Monday, March 17, 2014

Baumol’s Cost Disease ...item 2.. The Cost of Higher Education -- radio interview (52:04 minutes) ...item 3.. FSU News - The when and where of studying for finals (11:03 PM, Apr. 24, 2013) ...

A few nice BEST WAY TO MAKE MONEY ONLINE images I found:


Baumol’s Cost Disease …item 2.. The Cost of Higher Education — radio interview (52:04 minutes) …item 3.. FSU News – The when and where of studying for finals (11:03 PM, Apr. 24, 2013) …
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Image by marsmet523
And that’s the warning that the authors of Why Does College Cost So Much? give about online education. From a University of Washington summary of the book:


While they think that better integrating technology with instruction will produce marginal gains, online education is unlikely to revolutionize the industry unless post-secondary teaching is totally redefined. Unintended consequences could include:


… Static course content in an ever-changing world

… A shrunken research enterprise

… Inability to recruit the brightest minds to work as online-only instructors

… Declining focus on teaching critical thinking skills as opposed to facts and figures

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……..*****All images are copyrighted by their respective authors ………

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… marsmet471 photo … Higher education — Remember young man, your first step in the REAL WORLD is just 8 feet ahead. Best of luck !!! …item 2.. Men and women both have different ways to get from A to B (2 May 2012) …


www.flickr.com/photos/70815929@N07/6991176310/in/photostream

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… marsmet471 photostream … Page 1


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…..item 1)…. Why professors can’t improve their productivity …


MPRNews ON CAMPUS … oncampus.mpr.org


Everything higher education in Minnesota. … FILED UNDER: Money …

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img code photo …


oncampus.mpr.org/files/2011/02/professor-teaching-620×465…


Could you write equations a little faster, please?


marc_buehler via Flickr


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oncampus.mpr.org/2011/02/why-professors-cant-improve-thei…


After I posted about the book Why Does College Cost So Much? yesterday, I got a note from Rand Park, director of corporate relations for the University of Minnesota’s Carlson School of Management.


He pointed me to a 2003 article from The New Yorker. It focuses on a phenomenon, mentioned in the book, that is a main factor behind the rising price of higher education: “cost disease.”


(Economists apparently call it “Baumol’s cost disease,” after NYU economist William Baumol, who explained it in the 1960s.)


He wrote me, calling the article:


… one of the most succinct and easily-digestible pieces I have ever read on the topic.


So, to the main argument — which has implications for online education:


Baumol explained that many services, unlike manufacturing, don’t experience productivity gains (such as those gained through technology) that would lead to lower cost. The New Yorker uses his example of musicians to illustrate the argument:


When Mozart composed his String Quintet in G Minor (K. 516), in 1787, you needed five people to perform it—two violinists, two violists, and a cellist. Today, you still need five people, and, unless they play really fast, they take about as long to perform it as musicians did two centuries ago. So much for progress.


And musicians aren’t alone:


In a number of industries, workers produce about as much per hour as they did a decade or two ago. The average college professor can’t grade papers or give lectures any faster today than he did in the early nineties. It takes a waiter just as long to serve a meal, and a car-repair guy just as long to fix a radiator hose.


So compensation continues to rise over time because those who hire such professionals (especially highly skilled workers such as doctors, lawyers and professors) need to pay them enough to keep them from going elsewhere.


The main point — and one raised by Minnesota higher education officials time after time in legislative budget-cut hearings — is made in the article:


To lower prices you have to lower quality.


And that’s the warning that the authors of Why Does College Cost So Much? give about online education. From a University of Washington summary of the book:


While they think that better integrating technology with instruction will produce marginal gains, online education is unlikely to revolutionize the industry unless post-secondary teaching is totally redefined.

Unintended consequences could include:


… Static course content in an ever-changing world

… A shrunken research enterprise

… Inability to recruit the brightest minds to work as online-only instructors

… Declining focus on teaching critical thinking skills as opposed to facts and figures

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…..item 2)…. The Cost of Higher Education …


RadioWest kuer90.1 … radiowest.kuer.org

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img code photo … will work for loan payments.


mediad.publicbroadcasting.net/p/radiowest/files/styles/ca…


Image by marsmet531 / Creative Commons via flickr


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FEBRUARY 6, 2013 | MONEY / BUSINESS …


By Doug Fabrizio


radiowest.kuer.org/post/cost-higher-education


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radio interview … 52:04 minutes


GUESTS


Dr. Robert B. Archibald

Dr. Nicholas W. Hillman


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The increasing cost of a college education concerns people regardless of their income level or politics. It’s the subject of congressional hearings, protests and everyday conversation. But why does higher education cost so much? Are our universities simply dysfunctional and inefficient? Or is it more complicated than that? Wednesday, we’ll explore those questions in front of a live audience at the Hinckley Institute of Politics. The scholars Robert Archibald and Nicholas Hillman are our guests. And we hope you’ll join us, too.


