Economics of Education

  1. Markets for Education
    1. The Market for K-12 Schooling
      1. Public Schooling as a Local Public Good
        1. Funding and Provision
          1. Local Property Tax Funding
            1. State and Federal Contributions
              1. Public Provision Models
              2. Community Preferences
                1. Median Voter Models
                  1. Preference Heterogeneity
                    1. Democratic Decision-Making
                  2. The Tiebout Model
                    1. Voting with Your Feet
                      1. Residential Mobility
                        1. Preference Revelation
                          1. Efficient Provision
                          2. Implications for School Quality and Segregation
                            1. Quality Differentiation
                              1. Income Segregation
                                1. Racial Segregation
                                2. Model Assumptions and Limitations
                                  1. Perfect Mobility
                                    1. Information Requirements
                                      1. Capitalization Effects
                                    2. Residential Sorting by Income and School Quality
                                      1. Housing Prices and School Choice
                                        1. Capitalization of School Quality
                                          1. Housing Market Premiums
                                            1. Affordability Constraints
                                            2. Inequality in Access
                                              1. Socioeconomic Stratification
                                                1. Geographic Inequality
                                                  1. Opportunity Gaps
                                                2. The Role of Private Schools
                                                  1. Types of Private Schools
                                                    1. Religious Schools
                                                      1. Independent Schools
                                                        1. For-Profit Schools
                                                        2. Market Share and Competition
                                                          1. Private School Enrollment
                                                            1. Competitive Pressure
                                                              1. Market Segmentation
                                                              2. Regulation and Accountability
                                                                1. State Oversight
                                                                  1. Accreditation Requirements
                                                                    1. Performance Standards
                                                                2. The Market for Higher Education
                                                                  1. Structure of Higher Education Markets
                                                                    1. Non-Profit Institutions
                                                                      1. Public Universities
                                                                        1. Private Non-Profit Colleges
                                                                          1. Mission and Governance
                                                                          2. For-Profit Institutions
                                                                            1. Proprietary Schools
                                                                              1. Career Colleges
                                                                                1. Online Universities
                                                                                2. Public vs. Private Universities
                                                                                  1. Funding Sources
                                                                                    1. Governance Structures
                                                                                      1. Mission Differences
                                                                                    2. Competition Among Universities
                                                                                      1. Rankings and Reputation
                                                                                        1. University Rankings
                                                                                          1. Prestige Competition
                                                                                            1. Brand Value
                                                                                            2. Research vs. Teaching Missions
                                                                                              1. Research Universities
                                                                                                1. Teaching Colleges
                                                                                                  1. Mission Differentiation
                                                                                                  2. Student Recruitment
                                                                                                    1. Marketing Strategies
                                                                                                      1. Admissions Competition
                                                                                                        1. Yield Management
                                                                                                      2. Tuition Setting and Price Discrimination
                                                                                                        1. List Price vs. Net Price
                                                                                                          1. Sticker Price
                                                                                                            1. Financial Aid Discounting
                                                                                                            2. Merit Aid and Need-Based Aid
                                                                                                              1. Merit Scholarships
                                                                                                                1. Need-Based Grants
                                                                                                                  1. Aid Packaging
                                                                                                                  2. Price Elasticity of Demand
                                                                                                                    1. Demand Responsiveness
                                                                                                                      1. Market Segmentation
                                                                                                                        1. Revenue Optimization
                                                                                                                        2. High-Tuition High-Aid Model
                                                                                                                          1. Price Discrimination Strategy
                                                                                                                            1. Cross-Subsidization
                                                                                                                              1. Access and Affordability
                                                                                                                            2. The Admissions Market
                                                                                                                              1. Selectivity and Admissions Criteria
                                                                                                                                1. Admission Standards
                                                                                                                                  1. Holistic Review
                                                                                                                                    1. Test Score Requirements
                                                                                                                                    2. Early Decision and Early Action
                                                                                                                                      1. Binding Commitments
                                                                                                                                        1. Strategic Behavior
                                                                                                                                          1. Yield Management
                                                                                                                                          2. Enrollment Management Strategies
                                                                                                                                            1. Waitlist Management
                                                                                                                                              1. Summer Melt Prevention
                                                                                                                                                1. Transfer Student Recruitment
                                                                                                                                              2. International Student Markets
                                                                                                                                                1. Global Competition for Students
                                                                                                                                                  1. International Recruitment
                                                                                                                                                    1. Cross-Border Education
                                                                                                                                                      1. Education Exports
                                                                                                                                                      2. Student Mobility and Migration
                                                                                                                                                        1. Study Abroad Programs
                                                                                                                                                          1. Degree-Seeking International Students
                                                                                                                                                            1. Brain Circulation

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                                                                                                                                                      4. The Production of Education

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                                                                                                                                                      6. Education Policy and Evaluation