Campus economics: how economic thinking can help improve college and university decisions
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Princeton
Princeton University Press
[2023]
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| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | ix, 153 Seiten Diagramme |
| ISBN: | 9780691229928 |
Internformat
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Datensatz im Suchindex
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| adam_text | CONTENTS Acknowledgments ■ ix chapter chapter 1 2 Introduction i Box: The COVID Crisis 7 Box: Socioeconomic and Racial Inequality 9 Colleges, College Students, and College Finances 12 Higher Education Institutions and Degrees Awarded 13 College Enrollment 15 State and Local Funding ofPublic Higher Education 17 College Prices: Sticker Prices and Prices Net ofFinancial Aid 20 College Prices: Net Prices Students Pay 22 Family Incomes 23 Summary 25 Basic Economic Concepts and College Financing 27 Opportunity Cost 28 Total Cost and Net Revenue 3о Marginal Costs and Benefits 31 Demand 33 Price Sensitivity 38 [V]
[vi] chapter chapter з 4 CONTENTS Price Discrimination: Different Prices for Different Students 4° Equity and Efficiency 41 Economies ofScale and Scope 44 Summary: Does Applying Economic Concepts Detract Attentionfrom the Mission ofHigher Education? 47 Building Blocks of College Finance 48 Public, Private Nonprofit, or For-Profit: What’s the Difference? 49 Revenues 5° Tuition Revenues: Gross versus Net 53 The Discount Rate and FinancialAid 54 Expenditures 56 Tuition and Fees, Student Budgets, and Net Price 58 Productivity and Price Increases 60 Box: The Challenge ofMeasuring Productivity: The False Dichotomy of General Education versus Occupational Preparation 63 Is a College a Business? 65 A Distinctive Enterprise 68 Students as Customers 69 Student Choice ղօ Costs and Revenues Should Not Necessarily Dictate Decisions 73 Selective Colleges ^ Summary
CONTENTS CHAPTER 5 CHAPTER 6 CHAPTER 7 [vii] How Should We Think about the Compensation Budget? Salaries, Compensation, and Faculty Status 76 Salaries versus Compensation 77 Keeping Up with the Cost ofLiving 78 Average Salaries and Individual Salaries 78 Variation in Faculty Salaries 79 Nonsalary Compensation 82 Staffing Structure 84 Tenure 85 Alternative Arrangements 90 Summary 92 Box: What aboutAdjuncts? 93 Do We Really Have to Cut the Budget? 96 When Does a Hiring Freeze Make Sense ? 97 Why Are Retirement Benefits an Easy Targetfor Cuts? 98 Cuts to Graduate Programs 99 Deferred Maintenance 100 Noninstructional Expenses 101 What about the Endowment? 102 Box: Some Spending Cuts May Come at a High Cost 103 Box: Administrative Bloat? 104 Can Pricing and Financial Aid Policies Be More Transparent? 107 Background on Financial Aid 109
[viii] chapter chapter 8 9 CONTENTS Ability to Pay versus Willingness to Pay 111 Colleges Must Make Hard Choices 113 FinancialAid versus Other Spending 114 Need-Based versus Non-Need-BasedAid 114 Summary 116 Box: Tuition and Financial Aid: Beyond the Numbers 117 Box: The Strange Reality of Tuition Pricing 118 What Is the Role of College Endowments? The College’s Savings Account 120 Only a Few Colleges Have Large Endowments 123 There Are Good Reasonsfor Colleges to Save 123 Decisions about How to Spendfrom the Endowment May Be Controversial 126 Public Institutions 129 Summary 130 Conclusion: Moving Forward 131 Notes ■ 135 References · 139 Index · 145
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| adam_txt |
CONTENTS Acknowledgments ■ ix chapter chapter 1 2 Introduction i Box: The COVID Crisis 7 Box: Socioeconomic and Racial Inequality 9 Colleges, College Students, and College Finances 12 Higher Education Institutions and Degrees Awarded 13 College Enrollment 15 State and Local Funding ofPublic Higher Education 17 College Prices: Sticker Prices and Prices Net ofFinancial Aid 20 College Prices: Net Prices Students Pay 22 Family Incomes 23 Summary 25 Basic Economic Concepts and College Financing 27 Opportunity Cost 28 Total Cost and Net Revenue 3о Marginal Costs and Benefits 31 Demand 33 Price Sensitivity 38 [V]
[vi] chapter chapter з 4 CONTENTS Price Discrimination: Different Prices for Different Students 4° Equity and Efficiency 41 Economies ofScale and Scope 44 Summary: Does Applying Economic Concepts Detract Attentionfrom the Mission ofHigher Education? 47 Building Blocks of College Finance 48 Public, Private Nonprofit, or For-Profit: What’s the Difference? 49 Revenues 5° Tuition Revenues: Gross versus Net 53 The Discount Rate and FinancialAid 54 Expenditures 56 Tuition and Fees, Student Budgets, and Net Price 58 Productivity and Price Increases 60 Box: The Challenge ofMeasuring Productivity: The False Dichotomy of General Education versus Occupational Preparation 63 Is a College a Business? 65 A Distinctive Enterprise 68 Students as Customers 69 Student Choice ղօ Costs and Revenues Should Not Necessarily Dictate Decisions 73 Selective Colleges ^ Summary
