Professors at a large, northwest, state-supported university selected communication between instructor and student as the most important function of grades. Second in importance was the predictive function of grades, i.e., providing the student and others with information for making educational and vocational decisions. Third in importance was the…

The purpose of this article is to deal with the following issues as they relate to educational grading policy: (1) to examine the use and misuse of grades in education; (2) to explore the use of performance based grading versus traditional grading and compare institutions using traditional grading versus those using performance based or…

This book on the economics of education is concerned primarily with how and why the student goes about acquiring whatever human capital he or she wishes and how the institutional setting of the university influences the amount of human capital that the student acquires. The learning process is dealt with, and an economic theory of learning, which…