Campus Economics (eBook)

How Economic Thinking Can Help Improve College and University Decisions

Sandy Baum, Michael McPherson (Autoren)

eBook Download: PDF

2023
168 Seiten
Princeton University Press (Verlag)
978-0-691-22993-5 (ISBN)

Infos

An invaluable primer on the role economic reasoning plays in campus debate and decision makingCampus Economics provides college and university administrators, trustees, and faculty with an essential understanding of how college finances actually work. Sandy Baum and Michael McPherson explain the concepts needed to analyze the pros, the cons, and the trade-offs of difficult decisions, and offer a common language for discussing the many challenges confronting institutions of higher learning today, from COVID-19 to funding cuts and declining enrollments.Emphasizing the unique characteristics of the academic enterprise and the primacy of the institutional mission, Baum and McPherson use economic concepts such as opportunity cost and decisions at the margin to facilitate conversations about how best to ensure an institution's ongoing success. The problems facing higher education are more urgent than ever before, but the underlying issues are the same in good times and bad. Baum and McPherson give nontechnical, user-friendly guidance for navigating all kinds of economic conditions and draw on real-world examples of campus issues to illustrate both institutional constraints and untapped opportunities.Campus Economics helps faculty, administrators, trustees, and government policymakers engage in constructive dialogue that can lead to decisions that align finite resources with the pursuit of the institutional mission.

Produkt-Details

• Erscheint lt. Verlag: 14.2.2023
• Zusatzinfo: 23 b/w illus. 7 tables.
• Sprache: englisch
• Themenwelt: Schulbuch / Wörterbuch ► Lernhilfen ► Sekundarstufe I
• Themenwelt: Naturwissenschaften
• Themenwelt: Sozialwissenschaften ► Pädagogik ► Erwachsenenbildung
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre
• Schlagworte: Ability to pay • And Interest • Associate Degree • Athletic performance • Austerity • Bachelor's degree • Boutique • Budget • budget constraint • Budgets • Campus • Cartesian coordinate system • class size • Complementary good • Cost–benefit analysis • Cost of attendance • Currency • curriculum development • Customer • Designer • Dynastic wealth • Economic equilibrium • Economics • Employment • Expense • Faculty (academic staff) • Family structure in the United States • Finance • Financial endowment • Fiscal Effort • for men • For-profit higher education in the United States • Full-time equivalent • Funding • Governance • Graduate school • grandparent • gratification • higher education • Household • Illustration • income • inefficiency • Inflation • Institution • insurance • Interest • Investment • J. C. Penney • Labour Economics • liberal arts college • Liberal arts education • List price • Market (economics) • master's degree • middle class • Multinational corporation • NCAA Division III • nest egg • News • No Free Lunch (organization) • Nonprofit Organization • of education • Operating Budget • Operating expense • opportunity cost • Paycheck • percentage • Percentage point • Philosophy • Policy • policy analysis • Private School • private sector • private university • Productivity And Costs • Public institution (United States) • Public university • Rates (tax) • Research Center • Retirement • Retirement Contribution • Revenue • salary • savings account • Social Science • State Government • student loan • Supply (economics) • Tax • Teacher • Testimonial • The Chronicle of Higher Education • Trade-off • Tuition freeze • Tuition payments • United States Department of Education • Values education • vanderbilt university • year
• ISBN-10: 0-691-22993-7 / 0691229937
• ISBN-13: 978-0-691-22993-5 / 9780691229935