The Philip David Gray Memorial
Essay Prize in Economics
Each year since 2008 students of economics at Stewart's Melville College have been offered the opportunity to enter an essay competition, where possible on a theme based on the year's Memorial Lecture in Economics. The Essay Prize in Economics is awarded at the school's Prizegiving in June.
| Year | Title | Winner(s) |
| 2011 | Aid vs Trade | Marc Pacitti David Young |
| 2010 | Does Economic Aid Work? | Marc Pacitti |
| 2009 | The Effect of the Economic Downturn on Development Economies | Yuichi Currie |
| 2008 | The Role of the World Bank in Developing Nations | Stephen Ditchfield |