Research at CBS’ Department of Economics examines companies from a societal point of view, where society is regarded as the environment for the activities of private companies and other organizations.
We do research in applied economics. The aim of our research is to create knowledge about the interaction between society, markets and business. We do this by international and domestic publishing, participation in research networks, educating new researchers (PhD's), entering a fruitful dialogue with business and government, and teaching. Our research includes ‘classical economics’ that analyses how consumers, corporations and governments interact and constitute ’society’. Nevertheless, a great deal of the research takes concrete business problems as its point of departure.
Our core areas are
(1) macroeconomics and economic policy; and
(2) applied microeconomics.
The difference between macro- and microeconomics lies in particular in the perspective one takes on the economy. Macroeconomics focuses on the grand picture of the economy and the interplay between aggregate markets. Microeconomics starts out by analysing individual decision- making by consumers, companies, institutions and governments. It is important to understand microeconomics in order to analyse macroeconomics, so there is a gradual transition between the core areas, and some researchers operate under both.
Research in macroeconomics and economic policy falls especially within public economics, international economics, labour economics, macro finance, empirical macroeconomics and growth economics. Our research in macroeconomics is of socioeconomic relevance and also carries importance to the business community in general.
Our research in applied microeconomics deals with topics within industrial organisation, public economics, international economics and corporate governance. Our research is mainly applied and, more often than not, with a clear business perspective.