The Joy of Economics:  Making Sense out of Life

Robert J. Stonebraker, Winthrop University

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Contents
Section I-A: Scarcity and Choice
Section I-B: How do we Choose
Section I-C: Efficiency and Competition
Section II-A: Love and Marriage
Section II-B: Sickness and Death
Section II-C: Crime
Section II-D: Higher Education
Section II-E: Religion
Section II-F: Shopping
Section II-G: Happiness
Section III-A: GDP
Section III-B: Unemployment and Inflation
Section III-C: Deficits and Debt
 

     Section II-D: Higher Education

 

          Training is everything.... Cauliflower is nothing by cabbage with a college degree.
                                                                    ....Mark Twain

 

          Education holds the key to our future.  Want to get a better job?  Get a college education. Want a clearer understanding of the social and political issues of the day?  Get a college education.  Want a broader appreciation of culture and the arts?  Get a college education.  Want to appear more attractive to potential mates?  Get a college education.

          Despite its critical importance, funding systems are controversial and doubts about educational quality persist.  Even more importantly, students often resist learning.  They procrastinate when they should be studying.  They try to avoid challenging classes that might result in low grades.  They skip classes and deliberately choose to limit their efforts.  Is it their fault?  Or is it the fault of poor instructors?  Should we care? Are we teaching the right skills?

          Can economics explain such phenomena?

 

II-D.   Higher education
          1.  Prices, quantities, and quality
               Funding Options
               Attendance Policies
               Why Don't They Learn?
               Educational Lemons
          2.  Issues in teaching and learning
               Never Again; Again
               Grades:  Too High or Too Low?
               Consumption Skills

 

Permission to reproduce or copy all or parts of this material for non-profit use is granted on the condition that the author and source are credited.  Suggestions and comments are welcomed.

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Last modified 07/10/06