Photo: Dr Fiona Cochrane, Jason Ng, Alexander Nichols, Yuchao Xiao, Dr Andrew Cochrane and Professor Owen Hughes.

Three students awarded Cochrane Scholarships

The Donald Cochrane Postgraduate Research Scholarship, created to honour the Faculty of Business and Economics foundation dean, the late Professor Donald Cochrane, has been awarded to three recipients for 2008. Yuchao Xiao from Accounting and Finance share the scholarship with fellow students Jason Ng and Alexander Nichols from Econometrics and Business Statistics.

The Cochrane Scholarship is awarded annually to the most outstanding full-time PhD candidates conducting research in any of the business disciplines. Yuchao's research involves world price sustainability while Jason's research focuses on the development of new methods for the production of accurate forecasts. Alexander received the scholarship for his research on exploration models forecasting the distribution of time dependent data.

The late Professor Donald Cochrane, a distinguished economist, was founding dean of the Faculty of Economics and Politics (now Business and Economics) at Monash University and held office from 1961 to 1981.

This three-year scholarship, valued at $28,000 per annum (plus allowances), is tenable by a full-time PhD candidate conducting research in any of the business disciplines. Applicants need to be graduates with first-class honours in a relevant area of business or commerce.