A classroom exercise for undergraduate and beginning graduate students that takes about one class period is proposed and discussed. It is an easy, interesting exercise that demonstrates important aspects of sampling techniques (sample amount, particle size, and the representativeness of the sample in relation to the bulk material). The exercise…

In the past few years an important beginning has been made toward defining and exploring the major issues in the economics of higher education. The research of economists covers a wide range of problems, from that of the Nation's requirements for college-trained people, to detailed questions of financing. Perhaps no single area of this work offers…