The Economics group in LUMS is unusual in that is one of the few groups located within a Management School in the UK. The group is vibrant and has grown substantially in the last five years.

The group has a long history going back to the founding the University (and the establishment of the Journal of Industrial Economics at Lancaster). The work of the group is wide-ranging, covering many sub-disciplines within economics such as sports economics, labour economics, education economics, international economics, and financial markets.

The work of the group has also had significant impact in a number of distinct domains such as gambling and the lotteries, elections and voting, trade liberalisation, anti-dumping policies, game theory, public policy on education and health, and Islamic finance. Methodologically the group has an international reputation for the application and development of nonlinear time series econometrics to issues of international economics, monetary policy, financial markets, forecasting and high-frequency data analysis.

Some of the group’s work is also located in The Gulf One Lancaster Centre for Economic Research (GOLCER), established in May 2008 from a philanthropic donation from Gulf One Investment Bank. GOLCER is a hub for interdisciplinary research in the area of applied econometric modelling, Islamic finance, energy markets and environmental economics.

Some areas of specialisation in the Economics group include:

  • Microeconomic theory
  • Labour and education economics
  • Macroeconomics, international economics and financial markets
  • Sports and health economics