The Wine Economics Research Centre was established in February 2010 by the School of Economics and the Wine 2030 Research Network of the University of Adelaide, having been previously a research program in the University's Centre for International Economic Studies.

Its purpose is to promote and foster its growing research strength in the area of wine economics, and to complement the University's long-established strength in viticulture and oenology research.

The University of Adelaide is the Southern Hemisphere's premier wine research and teaching university and is part of the adjacent Wine Innovation Cluster which includes the School of Agriculture, Food and Wine and the Australian Wine Research Institute. Adelaide is the capital of the state of South Australia, where nearly half of Australia's winegrapes and the majority of Australia's wine exports originate. Adelaide has four major wine regions and more than 200 cellar doors within an hour's drive (Adelaide Hills, Barossa Valley, McLaren Vale and Southern Fleurieu/Langhorne Creek), in addition to South Australia's three other key wine regions (Clare Valley, Coonawarra/Limestone Coast and the Riverland). The University of Adelaide is also proudly home to the National Wine Centre of Australia.