Economics

College of Humanities and Social Sciences

Honors and Awards

Howard R. Bloch Memorial Scholarship & Thomas Sowell Scholarship

The Howard R. Bloch Memorial Scholarship(s) & Thomas Sowell Scholarships will be awarded to full-time undergraduate students majoring in Economics. In the recent past we have been able to give several awards between $1000 and $3000. Applicants will be selected on the basis of academic merit and financial need, and the process is open to international and domestic students. Applications can be obtained at the Office of Student Financial Aid - South Chesapeake Module. Applications are due in May, and decisions will be made over the summer. Check with the Financial Aid office for more information on scholarships.

Awards for Outstanding Academic Achievement

The Economics Department Awards for Outstanding Academic Achievement are awarded each spring. Students graduating either in the spring, in the following summer, or in the previous fall are eligible, provided the following minimum requirements are satisfied:

  • 3.65 GPA in economics courses at GMU (at least 18 Econ hours at GMU)
  • 3.5 GPA overall (at least 45 total hours at GMU)
  • Those who have already graduated in the previous fall must have completed 60 total hours at GMU and 27 hours of Economics at GMU.
  • The student with the highest overall GPA will receive the Howard R. Bloch Memorial Award.

Omicron Delta Epsilon -- International Honor Society in Economics

All students who qualify for outstanding achievement awards are eligible for membership in Omicron Delta Epsilon, an international honor society in the field of economics and a member of the Association of College Honor Societies. Please see the Omicron Delta Epsilon website for more information and membership application; but remember that Mason requirements are 3.65 in Econ courses and 3.5 overall. Contact the undergraduate administrative assistant to complete your membership application.

GMU NOBEL LAUREATE ESSAY AWARDS

Generally the Economics Department will sponsor three essay contests in the Spring if students demonstrate sufficient interest:

James Buchanan Award

This contest is open to all undergraduate economics majors and minors. Prior award winners are ineligible for this contest. The award's 1st prize is $500 and 2nd prize is $250. To enter the contest, the student must write an essay discussing how public choice theory applies to an everyday problem. The essay must not exceed 5-7 pages or 2000 words in length.

F. A. Hayek Award in Austrian Economics

This contest is open to all undergraduate economics majors or minors. Prior award winners are ineligible for this contest. The award's 1st prize is $500 and 2nd prize is $250. To enter the contest, the student must write an essay on the topic chosen for that year. (Pick up info in Econ dept.) The essay must not exceed 5-7 pages or 2000 words in length.

Vernon Smith Award

This contest is open to all undergraduates who have completed six or fewer credits of economics upper-division coursework. Prior award winners are ineligible for this contest.  The award's 1st prize is $500 and 2nd prize is $250.  To enter the contest, the student must write an essay discussing how economics and individual liberty promote individual and societal well being. The essay must not exceed 5 pages or 1500 words in length.

Spring Awards Ceremony

Finalists for the essay contests and the Outstanding Achievement winners will be notified by email and the awards will be presented at the Spring Awards Ceremony.

Honors in the Major

Students pursuing departmental honors must complete 6 hours of ECON 495 culminating with an original work of research and an oral presentation.  Requirements for departmental honors are in addition to the coursework required for the major.  Students must complete ECON 495 with a grade of B or higher to receive departmental honors.  Economics majors who have completed 90 credits with an overall GPA of 3.50 and a GPA of 3.50 within the major are eligible to apply.  Not all applicants who meet the minimum requirements are guaranteed acceptance.  Applications will be available starting May 1st of each year.  Applications are due by August 1st. 

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