Tuition Costs
Case Study:
How do rising tuitions impact students, local employers, and educational institutions?
Executive Economics
Outline
Thesis: How do rising tuitions impact students, local employers, and educational institutions?
I. Tuition Costs
A. Enrollment Supply
B. Enrollment Demand
II. Economic Theory
A. Impact on Students
B. Impact on Educational Institutions
C. Impact on Local Employers
III. Higher Educational Costs
A. Advantages (Pros) of Higher Tuition Costs
B. Disadvantages (Cons) of Higher Tuition Costs
IV. Conclusion/Recommendations
This case analysis will be based on the question, “How do rising tuitions impact students, local employers, and educational institutions?” Economists state that this is due to declining external funding, insufficient subsidies to public institutions, and insufficient contributions to private schools. Schools argue that it is due to quality improvements. In answering this question, an evaluation of enrollment demand and supply needs to be addressed in order to determine why tuition costs continue to rise (Fortin).
Tuition Costs On the enrollment demand side, potential students request acceptance to a university or college which increase tuition costs. On the enrollment supply side, universities/colleges supply placement which in turn increase the institutions revenue.
When the demand escalates in relation to supply, tuition costs rises. As the supply shifts left, the demand shifts right and costs soar. In order to reach equilibrium on supply and demand, institutions utilize price and grades (see chart below).
The demand is geared to individuals wanting higher incomes and earnings potential to be greater between high school and college graduates. But to some degree, rising costs can also be due to growth in government loans and grant programs as well
How do rising tuitions impact students, local employers, and educational institutions?
Executive Economics
Outline
Thesis: How do rising tuitions impact students, local employers, and educational institutions?
I. Tuition Costs
A. Enrollment Supply
B. Enrollment Demand
II. Economic Theory
A. Impact on Students
B. Impact on Educational Institutions
C. Impact on Local Employers
III. Higher Educational Costs
A. Advantages (Pros) of Higher Tuition Costs
B. Disadvantages (Cons) of Higher Tuition Costs
IV. Conclusion/Recommendations
This case analysis will be based on the question, “How do rising tuitions impact students, local employers, and educational institutions?” Economists state that this is due to declining external funding, insufficient subsidies to public institutions, and insufficient contributions to private schools. Schools argue that it is due to quality improvements. In answering this question, an evaluation of enrollment demand and supply needs to be addressed in order to determine why tuition costs continue to rise (Fortin).
Tuition Costs On the enrollment demand side, potential students request acceptance to a university or college which increase tuition costs. On the enrollment supply side, universities/colleges supply placement which in turn increase the institutions revenue.
When the demand escalates in relation to supply, tuition costs rises. As the supply shifts left, the demand shifts right and costs soar. In order to reach equilibrium on supply and demand, institutions utilize price and grades (see chart below).
The demand is geared to individuals wanting higher incomes and earnings potential to be greater between high school and college graduates. But to some degree, rising costs can also be due to growth in government loans and grant programs as well
Cited: Coleman, Quaford. "How to Make Wise Career Choices." Gospel Today Mar.-Apr. 2008: 59-62. Columbia. 25 Mar. 2008. <http://www.econ.ubc.ca/nfortin/fortcaned>. Hickey, Jennifer G. "Breaking the Bank to Go to College." 01 Feb. 2002. 5 Apr. 2008 <http://findarticles.com/p/articles/mi_m1571/is_33_18/ai_91475054/print>. Kidder, Virelle. "Impossible Prayers." Pray! Mar.-Apr. 2008: 11. Democratic and Senate Democratic Policy Committee. 5 Apr. 2008 <http://democrats.senate.gov/dpc/docs/college.pdf>. "Trends in College Pricing - 2007." 1 Jan. 2007. 31 Mar. 2008 <http:// www.collegeboard.com/student/pay/add-it-up/4494.html>.