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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Bibliographic Details
Online Access: Full Text (via Internet Archive)
Corporate Author: Change Panel on Academic Economics
Format: eBook
Language:English
Published: New Rochelle, N.Y. : Change Magazine, ℗♭1976.
Series:Change policy papers ; 2.
Subjects:

MARC

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245 1 0 |a Colleges and money :  |b a faculty guide to academic economics /  |c by the Change Panel on Academic Economics. 
260 |a New Rochelle, N.Y. :  |b Change Magazine,  |c ℗♭1976. 
300 |a 1 online resource (91 pages :  |b illustrations) 
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490 1 |a Change policy papers ;  |v 2. 
504 |a Includes bibliographical references (pages 89-91) 
505 0 |a The faculty's role in academic economics -- First principles of budgeting and management -- Facts and fictions about educational efficiency -- Some definitions of educational costs -- Who pays for education -- Understanding budgets -- Who makes what decisions -- For further reading. 
511 0 |a 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. 
520 |a 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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