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The Costs of Further Education
A British Analysis
- 1st Edition - January 1, 1970
- Author: C. Selby Smith
- Editor: Edmund King
- Language: English
- Hardback ISBN:9 7 8 - 0 - 0 8 - 0 1 6 1 6 3 - 1
- Paperback ISBN:9 7 8 - 1 - 4 8 3 1 - 2 7 9 1 - 0
- eBook ISBN:9 7 8 - 1 - 4 8 3 1 - 6 0 3 3 - 7
The Costs of Further Education: A British Analysis offers a critique of the organization of further education in Britain, especially education provided in technical colleges.… Read more
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Request a sales quoteThe Costs of Further Education: A British Analysis offers a critique of the organization of further education in Britain, especially education provided in technical colleges. Emphasis is placed on how the resources allocated to education should be divided among various alternatives. This volume consists of nine chapters organized into three sections. After an overview of further education in Britain, the reader is introduced to the financial costs of providing education courses. The use of information on average costs to estimate marginal financial costs is discussed, along with the imputed costs of student time and the factors that affect the distribution of total cost between various groups. The chapters that follow focus on benefits and their relationship to costs for various courses, along with the principle for project selection. The method of obtaining the cross-section age-earning profiles is described. The concluding chapter includes a summary statement of the present situation and a suggestion for reform. This book is a valuable resource for educators, administrators, and policy planners involved or are interested in British further education.
Preface
Courses Selected for Intensive Study
Chapter 1 Introduction
The Problem
Why Examine Further Education?
A General Perspective
A Few Warnings
Outline of the Book
Chapter 2 Financial Costs
Introduction
The Cost Data
Choosing the Courses
Choosing the Colleges
(a) The Regions Chosen
(b) The Colleges Chosen
The Method Used to Estimate Average Financial Costs
Results
(a) Average Financial Costs
(b) The Allocation of Expenditure within Colleges
Conclusion
Chapter 3 Marginal Financial Costs
Introduction
Is Efficiency Currently Maximized?
(a) The Use of Staff
(b) The Use of Buildings and Equipment
(c) Capital-Labor Substitution in the Teaching Process
(d) Consumable Materials
(e) The Type of Courses Provided
(f) The Geographical Location of Courses
(g) The Average Cost Curve
Calculations of Marginal Financial Cost
Chapter 4 The Imputed Cost of Student Time
Introduction
The Estimation of Imputed Costs
Implications of Considering Imputed Costs
Results and Conclusions
Appendix Facing
Chapter 5 The Distribution of Total Cost
Introduction
Students
National and Local Governments
(a) Capital Expenditure
(b) Current Expenditure
Extra-district Pupils: The Recoupment System
Advanced Further Education
Overseas Students
Industry
Conclusion
Chapter 6 The Discount Rate
Introduction
The Discounting Method
Size of the Discounting Factor: General Considerations
Treatment of Uncertainty
Size of the Discounting Factor: Evaluation
Project Selection
Chapter 7 Earnings and Adjustments
Introduction
The Method Used
Some Important Features of the Sample Adjustments
(a) Adjustments to the Cross-Section Data
(b) The a-Coefficient
(c) Future Changes in Earnings Differentials
The Accuracy of the Results
Conclusion
Chapter 8 The Relationship between Benefits and Costs for Various Courses
Introduction
The Relationship of Adjusted Earnings to Costs
(a) Comparisons at a Given Academic Level of Work
(b) Comparisons between Academic Levels of Work
(c) The Absolute Level of the Ratios
Other Benefits
(a) Investment Returns to the Rest of Society
(b) Investment Returns to Employers
(c) Consumption Returns
Conclusion
Appendix
Chapter 9 In Conclusion
Introduction
The Present System of Finance
An Alternative System of Finance
Appendix: The Individual Behind the Category
Glossary
Bibliography
Index
- No. of pages: 214
- Language: English
- Edition: 1
- Published: January 1, 1970
- Imprint: Pergamon
- Hardback ISBN: 9780080161631
- Paperback ISBN: 9781483127910
- eBook ISBN: 9781483160337
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