Portrait of Professor Caroline Elliott Professor Caroline Elliott

c.f.elliott@hud.ac.uk | 01484 471032


Position: Professor of Industrial Economics, Department of Accountancy, Finance and Economics
Qualifications: BA(Hons), MA, PhD, SFHEA

Research Groups:
Quantitative Analysis in Business Economics and Finance Research Group (QABEF)
Business Education Research Group (BERG)


Caroline has been Professor of Industrial Economics at the University of Huddersfield since January 2014. She is Director for Teaching and Learning in the Business School and leads the Economics and Learning Development Groups. She started her career as a research assistant at the University of Manchester, before working as a lecturer then senior lecturer at Lancaster University. She has also taught at the Universities of Liverpool and Kentucky. Caroline is the editor of Cogent Economics and Finance, and on the editorial board for The Economic Review. She has won a number of awards for teaching, including the inaugural Economics Network Teaching Award, and the Lancaster University Sir Alastair Pilkington Teaching Prize. She has had a long association with The Economics Network, and continues to be an Associate and Departmental Contact for The Economics Network.

Employment History:

  • Professor of Industrial Economics, University of Huddersfield, 2014 onwards
  • Senior Lecturer and previously Lecturer, Lancaster University, 1994-2013
  • Research Assistant, University of Manchester, 1992-1994

1998 PhD Economics and Econometrics University of Manchester
1992 MA Economics University of Manchester
1991 BA Politics, Philosophy and Economics Oxford University

Research and Scholarship

Caroline is an applied Industrial Economist, interested in competitive forces in markets. Currently much of her research focuses on education and cultural markets. In terms of her work on the education sector, Caroline is researching the UK Independent School sector, in light of the fee-setting cartel that operated in the early 2000s. She is also extending her existing research into Business Schools, and in particular MBA degrees. Having previously worked on the UK film industry, Caroline is now extending this work to consider the Chinese and Indian film industries. Caroline also works on the impact of regulation and competition policies on firms’ strategies, considering the threat of regulatory interventions on firms’ behaviour.

Publications and Other Research Outputs


Cook, S. and Elliott, C. (2016) ‘Reflections on preparing a special issueCogent Economics and Finance . ISSN 2332-2039

Elliott, C. and Neal, D. (2016) ‘Evaluating the use of lecture capture using a revealed preference approachActive Learning in Higher Education , 17 (2), pp. 153-167. ISSN 1469-7874

Cook, S. and Elliott, C. (2016) ‘Innovations in Economics Education: An Introduction to Economic and Econometric Tools for Teaching and LearningCogent Economics & Finance . ISSN 2332-2039

Elliott, C., Konara, P. and Wei, Y. (2016) ‘Competition, Cooperation and Regulatory Intervention Impacts on Independent School FeesInternational Journal of the Economics of Business , 23 (2), pp. 243-262. ISSN 1357-1516

Elliott, C (2016) ‘How the Oscars can help Hollywood crack the China marketThe Conversation . ISSN 2044-5032

Izquierdo Sanchez, S., Elliott, C. and Simmons, R. (2016) ‘Substitution between leisure activities: a quasi-natural experiment using sports viewing and cinema attendanceApplied Economics , 48 (40), pp. 3848-3860. ISSN 0003-6846

Elliott, C (2016) ‘Price discrimination isn't only about pink razorsThe Conversation . ISSN 2044-5032

Elliott, C. and Soo, K. (2016) ‘The Impact of MBA Programme Attributes on Post-MBA SalariesEducation Economics , 24 (4), pp. 427-443. ISSN 0964-5292

Johnes, J., Elliott, C. and Lopez Torres, L. (2016) ‘The effects of competition and collaboration on school efficiency: A bootstrapped two-stage DEA of the UK independent school sector’. In: Workshop on Education Economics, March 23rd to 24th, Maastricht University, Netherlands


Elliott, C (2014) ‘Possible Uses of a PRS in Economics Teaching’. In: A Handbook for Teaching and Learning in HE. : Routledge. . ISBN 978-0-415-70996-5


Elliott, C. and Soo, K. (2013) ‘The International Market for MBA QualificationsEconomics of Education Review , 34, pp. 162-174. ISSN 0272-7757


Elliott, C. and Soo, K. (2012) The Returns to an MBA Degree: The Impact of Programme Attributes Lancaster, UK: Lancaster University


Elliott, C. and Simmons, R. (2011) ‘Factors Determining UK Album SuccessApplied Economics , 43 (30), pp. 4699-4706. ISSN 0003-6846

Elliott, C. and Simmons, R. (2011) ‘Advertising Media Strategies in the Film IndustryApplied Economics , 43 (29), pp. 4461-4468. ISSN 0003-6846


Elliott, C., Lenton, P. and Wei, Y. (2010) ‘The Effect of Government Policy on Tobacco Advertising StrategiesBulletin of Economic Research , 62 (3), pp. 243-258. ISSN 0307-3378

Elliott, C. and Wei, Y. (2010) ‘The Impact of Regulatory Intervention on the UK Store Card IndustryInternational Journal of the Economics of Business , 17 (1), pp. 87-98. ISSN 1357-1516

Soo, K. and Elliott, C. (2010) ‘Does Price Matter? Overseas Students in UK Higher EducationEconomics of Education Review , 29, pp. 553-565. ISSN 0272-7757


Elliott, C. and Simmons, R. (2008) ‘Determinants of Box Office Success: The Impact of Quality SignalsReview of Industrial Organization , 33 (2), pp. 93-111. ISSN 0889-938X


2012 onwards, Editor of the journal Cogent Economics and Finance

On the editorial boards of The International Review of Economics Education and The Economic Review

Member of the Royal Economic Society – Economics Network Independent Panel of Experts

Member of the Network of Industrial Economists, organising their 2013, 2004 and 1998 annual conferences.


  • 2010 Best Paper Prize, International Journal of the Economics of Business, with Y. Wei
  • 2001 Winner, Economics Network Award for Outstanding Teaching
  • 1999 British Institute for Energy Economics Jane Carter Prize, with M. Acutt
  • 1998 Sir Alastair Pilkington Lancaster University Teaching Award

Research Degree Supervision

At Lancaster University Caroline supervised three PhD students: on firm size and growth; the environmental Kuznets curve; and the UK film industry.

She is particularly interested in supervising students interested in education markets; the film and music industries; firms’ strategic use of advertising; and the impact of competition policies.

Enterprise Activities

Associate Consultant, ICS Consulting, 2003 onwards

Administrative Responsibilities

  • Director for Teaching and Learning
  • Head of the Learning Development Group
  • Economics subject lead

Teaching and Professional Activities

Caroline teaches the following modules:

  • Year 3 Industrial Economics: module convenor and lecturer
  • Year 3 Economic Theory and Applications
  • Year 1 Introduction to Microeconomics: module convenor and lecturer

Teaching and Professional Activities and Memberships

Economics external examiner for Nottingham Trent University (2016-2020); The University of Chester (2015-2019) Warwick Business School (2012 – 2016). I have previously been an external examiner for The University of Nottingham Business School (2011-2015); The University of Bradford (2006-2010) and the University of the West of England (2004 – 2008).

Associate and Departmental Contact for The Economics Network, running various teaching seminars each year and being on judging panels a number of times.

Member of the A Level Economics Strategic Advisory Committee for Pearson Education, 2012 onwards.

Assessor, Subject Review of Economics, Birmingham City University, 2016.

Assessor, Internal Subject Review of Economics, Newcastle University, 2014.

Assessor, The York Management School Periodic Review, 2012.

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