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The Frederic Bastiat Fellowship is designed to introduce graduate students to the Austrian, Virginian, and Bloomington schools of political economy as academic foundations for pursuing contemporary policy analysis. The fellowship provides a total award of up to $5,000, which includes a stipend as well as travel and lodging expenses to attend colloquia hosted by the Mercatus Center. Fellows are required to travel during 6 weekends for these colloquia during the upcoming academic year. The fellowship offers opportunities for professional development in public policy research and outreach. Bastiat Fellows are also eligible to apply for additional conference and research support beyond the initial fellowship award. The program encourages ongoing participation, as fellows can re-apply to the fellowship each year throughout their graduate studies, making it a potentially renewable opportunity for continued professional development and engagement with market-oriented policy analysis.