The college of ag at OK State does a magnificent job of teaching and advising. Many students obtain agribusiness degrees instead of business degrees simply because ag econ professors are better teachers and more caring advisors. They come here for "the personal touch."
I have been told that enrollment in our ag college increased this year, but because enrollment fell for the university as a whole, our college had to suffer a cut in funds.
The University of Cincinnati is drafting a plan where programs would receive more money for greater enrollment and receive cuts for falling enrollment. Programs who find ways to cut costs even get to keep a portion of those savings. Read more here.
Some are obviously concerned about what a market-based approach to higher education would produce. Colleges and departments could easily boost enrollment by offerring more classes, which may not raise costs much if you hire cheap adjuncts to teach them. And of course, the best way to attract students is to make your classes really easy. At OK State, many students walk across the street to Northern Oklahoma College where classes are easier and the teacher gets paid only $1,800 a course. If you only paid me $1,800 per course, I would give each student A's on the first day and tell them, "it was nice meeting you, take the rest of the semester off."
Remember, though, there is much more to a market than the revenue and cost stream for any one year. There is always a reputation effect. Engineering students are smarter than agribusiness students. Agribusiness students are smarter than some other majors. Students at Stanford are smarter than OK State students. Dumb down a program and you lose your reputation.
Yet, reputation only works to ensure quality control if the school is able to profit from the reputation. If a school decides to maintain higher standards, and suffer some enrollment as a result, wouldn't it have to charge their students more to capture the value of the higher standards?
I'm not sure the market for college graduates works that efficiently. But never underestimate the ability of a market to see what arrogant professors like me cannot see!
Tuesday, November 11, 2008
Blog Archive
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- 2008 AGEC 4213 Nerd of the Year!
- Trust Me: I'm Good For It
- Encyclopedia of Economic and Business History
- Green Energy
- Interesting Ag Facts
- Interesting Ag Facts
- Explaining Price Indices
- Beef, Pork, Chicken, and Egg Consumption: 1910-2006
- Corn and Gasoline Prices
- The Great Depression - Maybe We Learned Something
- Keynesian Perspective
- With Real Poets, It is Hard To Tell
- Ag Career Info
- Why Neoclassical Theory is Important
- It is more than that...
- Don't Forget...
- King Camp Gillette: Hero of Capitalism
- Gains From Trade...And Love
- The Importance of Insurance
- Oklahoma where the wind comes sweeping down the pl...
- Hereos of Capitalism
- Bird Spectacles
- Farm Animal Welfare: A Rare Statement of Truth
- Turkey Torture
- Explaining "Stimulus Package" to Students
- The Cow Tax
- The Market for Organic Eggs
- For Misplaced Southerners
- The Utility of Positive Emotion
- The Great Depression - We Learned Nothing
- Politically [un]Popular Ethanol
- Food Tales
- An Omnivore's Solution
- Cage Versus Cage Free
- The Cost of Happy Hogs
- The Importance of Economics
- Interesting Ag Facts
- American Socialism
- QLD livestock producers support fine increase
- Why Not Just Say "Farmer"
- The Pitfalls of Organic Food
- The Indifference Principle - In Practice
- Beef Prices in the 80's
- Broom Corn
- I, Broom
- Hello From Detroit
- God is Dead
- Laissez-Faire Higher Ed
- Secretary of Ag Michael Pollan
- The Fatal Conceit
- Steven Horwitz's An Open Letter to my Friends on t...
- We may begin hearing increased support for a bailo...
- Cattle, Hog, and Egg Prices: 1920-2002
- Steinbeck Talks About Food
- Sophistry
- Horrible Ideas
- Thinking About Graduate School?
- Economists Are Brilliant!!!!
- Thinking Like An Economist
- Picking Winners
- An Overview of the Agribusiness Degree
- Financial Crisis and Lending to the Poor
- Becoming a Great Teacher: Part 8
- We are all Socialists (1/3, at least)
- Trading Class Notes
- Humbling the Professor
- A New Approach to M.S. Theses
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