oliver Hart of Harvard University and Bengt Holmström of MIT
This year’s Nobel Prize in Economic Science was awarded to Oliver Hart of Harvard University and Bengt Holmström of MIT for their contributions to contract theory. Contracts play an important role in many economic relationships between employers and employees, firms and consumers, and etc. Contract theory studies the optimal way to design contracts to ensure that both parties take mutually beneficial decisions when they have different interests. Holmström’s theories in the […]
SA green shoots but soft fundamentals – NAB
The NAB’s latest State Update for South Australia and State Economic Handbook (the latter covering all states) both indicate that some “green shoots” are emerging in SA, but SA’s economic fundamentals remain “soft” relative to other states. Both reports are available here. The green shoots include improvements in business conditions, business confidence, household income and […]
EU sanctions on Russia: Quo Vadis? – Hein Roelfsema
A few weeks ago, the EU extended its sanctions against Russia for another 6 months. However, some days before that move Russia had already extended its sanctions on the EU for one and a half years. So, this fight is turning out to be a battle of wills or, better, a War of Thrones. Currently, […]
The three ‘C’s for policies to improve national productivity – Dean Parham
The election showed the electorate is fractious and demanding. With narrow-interest parties now elected to parliament, policymaking in pursuit of the long-term national interest is going to be challenging, if not problematic. This comes at a time when the need for Australia to adjust to more-difficult times has become even more pressing. In the background […]
The Citizens Jury and the Proposed Nuclear Dump – Dick Blandy
“Citizens’ jury questions economics of nuke dump” is the headline to Rebecca Puddy’s article on page 2 of The Australian on Monday 11 July, 2016. Ms Puddy’s article begins: “The bid to establish a nuclear waste facility in South Australia has suffered a further setback, after an independent “citizens’ jury” raised concerns about the economic […]
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Services the key to post-election growth – Christopher Findlay
As we move into the post-Federal-election period, there is continuing debate about where growth will come from and what voters thought of the pitches on this question made by the various parties. Data always helps these debates and here’s an example. This is a story about exports – and services exports in particular. An article […]
Brexit: another economics crisis? – Andreas Cebulla
Outside the monetarist and free-marketeer camps, few UK economists advocated Brexit (the few notable exceptions included Cardiff University’s Patrick Minford). In fact, the UK’s most prominent independent economic research centres – the National Institute of Economic and Social Research, the Institute for Fiscal Studies and the Centre for Economic Performance – went as far as […]
Brexit to complicate Australia-EU free trade talks
Two University of Adelaide experts – Director of the EU Centre for Global Affairs Jane Drake-Brockman and Jane Drake-Brockman and the Regional Director (Southeast Asia) of the Institute for International Trade’s Centre for Economic Studies Associate Professor Shandre Thangavelu – have commented on the implications of Brexit for Australia and other Asia-Pacific nations regarding free trade negotiations […]
Trade agreements in a second-best world – public lecture
On July 21, the Institute for International Trade and the School of Economics will host a public lecture at the University of Adelaide by leading trade economist Professor Iwan Azis on the topic of “Trade agreements in a second-best world”. The lecture will examine the challenges and issues that nations face in negotating trade agreements in a less-than-perfect […]
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