CONTENTS CHAPTER 5 CHAPTER 6 CHAPTER 7 [vii] How Should We Think about the Compensation Budget? Salaries, Compensation, and Faculty Status 76 Salaries versus Compensation 77 Keeping Up with the Cost ofLiving 78 Average Salaries and Individual Salaries 78 Variation in Faculty Salaries 79 Nonsalary Compensation 82 Staffing Structure 84 Tenure 85 Alternative Arrangements 90 Summary 92 Box: What aboutAdjuncts? 93 Do We Really Have to Cut the Budget? 96 When Does a Hiring Freeze Make Sense ? 97 Why Are Retirement Benefits an Easy Targetfor Cuts? 98 Cuts to Graduate Programs 99 Deferred Maintenance 100 Noninstructional Expenses 101 What about the Endowment? 102 Box: Some Spending Cuts May Come at a High Cost 103 Box: Administrative Bloat? 104 Can Pricing and Financial Aid Policies Be More Transparent? 107 Background on Financial Aid 109
[viii] chapter chapter 8 9 CONTENTS Ability to Pay versus Willingness to Pay 111 Colleges Must Make Hard Choices 113 FinancialAid versus Other Spending 114 Need-Based versus Non-Need-BasedAid 114 Summary 116 Box: Tuition and Financial Aid: Beyond the Numbers 117 Box: The Strange Reality of Tuition Pricing 118 What Is the Role of College Endowments? The College’s Savings Account 120 Only a Few Colleges Have Large Endowments 123 There Are Good Reasonsfor Colleges to Save 123 Decisions about How to Spendfrom the Endowment May Be Controversial 126 Public Institutions 129 Summary 130 Conclusion: Moving Forward 131 Notes ■ 135 References · 139 Index · 145 |
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| isbn | 9780691229928 |
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| spelling | Baum, Sandra R. Verfasser (DE-588)17002718X aut Campus economics how economic thinking can help improve college and university decisions Sandy Baum, Michael McPherson Princeton Princeton University Press [2023] ix, 153 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier EDUCATION / Administration / Higher BUSINESS & ECONOMICS / Decision-Making & Problem Solving BUSINESS & ECONOMICS / General Universities and colleges - Finance Universities and colleges - Administration - Decision making Finanzierung (DE-588)4017182-6 gnd rswk-swf Hochschule (DE-588)4072560-1 gnd rswk-swf Hochschule (DE-588)4072560-1 s Finanzierung (DE-588)4017182-6 s DE-604 McPherson, Michael S. 1947- Verfasser (DE-588)131682644 aut Erscheint auch als Onlineausgabe 978-0-691-22993-5 Digitalisierung UB Bamberg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034074035&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Baum, Sandra R. McPherson, Michael S. 1947- Campus economics how economic thinking can help improve college and university decisions EDUCATION / Administration / Higher BUSINESS & ECONOMICS / Decision-Making & Problem Solving BUSINESS & ECONOMICS / General Universities and colleges - Finance Universities and colleges - Administration - Decision making Finanzierung (DE-588)4017182-6 gnd Hochschule (DE-588)4072560-1 gnd |
| subject_GND | (DE-588)4017182-6 (DE-588)4072560-1 |
| title | Campus economics how economic thinking can help improve college and university decisions |
| title_auth | Campus economics how economic thinking can help improve college and university decisions |
| title_exact_search | Campus economics how economic thinking can help improve college and university decisions |
| title_exact_search_txtP | Campus economics how economic thinking can help improve college and university decisions |
| title_full | Campus economics how economic thinking can help improve college and university decisions Sandy Baum, Michael McPherson |
| title_fullStr | Campus economics how economic thinking can help improve college and university decisions Sandy Baum, Michael McPherson |
| title_full_unstemmed | Campus economics how economic thinking can help improve college and university decisions Sandy Baum, Michael McPherson |
| title_short | Campus economics |
| title_sort | campus economics how economic thinking can help improve college and university decisions |
| title_sub | how economic thinking can help improve college and university decisions |
| topic | EDUCATION / Administration / Higher BUSINESS & ECONOMICS / Decision-Making & Problem Solving BUSINESS & ECONOMICS / General Universities and colleges - Finance Universities and colleges - Administration - Decision making Finanzierung (DE-588)4017182-6 gnd Hochschule (DE-588)4072560-1 gnd |
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