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Lesson 3 The Economics of Higher Education Institutions
Institutional Expenditures: A Self-Check
Let’s now see if you can match expenditures to specific institutions like you did for revenues. This task will be more difficult because expenditures do not systematically vary across institutional types as revenues do. So, do not worry that you are missing important points if you are unable to distinguish between several schools.Leading experts might also have difficulty scoring 100% on the self-check. The challenging nature of this self-check is one of the lessons we want you to retain from our discussion of institutional expenditures. You should always scrutinize cost analyses that make comparisons across institutions (or departments within an institution) to make sure the differences reflect real differences in operations rather than differences in measurement or other factors.