By Robert K. Toutkoushian, Michael B. Paulsen

ISBN-10: 9401775044

ISBN-13: 9789401775045

ISBN-10: 9401775060

ISBN-13: 9789401775069

This e-book examines the various ways that monetary innovations, theories and versions can be utilized to ascertain concerns in greater schooling. the themes explored within the publication comprise how scholars make college-going judgements, the payoffs to scholars and society from going to varsity, markets for larger schooling providers, call for and provide in markets for better schooling, why and the way nation and federal governments intrude in better schooling markets, university and college sales and expenses, how associations use net-pricing recommendations and non-price product-differentiation options to pursue their ambitions and to compete in greater schooling markets, in addition to matters regarding school hard work markets. The ebook is written for either economists and non-economists who learn larger schooling concerns and offers readers with historical past info and thorough causes and illustrations of key financial innovations. as well as reviewing the contributions economists have made to the research of upper schooling, it additionally examines fresh study in all the significant topical parts. The ebook is policy-focused and every bankruptcy analyses how modern larger schooling regulations impact the behaviour of scholars, school and/or associations of upper schooling.

"Toutkoushian and Paulsen tried a frightening activity: to write down a ebook at the economics of upper schooling for non-economists that also is priceless to economists. A booklet which may be used for reference and as a textbook for larger schooling sessions in economics, finance, and coverage. They accomplish this hard balancing act with gorgeous luck in a wide quantity that would function the go-to position for someone drawn to the heritage and present pondering at the economics of upper education.”

William E. Becker, Jr., Professor Emeritus of Economics, Indiana University

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Additional resources for Economics of Higher Education: Background, Concepts, and Applications

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The institution must estimate the value of this additional student to the institution, in terms of the net tuition revenue that he or she will add to the institution if admitted, as well as other less-tangible benefits such as how the student affects the institution’s diversity, prestige and reputation. This combined additional value is the applicant’s marginal benefit to the college. The institution would also have to evaluate how much additional costs would be incurred by admitting the student.

In C. ), College choices. Chicago: University of Chicago Press. Ehrenberg, R. (2000). Tuition rising: Why college costs so much. Cambridge, MA: Harvard University Press. , & Lowry, H. (1978). The economic status of women faculty: A reappraisal. The Journal of Human Resources, 13, 385–401. Fisher, I. (1906). The nature of capital and income. New York: Macmillan. Frank, R. (2009). Microeconomics and behavior. New York: McGraw-Hill Irwin. Freeman, R. (1976). The overeducated American. New York: Academic.

This is due to factors such as different home and school environments, different levels or qualities of college-going information available to individuals, different life experiences, differences in socioeconomic status, different moral or religious beliefs, different personalities and more. Variations in interpersonal preferences manifest themselves in many ways. , education or social work). Because of these interpersonal differences in preferences, two students facing the very same budget constraint might decide on two different levels of investment in higher education.

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Economics of Higher Education: Background, Concepts, and Applications by Robert K. Toutkoushian, Michael B. Paulsen

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