La Trobe University is in serious financial difficulty, which is not surprising given the pressures on universities, and particularly newer universities operating in a “competitive” market that is in fact rigged in favor of the traditional sandstones (like UQ, where I work). Also unsurprising, given past experience, is the decision to make sharp cuts in the economics program. Cutting out economics to focus on business degrees seems to be a routine response of second-tier institutions. But it seems to me to be shortsighted, even in marketing terms. The presence or absence of an economics program is one of the clearest signals of whether or not an institution aspires to be in the top rank.