RadioWest and The Hinckley Institute of Politics invite you to join our live audience tomorrow, March 6, at 11 a.m. in the Hinckley Caucus Room, in Orson Spencer Hall on the University of Utah campus. The event it free and open to the public. For more details, click here.


GUESTS


Dr. Robert B. Archibald is a Professor of Economics at the College of William and Mary. Along with his colleague David Feldman he co-authored the book Why Does College Cost So Much?


Dr. Nicholas W. Hillman is an assistant professor in the University of Utah’s Department of Educational Leadership & Policy, where he specializes in higher education finance and student enrollment at .


It’s part of the University of Utah Hinckley Institute of Politics’ Sixteenth Annual Rocco C. and Marion S. Siciliano Forum, “Considerations on the Status of the American Society.” For other events in the week, click here.


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…..item 3)…. The when and where of studying for finals …


… FSU News … www.fsunews.com/


More academic spots on campus to stay focused during exams helps students


11:03 PM, Apr. 24, 2013 |


Written by

Devyn Fussman

Staff Writer


FILED UNDER

FSU News

FSU News Views


www.fsunews.com/article/20130425/FSVIEW03/130424021/The-w…|newswell|text|frontpage|s


Only six more days until that time of the year where the stress level of FSU students reaches its peak. But, what I’ve found is that sometimes what’s almost as hard as studying for tests is figuring out the best way to do it. Where on campus can you possibly go that won’t be packed solid and will—maybe—offer an outlet and a bit of silence?


Naturally there’s the obvious places like Strozier and Dirac, both of which are going to be open longer. But few people are naïve enough to think there will actually be outlets (or even chairs) left at Strozier during finals week, so there’s a good chance you’ll have to seek out alternative study spaces. There are some facilities that make the perfect cram spot simply because most people don’t think of them as such.


One of these is the popular hangout spots is the Union. Next week, it closes at midnight Monday through Thursday and still offers activities at Club Downunder and Crenshaw Lanes for those much-needed study breaks.


“The Union is unique in that you can take a break from study and go outside in an instant,” Union Director Bill Clutter said. “We are a good place to meet with your friends and classmates.”


One of the best parts of the Union to do exactly that is the SLC.


“The couches are a great place for groups to meet because they don’t feel like they have to be quiet as much as some of the other study spaces,” Manager Amie Runk said. “While you see people studying for their next class, reading, or typing a paper, there are also people who are blowing off steam.”


It’s the perfect balance of work and play. There’s a fair amount of tables, outlets, and a quiet area upstairs for students looking for some quiet, and although there won’t be any movies, there is always the option of renting a video or board game, or relaxing in front of some wonderfully mindless TV.


During finals week, the SLC will be open from 8 a.m. to midnight. Students can take advantage of the steady supply of caffeine at the Grindhouse, offers more way more choices than Starbucks (and a shorter line to boot).


As for the when, finals week may be one of the few instances where it definitely pays to be a morning person, as that seems to be the least busy time for popular study places and crowds are smallest. Students are in class, working, taking exams or catching up on their sleep after pulling an all-nighter.


“There is a lot of downtime in the morning hour,” Runk said. “The couches and tables by the outlets are generally open during that time and the early afternoon. Around 4 p.m. or 5 p.m. are when people generally start filing in.”


Instead of pulling an all-nighter, try getting some sleep so you can rise early and pull and all-dayer. You’re much more likely to focus with more sleep and less crowds, not to mention more likely to find a desk to drop your mountain of textbooks.

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Baumol’s Cost Disease ...item 2.. The Cost of Higher Education -- radio interview (52:04 minutes) ...item 3.. FSU News - The when and where of studying for finals (11:03 PM, Apr. 24, 2013) ...

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