Campus Economics

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A01=Michael McPherson
A01=Sandy Baum
Ability To Pay
Age Group_Uncategorized
Age Group_Uncategorized
Associate degree
Athletic Performance
Austerity
Author_Michael McPherson
Author_Sandy Baum
automatic-update
Boutique
Budget
Budget constraint
Budgets
Campus
Category1=Non-Fiction
Category=GPQ
Category=JNM
Category=KCA
Class size
Complementary good
COP=United States
Cost–benefit analysis
Currency
Curriculum development
Customer
Delivery_Delivery within 10-20 working days
Designer
Dynastic wealth
Economics
Employment
eq_business-finance-law
eq_isMigrated=2
eq_non-fiction
eq_society-politics
Expense
Faculty (academic staff)
Finance
Financial endowment
Fiscal Effort
For Men
Full-time equivalent
Funding
Governance
Grandparent
Gratification
Higher education
Household
Income
Inefficiency
Inflation
Institution
Insurance
Interest
Investment
J. C. Penney
Language_English
Liberal arts education
List price
Market (economics)
Master's degree
Nest Egg
Nonprofit organization
Of Education
Opportunity cost
PA=Available
Percentage
Percentage point
Price_€20 to €50
Private sector
Productivity And Costs
PS=Active
Public institution (United States)
Public university
Rates (tax)
Research center
Revenue
Salary
Social science
softlaunch
State government
Student loan
Tax
Teacher
Testimonial
Trade-off
Tuition freeze
Tuition payments
United States Department of Education
Vanderbilt University
Year

Product details

  • ISBN 9780691229928
  • Dimensions: 156 x 235mm
  • Publication Date: 14 Feb 2023
  • Publisher: Princeton University Press
  • Publication City/Country: US
  • Product Form: Hardback
  • Language: English
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An invaluable primer on the role economic reasoning plays in campus debate and decision making

Campus Economics provides college and university administrators, trustees, and faculty with an essential understanding of how college finances actually work. Sandy Baum and Michael McPherson explain the concepts needed to analyze the pros, the cons, and the trade-offs of difficult decisions, and offer a common language for discussing the many challenges confronting institutions of higher learning today, from COVID-19 to funding cuts and declining enrollments.

Emphasizing the unique characteristics of the academic enterprise and the primacy of the institutional mission, Baum and McPherson use economic concepts such as opportunity cost and decisions at the margin to facilitate conversations about how best to ensure an institution’s ongoing success. The problems facing higher education are more urgent than ever before, but the underlying issues are the same in good times and bad. Baum and McPherson give nontechnical, user-friendly guidance for navigating all kinds of economic conditions and draw on real-world examples of campus issues to illustrate both institutional constraints and untapped opportunities.

Campus Economics helps faculty, administrators, trustees, and government policymakers engage in constructive dialogue that can lead to decisions that align finite resources with the pursuit of the institutional mission.

Sandy Baum is a nonresident senior fellow at the Center on Education Data and Policy at the Urban Institute and professor emerita of economics at Skidmore College. Michael McPherson is president emeritus of the Spencer Foundation and Macalester College. They are the authors of Can College Level the Playing Field? Higher Education in an Unequal Society (Princeton).