This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
4/15/2005
Pricing Each College Course
Show Me The Money is a great article. I wanted to run and show our administration. I don't know if they already use this to formulate the costs of each course, but if they do, why do they keep it a secret? Most people expect a profit is going to be made by a business or institution. Otherwise there would be no reason for that institution or business to provide the service. With the administration raising tuition and cutting programs, I would be very interested to see what factors they have taken into consideration. I feel that we as students are looked down upon by the administration and are left out of what costs should be cut. Instead we are just told what is going to be done with our fees rather than given a choice.
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2 comments:
I couldn't link to the article so I can't say much.
I will say that the pricing of state colleges is stupid on many levels. This is usually a product of state legislatures acting as if they are above basic economics. They aren't, and they get bad outcomes for acting that way. They charge low tuition, leading to shortages, as California is going through now. They also do not charge on the basis of demand, so that many popular courses are oversubscribed. Lastly, they don't attach any information about the prospective success of graduate in pricing courses.
As to putting the students in charge of anything, the problem with this is that most of them are not interested, are not committed, are only on campus for a few shorts years, and so on. That is a recipe for disaster. There is no other business in which putting the consumer in charge of the business decisions would even be considered.
Each course really have different tuition fees. Some are more affordable and some are too expensive. Like a Doctor course will cost you a huge amount of money but later on this course can also give you great salary.
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