There are several ways to construct an education price index (EPI). This report represents an attempt to identify methods and procedures for producing an accurate measure of educational resource input price indices. The methods are largely mathematical equations that link student achievement to the unique social, political, and economic costs of…

Examines the relative contributions of human and physical resources in the production of private undergraduate higher education. The parameters in the output equation suggest a traditional recipe: a relatively high ratio of quality faculty to good students in a facilitating environment reflected by academic expenditure. Better students are drawn…