Economics of American Universities, The

Economics of American Universities, The

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This book discusses the adjustment of universities to the changing financial environment. Its authors analyze the relationship between higher education inputs and outputs, assess the available information about the determinants of university costs, survey the influence of market conditions and pricing strategies on studentsa€™ demands for attendance at institutions of higher education, summarize research on the objectives for institutions of higher education held by different participants and funders, analyze how universities determine their priorities and relative funding for different activities and disciplines, and explore the economics of universitiesa€™ research functions. In addition, the book addresses three questions regarding the external fiscal environment facing American universities. What are the recent and emerging changes in the key economic variables affecting these institutions? What mechanisms have universities used in the past to cope with tighter financial constraints? What are the implications for university research activities as these institutions adjust to their fiscal constraints?For example, at a university with a regional mission, a decisionmaker might deny resources to a program which primarily serves a national clientele. ... Fenske ( 1980) defines university goals as statements of purpose that fall between broad statements, such as those found in ... provide direction for periods of two or more years while objectives are more specific statements for periods of one year or less.

Title:Economics of American Universities, The
Author:Stephen A. Hoenack, Eileen L. Collins
Publisher:SUNY Press -


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