Description
Assume you are in charge of the college education system in the region. Currently the policy is publicly provided and financed. The system is not working and you have to change the policy. What is the policy that you choose? "Include in your discussion either public, private, or mixed provision, financing, the economic theoretical arguments for your best way including macro-economic effects, any deviations from 1st best assumptions, and supply side assumptions" (incomplete markets, issues about p, asymmetric information, etc).
Explanation & Answer
Running Head: POLICY OPTION
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Financing Policy Option for College Education System
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POLICY OPTION
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Financing Policy Option for College Education System
Historically, higher education has been viewed as fundamental part of social and
economic fabric, requiring considerable support from all social stakeholders. As the numbers
of students enrolling for higher education has, financing policies of these institutions have
also been strained. Currently, the issue of financial austerity has also affected families and the
institutions of higher education in a similar manner. Also, the issue challenges policy goals
held concerning enhancing educational quality, access and participation, as well as assuring
the institutions whether public or private, civic betterme...