Economics Honors & Awards

Students majoring in economics are eligible for the following honors and awards. Please click the links below for more information.

Honors in the Economics Major

Students must achieve a grade point average of at least a 3.67 in all courses that count toward the major.

Max Hochschild Prize for Excellence in Economics

The Max Hochschild Prize for Excellence in Economics is awarded to the student who submits the best research paper in advanced work in economics. A copy of the prize-winning paper is deposited in the Goucher College Library.

Omicron Delta Epsilon Society


Omicron Delta Epsilon is an International Honor Society in Economics. ODE has more than 640 chapters worldwide. The Goucher College Chapter of the Omicron Delta Epsilon Society was chartered in 2009.

Inducted Members

Each spring, eligible students are inducted into the Omicron Chapter of the Omicron Delta Epsilon Society.

Admission Requirements

The requirements for admission into the Omicron Chapter are as follows:

  • completion of 12 semester hours of economics courses, including one intermediate economics course (EC 311 or EC 312)
  • attainment of at least a 3.5 GPA in all economics courses and a 3.5 GPA overall.

A lifetime membership fee is paid by each prospective member of Omicron Delta Epsilon upon election to the Society. In return, the member receives a membership card, scroll, and a year's subscription (two issues) to The American Economist. The purchase of the official key or pin by the initiates is optional but highly encouraged.

Students interested in more information about the Society should visit the the following link.


The objectives of Omicron Delta Epsilon are:

  • the recognition of scholastic attainment and the honoring of outstanding achievements in economics;
  • the establishment of closer ties between students and faculty in economics within colleges and universities, and among colleges and universities;
  • the publication of its official journal, The American Economist; and
  • the sponsoring of panels at professional meetings as well as the Irving Fisher and Frank W. Taussig competitions.


Chapter activities vary widely, ranging from invited speakers, group discussions, dinners, meetings, and field trips to special projects such as review sessions and tutoring for students in economics.


Pays $1,000 to the winner and $200 to the winner's ODE chapter, with the opportunity to publish in The American Economist.

Provides recognition to student members who assume active leadership roles in their ODE chapters or otherwise make a significant contribution to the chapter activities.

Grants of up to $1,500 are available to ODE chapters to develop innovative programs that promote a closer relationship between and among students and faculty in economics.

Biennially, ODE grants this award to an outstanding economist in recognition of his or her achievements and service both to the economics profession and to ODE.