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Campus economics = how economic thinking can help improve college and university decisions /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Campus economics/ Sandy Baum, Michael McPherson.
Reminder of title:	how economic thinking can help improve college and university decisions /
Author:	Baum, Sandy
other author:	McPherson, Michael S.
Published:	Princeton, NJ :Princeton University Press, : c2023.,
Description:	1 online resource (168 p.) :ill.
Subject:	Universities and colleges - Finance. -
Online resource:	https://www.degruyter.com/isbn/9780691229935
ISBN:	9780691229935

Campus economics = how economic thinking can help improve college and university decisions /
Baum, Sandy

Campus economicshow economic thinking can help improve college and university decisions /[electronic resource] :Sandy Baum, Michael McPherson. - 1st ed. - Princeton, NJ :Princeton University Press,c2023. - 1 online resource (168 p.) :ill.

Includes bibliographical references and index.

Frontmatter --

An invaluable primer on the role economic reasoning plays in campus debate and decision makingCampus 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.

Mode of access: Internet via World Wide Web.

In English.

ISBN: 9780691229935

Standard No.: 10.1515/9780691229935doiSubjects--Topical Terms:

630476
Universities and colleges
--Finance.

LC Class. No.: LB2342 / .B386 2023

Dewey Class. No.: 378.1/06

Campus economics = how economic thinking can help improve college and university decisions /
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245 1 0 $a Campus economics $h [electronic resource] : $b how economic thinking can help improve college and university decisions / $c Sandy Baum, Michael McPherson.
250 $a 1st ed.
260 $a Princeton, NJ : $b Princeton University Press, $c c2023.
300 $a 1 online resource (168 p.) : $b ill.
504 $a Includes bibliographical references and index.
505 0 0 $t Frontmatter -- $t Contents -- $t Acknowledgments -- $t Introduction -- $t Chapter one Colleges, College Students, and College Finances -- $t Chapter two Basic Economic Concepts and College Financing -- $t Chapter three Building Blocks of College Finance -- $t Chapter four Is a College a Business? -- $t Chapter five How Should We Think about the Compensation Budget? Salaries, Compensation, and Faculty Status -- $t Chapter six Do We Really Have to Cut the Budget? -- $t Chapter seven Can Pricing and Financial Aid Policies Be More Transparent? -- $t Chapter eight What Is the Role of College Endowments? The College's Savings Account -- $t Chapter nine Conclusion: Moving Forward -- $t Notes -- $t References -- $t Index.
520 $a An invaluable primer on the role economic reasoning plays in campus debate and decision makingCampus 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.
538 $a Mode of access: Internet via World Wide Web.
546 $a In English.
588 $a Description based on online resource; title from PDF title page (publisher's Web site, viewed 06. Mrz 2024)
650 0 $a Universities and colleges $x Finance. $3 630476
650 0 $a Universities and colleges $z United States $x Finance. $3 567432
700 1 $a McPherson, Michael S. $3 685210
856 4 0 $u https://www.degruyter.com/isbn/9780691229935