Nanda Family Graduate Scholarship in Economics

The endowment supporting the Shiva and Elizabeth Nanda Graduate Scholarship in Economics was established in 2021 through a generous gift from Shiva and Elizabeth Nanda. 

At least two scholarships (valued at a minimum of $7,000) will be offered annually in any term to students pursuing a graduate degree in the Faculty of Arts and Social Sciences in the Department of Economics, who are in excellent academic standing, have demonstrated academic excellence and show promise of outstanding achievement with particular emphasis on research ability and originality.

2025 - Alexander Chaudhry (PhD)

I joined SFU In Fall 2025. My interest in macroeconomics was prompted by my tenure at the Bank of Canada as a research assistant, which exposed me to the workings of centralized payment and settlement networks in facilitating the flow of funds through the economy. I was struck by how even the simplest of everyday decisions connect to these complex networks in an ever-changing system as unpredictable but as central to daily life as the weather. My research interests are in how monetary conditions and the features of our financial system influence urban development and the economic structure of cities, with broader implications for economic growth and innovation. Outside of my coursework and research, I enjoy running, playing the drums and reading history books. Following graduation my hope is to work with an economic planning or housing authority, like the City of Vancouver or the CMHC, applying my learnings to help improve operations and address fiscal and economic challenges faced by cities. 

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2025 - Di Hua (PhD)

I joined Simon Fraser University in Fall 2025 to pursue a PhD in Economics. My current research interests focus on microeconomics, particularly the application of game theory. I find economics fascinating for its combination of mathematical rigor with the intuition and sensitivity of the humanities. When abstracting economic phenomena into theoretical models, I recognize that although these models have limitations, they also provide valuable insights. Economists must therefore critically evaluate both theoretical frameworks and empirical evidence. Looking ahead, I aim to deepen my expertise in applied microeconomics and explore how theoretical insights can guide market design and policy formulation, contributing to the advancement of the field.

2025 - Eeshan Bajaj (MA)

I joined Simon Fraser University in Fall 2025 to pursue my Master of Arts in Economics. My interest in economics stems from a fascination with how fiscal and monetary policies shape long-term growth, employment, and inequality. 

Before SFU, I completed my BA in Economics at Laurentian University, where I worked as a Teaching and Research Assistant and as an Assessment, Accounts, and Benefits Clerk at the Canada Revenue Agency. After graduation, I hope to work as an economist in Canada’s public sector or policy research institutions, focusing on inclusive and sustainable economic growth. 

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2025 - Enkhbujin Lkhagvasuren (MA)

I joined Simon Fraser University in Fall 2025 to pursue my Master of Arts in Economics. Growing up in Mongolia, where the economy is highly resource-dependent, I became curious about how large-scale economic policies influence opportunities for growth and stability. My interest deepened during my undergraduate studies at the University of Finance and Economics in Mongolia and later at Dalhousie University in Nova Scotia. Through coursework in monetary policy and advanced macroeconomic theory, as well as my honours thesis on labour force participation in resource-dependent versus non-resource-dependent economies, I discovered a passion for macroeconomics. I enjoy exploring how macroeconomic tools can be applied to real-world challenges, especially in promoting economic stability and improving societal welfare.

My main research interests are in macroeconomics, particularly monetary policy, labour markets, and issues affecting resource-dependent economies. I am a member of the Economics Society at the University of Finance and Economics in Mongolia. After graduation, I hope to pursue a career in the public sector, focusing on economic policy analysis and contributing to practical solutions for labour market and monetary policy challenges. 

2024 - Niloufar Eslah

I graduated with my master's degree from the University of Calgary, and joined SFU’s Department of Economics in the fall of 2024. I am currently a PhD student passionate about pursuing research. Macroeconomics, and economics as a whole, are about studying real life. I enjoy using economic tools in research to uncover the unknown. For me, macroeconomics offers a broader, clearer view of the real world through a wide lens. Following graduation I plan to continue my journey in research, deepening my understanding of the world we live in.

2023 - Mahsa Ghahremani

In Fall 2023, Mahsa started her academic journey with SFU Economics, eager to advance her studies in one of Canada's leading PhD economics programs. With over 6 years of research experience, Mahsa's keen interest in environmental and energy economics is reflected in her two papers published in economics journals. At SFU, she's keen to deepen her understanding of economic theories while persistently exploring climate change and environmental economics.

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About the Donor

Shiva Nanda is an SFU alumnus who graduated with a Master’s Degree in the Department of Economics in 1985. Although it has been more than 30 years since his time at SFU, Shiva still looks back at that period of his life with great fondness, most importantly for the colleagues and professors who left a lasting impact on him. Today, Nanda heads NCS Global in New Hampshire, United States. An entrepreneur at heart, Nanda established the company in 1995 which in the past 26 years, has grown to become a leading provider in E-waste recycling and asset recovery services.

SFU has had a very positive impact on Shiva’s professional and personal development—drawing in his experience forging his own path as a successful entrepreneur, Shiva and his wife, Elizabeth, decided to give back to SFU through the Shiva and Elizabeth Nanda Fellowship in Economics, to support outstanding PhD students at a critical moment in their development as scholars.

Dedicated to the memory of their parents Madhusudan Nanda, Sakuntala Nanda, and Penelope Stetson as well as Nanda's sister and brother-in-law, Sailabala Das and Dr. Suresh Chandra Das, the award is also a tribute to Nanda's late mentors professors Parzival Copes, Zane Spindler, Terry Heaps, and Don DeVoretz.