Purpose: Economic problems of the system of education were the object of interest of classics of economic science--A. Smith and A. Marshall--who viewed education as a source of public capital, and acquired skills and competences--as a part of national wealth. These ideas were further developed in the theory of human capital by T. Schultz, G.S.…

This publication presents estimates of apprentice and trainee activity in Australia for the September quarter 2012. The figures in this publication are derived from the National Apprentice and Trainee Collection no.74 (December 2012 estimates). The most recent figures in this publication are estimated (those for training activity from the March…

Debt limits, interest coverage ratios, one-off balanced budget requirements, pay-as-you-go rules, and tax and expenditure limits are among the most important fiscal rules for constraining intertemporal transfers. There is considerable evidence that the least costly and most effective of such rules are those that focus directly on the rate of…

Linear programming models are used in an attempt to answer the question of whether more or better schools should be developed. The criterion function is the maximization of the product of education, measured either in income or school years. The model is varied throughout the paper by confronting the criterion function with a variety of…

A mathematical model for costing college courses, designed for purposes of accountability, subprogram cost analysis, marketing to foreign students (in Australia), and course cost analysis across institutions, is presented and discussed. (MSE)

This paper summarizes a recent study of a mathematical approach to the allocation of State resources to local school districts. The purpose of this approach is to (1) assure the maximum utilization of resources available, (2) distribute State funds in accordance with the criteria of effectiveness imposed on the system, and (3) satisfy the…

Combines costs of fund raising and college-relations data for each of 3 years from 17 colleges and universities with the schools' institutional characteristics to predict ratios of alumni donors to each school's total alumni. With factor analysis, classifies expenditure and institutional variables according to fund-raising effort, donor wealth,…

A study to determine the economic impact of Rockland Community College on Rockland County used models based on four spending sources, the college as a corporation, the faculty and staff as private individuals, the students as private individuals, and visitors. Questionnaires were used to assess faculty and student monthly expenditures and amounts…

This comparative study is broadly divided into two parts. The first presents a simple approximate internationally data-based university overall mathematical resource model derived from an original analysis of a 15-university international sample from the CERI (Center for Educational Research and Innovation) 1968/1969 Information Survey. It…

In order to determine the economic impact of a college on its local community, the short-term cash-flow relationships are translated into models representing the economic components and the transactions that typically occur. A series of models derived from an American Council on Education publication are presented for the use of higher education…

This paper proposes a mathematical model that delineates a feasible system of bus transportation for this multiple-school district. The model is composed of six elementary school districts which are part of the overall middle school and high school district. This proposal attempts to show Laurel district busing as a representative sample of what…

Models to assess the impact of a college on the local economy are examined. A primary objective was to derive equations for which data could be obtained from normal records kept by colleges, local governments, and businesses. The models, which are designed to be used by college presidents and their staffs, are linear cash-flow formulas, including…

The impact of faculty unionization on faculty compensation, research contract revenues, student tuition and fees, and other financial considerations are examined in this report. The study uses multiple regression models to analyze the net impact of collective bargaining on a sample of over 100 union and nonunion institutions. Faculty compensation…

The Simulation Option Model (SOM) was developed as part of the Centre for Educational Research and Innovation work on educational planning. Its two main purposes are to be an analytical tool for the project on Educational Growth and Educational Opportunity and to be a direct contribution to member countries' own work in these areas. The model…

This report presents a model and an approach that institutions of higher education can use to analyze and project the impact of endogenous and exogenous factors on both net and gross tuition in the context of the increasing practice of tuition discounting. It is noted that two key questions drive this effort: (1) what influence does gross tuition…