Nobel Memorial Prize in Economic Sciences
The first prize in economics was awarded in 1969 to Ragnar Frisch and Jan Tinbergen "for having developed and applied dynamic models for the analysis of economic processes". In 2009, Elinor Ostrom became the first woman awarded the prize.
Deutsche Bank Prize in Financial Economics
Eugene F. Fama, Professor of Finance at the University of Chicago Booth School of Business, was the first winner of the prize. He was awarded for his fundamental contributions to financial economics, in particular, for developing and investigating the concept of market efficiency, which is now a cornerstone in the field of finance.
The award was presented at Goethe University Frankfurt on 6 October 2005, preceded by an academic CFS symposium entitled “Market Efficiency Today”.