Below is a table to help keep the ideas, topics and models we learn about in the class in some kind of order.
Access | Cost | Quality | |
Demand |
Human Capital Model |
Student debt Opportunity cost |
Value added Outcomes Assess. Citizenship |
Supply | Enrolment Mgnt. | Administration Faculty salaries Baumol/Bowen RCM Incremental |
Faculty hiring Research Peer effects |
Equilibrium | Enrolment Graduation rates* |
Distribution of: 1. student aid 2. student debt |
Is Higher Educ a public or private good? |
Other | 2-year, 4-year Public, private For-profit |
2-year, 4-year Public, private For-profit |
2-year, 4-year Public, private For-profit |
Other relevant topics:
The Iron Triangle of Access, Cost and Quality.