The John Busteed Memorial Prize In Economics

At a glance

  • Value: €350
  • You must be a current UCC Student to be eligible for this prize
  • Questions about this prize can be directed to a.wallace@ucc.ie

 

Professor John Busteed was Professor of Economics and Dean, Faculty of Commerce at University College Cork from 1924 until his death in 1964. He was known as an inspiring teacher and was an enthusiastic supporter of the Adult Education Movement. Professor Busteed served on several Government Commissions, including the "Commission of Inquiry into Banking, Currency and Credit", for which he also wrote a notable Minority Report. He also acted as Chairman of the Joint Unity Committee of the Irish Congress of Trade Unions and the Congress of Irish Unions, which brought about the unification of the trade union movement. For many years he was also an honorary member of the Cork Chamber of Commerce.
Many of Professor Busteed's friends wish to perpetuate his memory and subscribed to a fund to achieve this. This fund was used for a number of years to organise an annual Busteed Memorial Lecture. It will now be used to fund the award of a series of annual prizes to students of Economics.

Eligibility to apply 

An award of €350 will be made to the student who achieves the highest overall mark (i.e. yearswork and summer exam marks) in the current academic year in each of Arts I, II and III and Commerce I, II, III and IV as follows:

  • Arts I and Commerce I - Overall mark in EC1104 and EC1201, respectively;
  • Commerce II and Commerce III - Overall mark in EC2201 and EC2217, respectively;
  • Arts II, Arts III and Commerce IV - Aggregate coursework mark across all Economics modules taken for those students majoring in Economics.

Selection 

In the case of two students achieving the same overall mark, the student with the highest exam mark will be awarded the prize. If this fails to produce a winner, the prize will be awarded on the basis of an interview.

 

*Note: These awards are funded from endowments made by the respective donors to the University for awards to be made in perpetuity. The funds donated are invested, and the annual income is the amount available for the award. Due to fluctuation in the investment market, the amounts available from year to year may vary, upwards and downwards; for this reason, the value of any award referred to in this section is indicative only, and may be higher or lower when the amount of the award is completed.

 

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