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Scholarships, Awards, and Funding

Opportunities for undergraduates

The Economics Department administers several funding awards for undergraduate students. All eligible students in the department are considered for these awards. The department selects awardees based on a combination of academic achievement and financial need. No applications are submitted by students.

Blanche McKenzie Scholarship in Economics

The Blanche McKenzie Scholarship in Economics is an annual scholarship awarded to an undergraduate majoring in economics. It is based on both financial need and academic merit. If, in any given year, there is no student who qualifies for financial need, then the award is given on academic merit alone. The winner is chosen from the pool of Campus Merit Scholars.

About the Blanche McKenzie Scholarship

The Blanche McKenzie Scholarship in Economics was established in 2000 by UC Santa Cruz alumna Randi Novak. Ms. Novak graduated from UC Santa Cruz in 1976 with a degree in mathematics and economics with honors and went on to receive her Ph.D. from the University of Rochester. After spending her early career years as a Russian translator for the University of Chicago and as an engineer at Lockheed, she went on to become well known among Silicon Valley professionals as a ‘start-up cowgirl’ for being instrumental in the start-ups of companies such as Data Encore (a subsidiary of Verbatim), Segue Setups, Silicon Valley Systems, Rapid City Communications, and Trapeze Networks. Novak named the scholarship fund she founded at UC Santa Cruz in honor of Blanche McKenzie, a successful economist who was one of the first woman economists of her time, as well as a humanitarian. McKenzie passed away in 1999. She was survived by a son, a daughter, and her husband, Lionel McKenzie, professor of economics at the University of Rochester, who is recognized worldwide as a ‘guru of mathematical economics’ and, more specifically, as the architect of general equilibrium theory. Blanche and Lionel McKenzie worked together as a team in the Economics Department at the University of Rochester to develop the Ph.D. program into a world-renowned program. She inspired many students. She encouraged the pursuit of education in general, but she especially focused on helping young women pursue higher education. Having earned her master’s degree in economics during the Depression era, when money was scarce and women were rarely encouraged to pursue advanced education, she was acutely aware of the challenges that faced, and continue to face, young women in the world of higher education. 

Eligibility to apply for this scholarship is open to all UCSC students, consistent with state and federal law, the UC Nondiscrimination Statement, and the Nondiscrimination Policy Statement for University of California Publications Regarding Student-Related Matters. Preference is given to economics majors to honor the memory of Blanche McKenzie’s lifelong work of helping women achieve their goals in higher education.

Robert J. Shepherd Economics Accounting Path Scholarship

The Robert J. Shepherd Economics Accounting Path Scholarship Award recognizes one or two students of high academic standing in the advanced accounting series and overall academic merit achieved by economics majors. The award honors the late retired senior lecturer Robert Shepherd and was established by his family members, Kristi Shepherd Patterson and Thomas A. Patterson, in recognition of Shepherd’s pivotal role in shaping and leading the accounting path within the undergraduate economics programs at UC Santa Cruz. 


Opportunities for graduate students

The Social Sciences Division hosts the Milam-McGinty-Kaun Award for Teaching Excellence, established by the late Professor Emeritus of Economics David Kaun, which recognizes outstanding teaching by graduate students. One economics graduate student is selected each year to receive the award. For more details, visit the division’s Scholarships and Awards page.

The Economics Department also administers several additional funding awards to support graduate students. All students in the department who are eligible are considered for these awards based on a combination of academic achievement and financial need.

Quantitative Economics and Finance Fellowship

In 1996, several UC Santa Cruz economics alumni responded to a campaign, initiated by alumnus Robert Holden, to support an Quantitative Economics and Finance Fellowship Fund. The purpose of this endowed fund is to support the graduate program in quantitative economics and finance by rewarding outstanding current graduate students, as well as helping to attract prospective students.

Administered by the Economics Department, the award is based on merit alone, and the selection of the winner(s) is made by the Economic Department’s Faculty Fellowship Committee, in cooperation with the Alumni Fellowship Committee. The winner is chosen from among outstanding prospective and current students in the graduate program in quantitative economics and finance.

Eileen Brooks Memorial Award

The Eileen Brooks Memorial Award is for third-year graduate students in the Department of Economics, with preference given to individuals whose studies focus on international trade. The award is based on academic merit only, defined as a combination of performance in the sequence of coursework in international trade and performance on the international trade field exam. This award was created in honor of our late former faculty member, Eileen Brooks, by her campus colleagues, family, and friends.

About Eileen Brooks

Eileen L. Brooks, assistant professor of economics, joined the UCSC faculty in 2001 after earning a Ph.D. in economics from Harvard University. During her time at UC Santa Cruz, she taught courses in international trade, international economics, and advanced quantitative methods. She was an affiliate of College Nine and a member of the Santa Cruz Institute for International Economics. Brooks passed away after a lengthy illness on February 1, 2006, at the age of 33. Brooks was a 1994 graduate of Massachusetts Institute of Technology, and earned an M. Litt. from Oxford University in international relations in 1996. Among her numerous honors, she was a Rhodes Scholar in 1994–96 and held a Sumner Lichter Fellowship in 1997–98. She received a National Science Foundation Graduate Research Fellowship in 1996–99 and was an EIIT Conference Graduate Student Competition Winner in 2000. In 2000–01, she received a Chiles Fellowship. As an undergraduate at MIT, she received the Robert Muh Award for outstanding undergraduate research and a Kawamura Visiting Fellowship in 1994. In addition to her academic work, she was a short-term policy consultant for the World Bank in 1997 and a neural networks intern for State Street Bank in 1998.

Last modified: May 13, 2025