This is a teaching note on a proposed approach that will correct a common flaw in the way the return-generating process within the APT framework is illustrated in textbooks. The problem can be resolved by dichotomizing the risk factors into two kinds. Based on this approach, the author eliminated the main source of confusion and developed an…

In July, when energy prices were sky-high and some pundits were predicting a continued rise, Charles Riordan, facilities director at Loyola College of Maryland, and his colleagues locked in a chunk of their electricity prices--about a quarter of the college's consumption--to cover the next two years. Now that energy prices have fallen, the…

Real-estate markets are almost as volatile as stock markets. Prices of agricultural land, of commercial real estate, and of homes and condominiums have gone through a series of huge bubbles, as if people never learned from the previous ones. Such events--in particular the recent housing bubble--are driven by what John Maynard Keynes called animal…

This Statistics in Brief examines three cohorts of recent college graduates 1 year after they attained their bachelor's degree. The graduation years for the three cohorts span a 15-year period: 1992-93, 1999-2000, and 2007-08. The latest cohort (2007-08) graduated in the midst of the 2008 recession. This Statistics in Brief first examines how…

The publishers' hall at the recent Association of College and Research Libraries conference, held in Seattle in mid-March, was a study in give-and-take: how much publishers such as Elsevier and Oxford University Press will give in this lousy economy, and how much budget-strapped librarians can take. Libraries are some of the biggest customers for…

Inspired by a white paper produced by the Delta Project on Postsecondary Education Costs, Productivity, and Accountability, this study uses different measures of calculating the cost of a college degree at an upstate community college in New York. Departmental cost per credit hour, direct instructional costs, and full costs are all explained. A…

The fiscal benefits that community colleges bring to the local, state, and national economies have long been the province of anecdote, conjecture, and debate, but important new work has taken much of the mystery and guesswork out of this question. We now know that the rate of return delivered on tax dollars spent to support community colleges is…

Pre-service teachers take many courses in college training programs in order to become teachers and coaches. Teachers have in-service training programs, varied across many school divisions or districts, which help keep them abreast of current methods in teaching and serve as professional development opportunities. However, budgetary planning and…

It is widely believed that administrative expenditures in US higher education are growing too rapidly, particularly in relation to expenditures that are directly related to instruction, and that this so-called "administrative bloat" is a major factor in the rising cost of higher education. We argue that this perception of rapid growth is…

The author's students regularly ask him, "Why can't the government just print more money?" Typically they are seeking a simple solution to a complex problem like the national debt, or they just want the government to make people all rich the easy way, by handing them wads of cash. His best answer used to be, "They just can't," but the…

This article reports that nearly half of the nation's largest athletics programs have doubled or tripled their recruitment spending over the past decade, as their pursuit of elite athletes intensifies and becomes more national in scope. Forty-eight percent of NCAA Division I athletics departments at least doubled their recruiting budgets from 1997…

This article discusses the impact of changing student demographics on financing education and on our national wellbeing. We begin by examining the research of current student demographics and their relationship to learning and education costs. We then calculate a 1% cost factor from the average per-pupil expenditure based on the 2011 "Digest…

The primary purpose of government provided student financial aid is to increase college access by bringing the out-of-pocket price of attendance within reach of more students. The basic idea is quite straightforward. If a good or service costs $100 to buy and the government gives consumers a $50 subsidy, then consumers need only spend $50 of their…

A heuristic approach to explaining of the Black-Scholes option pricing model in undergraduate classes is described. The approach draws upon the method of protocol analysis to encourage students to "think aloud" so that their mental models can be surfaced. It also relies upon extensive visualizations to communicate relationships that are…

Purpose/Objectives: Schools that participate in the National School Lunch Program (NSLP) receive a portion of their annual federal funding as commodity entitlement foods--now called USDA Foods--rather than cash payments. Due to rising food prices in recent years, it has been recommended that schools compare the costs and benefits of commodity and…