This book is intended to provide a basic introduction to the economics of education for individuals with a minimal background in economics. The first half of the book deals primarily with theoretical aspects, such as the demand for education, rates of return to investment in education, and economic growth and education. The second half of the book…

The American Association of State Colleges and Universities (AASCU) cites both economic and noneconomic benefits of a college education in its criticism of current arguments that the value of a college education is declining. Richard Freeman and J. Herbert Holloman have asserted that the value of a college degree is decreasing because its "rate of…

This text examines the economics of education as it exists in the United States. The text begins with a very brief introduction on the history of the financing of education. Then it examines the patterns of educational expenditures from 1960 to 1973, describes the current financial status of education, evaluates the contribution of education to…

At a time when planning becomes more and more essential for American colleges and universities, precise and accurate information about them becomes critical. This document reports on some sophisticated statistical measurements of certain aspects of the supply and demand for students, places for them to attend college, and faculty members to teach…

This document is a supplement or appendix to "Demand and Supply in U.S. Higher Education" (HE 007 085). It is also addressed to those who wish to investigate in more detail the data on which that analysis was based. No attempt was made, however, to make this document self-contained. Chapters cover: (1) demand for places--individual data; (2)…

This collection of nine papers summarize research on the economics of university functioning including production processes, incentives and governance structures, cost and supply behavior, student attendance demands, and funding environments. The nine papers are: (1) "The Higher Education Production Function: Theoretical Foundations and Empirical…

This document studies the changes in the total number of holders of bachelor's and more advance degrees from 1930 to 1971 and provides detailed annual estimates of degree holders in 44 fields. Considered are four possible models that might explain the steady growth in the number of degrees awarded and the changes that occurred in their…

The research project documented in this book is about the allocation of educational resources for secondary education in Great Britain. It re-examines some current assumptions about the allocation of resources in educational administration and in schools. The research attempts to test how far specific or dynamic demand affects the release and the…

This book is designed to give planners of open and distance learning programs the technical information needed to determine the cost of programs and analyze the behavior of costs. The following are among the topics discussed: budgets; classification of resources (human resources, premises and accommodation, and equipment and furniture); a basic…

This book examines three issues that will have a significant influences on all institutions of higher education in the United States: (1) the growth and composition of undergraduate enrollments; (2) the supply of faculty in the academic labor market; and (3) the skyrocketing cost of operating colleges and universities. Part 1 focuses on the demand…