The Initiative seeks to focus on key policy-relevant research topics relating to firm, industry and economy-wide performance. It combines economic and multidisciplinary perspectives to advance understanding of current and future sources of prosperity.

The Initiative seeks to develop and apply advanced and innovative tools from economic theory, econometrics, aggregation theory, experimental economics, mathematics and statistics, to address key policy-relevant measurement issues.

The Law & Economics Initiative is a collaboration between CAER, UNSW Business School, UNSW Law and the Herbert Smith Freehills law firm (Sydney). Its main goals are to help establish law and economics in the Australian academia, begin a dialogue with practitioners about developments in the field and developments in practice,and to establish UNSW as a key leader in the field.

With the encouragement and financial support of UNSW alumnus, Mr. Andrew Roberts, the Real Estate Initiative was established in 2012 under the umbrella of the Centre for Applied Economic Research (CAER) within the UNSW Business School. It is a multi-disciplinary initiative, with collaboration between CAER, UNSW Business School and UNSW Built Environment.