Its research informs organisations such as the Foreign and Commonwealth Office, the United Nations, HM Treasury, the Department for Business, Innovation and Skills and the Department for Communities and Local Government and working on consultation projects for blue-chip, global firms.
Some notable staff include Leighton Andrews, New Keynesian economist Huw Dixon, accounting historian John Richard Edwards and neoclassical economist Patrick Minford.
In 1946, professor Brinley Thomas CBE became head of the department and there followed an expansion with the subjects covered to include statistics and accounting.
In 1988, as a result of the merger of UCC with University of Wales Institute of Science and Technology, the economics department at University College Cardiff moved into the recently created Cardiff Business School.
Cardiff Business School was ranked fourth in the 2008 Research Assessment Exercise – RAE in 'Business and Management Studies' subject area.