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Did the Global Financial Crisis Have any Impact on Economics Degree Enrolments?


  • We are indebted to the advice of two anonymous referees. We would also like to thank both John Sloman and John Siegfreid for their help on British and American data on economics degree enrolments respectively.

Alex Millmow, The Business School, University of Ballarat, PO Box 663, Ballarat, VIC 3353, Australia. Email:


The Great Depression is famous for enticing a whole generation of young men and women into studying economics especially in Britain and America and even in this country. What then of the great financial turbulence caused by the subprime crisis? Did it provoke an increase in student interest in economics? Or perhaps the relatively milder traverse Australia has enjoyed over the past three years has meant that student interest was not ignited by what was happening overseas. This paper scrutinises the latest enrolment data for Australia and the other Anglophone countries to ascertain whether there has been any marked increase in economics degree enrolments.