Colleges and money : a faculty guide to academic economics / by the Change Panel on Academic Economics.
The basics of academic economics are examined in this faculty guide. The modern management movement has reached American higher education and has created new expectations concerning the faculty's role. Faculty should share in the preparation of their entire campus budget. Academic economics are...
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| Online Access: |
Full Text (via Internet Archive) |
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| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
New Rochelle, N.Y. :
Change Magazine,
℗♭1976.
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| Series: | Change policy papers ;
2. |
| Subjects: |
| Summary: | The basics of academic economics are examined in this faculty guide. The modern management movement has reached American higher education and has created new expectations concerning the faculty's role. Faculty should share in the preparation of their entire campus budget. Academic economics are best understood by examining educational costs and pricing, student demand, and the supply and demand of skilled academic personnel. Major income sources must be evaluated: student and service charges, governmental appropriations, philanthropic and donor contributions, and borrowing. Tuition charges, highly sensitive to market prices, are analyzed in some detail. Consideration is also given to understanding budgets and finance reports. Conflicting organizational pressures in academic institutions must be resolved differently than those arising in organizations based on industrial and hierarchical models. It is concluded that with or without collective bargaining, the faculty's best hope in helping determine its future lies in the principle of shared authority. |
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| Physical Description: | 1 online resource (91 pages : illustrations) |
| Bibliography: | Includes bibliographical references (pages 89-91) |
| Participant or Performer: | The Change panel on academic economics: Walter Adams, Distinguished University Professor of Economics, Michigan State University ; George W. Bonham, Editor-in-Chief, Change Magazine ; Howard R. Bowen, R. Stanton Avery Professor of Economics and Education, Claremont Graduate School ; Hale Champion, Financial Vice President, Harvard University ; Earl F. Chelt, Dean of the Schools of Business Adminstration, University of California at Berkeley ; John D. Millett, Senior Vice President and Director, Management Division, Academy for Educational Development, Inc. ; George B. Weathersby, Associate Professor, Graduate School of Education, Harvard University. |