This booklet on the finance of education is designed for nonfinancial administrators and trustees of institutions of higher education. It is meant to familiarize such educational officers with basic concepts, ideas, terminology, and practices in the financial realm. No attempt is made to present analytical details, economic elaborations, or…

THE DETERMINATION OF THE OPTIMUM DISTRIBUTION OF EDUCATIONAL INVESTMENTS IS A CURRENT AND ACUTE PROBLEM. EXAMINATION OF SEVERAL INTERRELATED PROBLEMS OF UNDERDEVELOPMENT IN ORDER TO CONSIDER THEIR PROGRAMMATIC IMPLICATIONS LEADS TO THE IDENTIFICATION OF GENERAL AREAS FOR EDUCATIONAL INVESTMENT EXPENDITURES. THE AREA OF MOST PERVASIVE NEED IS THE…

Problems of duplex investment are noted in the introduction to this booklet designed to provide a technique by which the investment decision can be approached, develop estimates of typical costs and returns under differing conditions, and encourage investors to analyze objectives and conditions before the decision to buy or build is made. A…

In 1969, in a report to The Ford Foundation entitled "The Law and the Lore of Endowment Funds," William L. Cary and Craig B. Bright summarized the results of an extensive survey of the law governing college and university endowment funds. The key conclusion of the report is that "there is no substantial authority under existing law…

This paper consists of three related lectures dealing with the application of basic economic concepts and theory to educational planning. In the first lecture, the author describes the fundamental principles involved in the study of economics and shows that educational planning is basically a process for making certain economic choices. The second…

The Illinois Board of Higher Education attempts to provide a statistical picture of the space that has been constructed for Illinois public higher education and the utilization of that space. And it attempts to identify and explain current issues facing Illinois public higher education related to capital improvements. Recommended guidelines for…

The view of human resources as a form of capital is not new, but it has only recently been thoroughly examined and explicitly incorporated into the stream of economic thought. In this book the author summarizes the work he has done in the field over the past decade. In particular the author addresses himself to two areas that have been neglected…

This paper presents a human capital risk analysis that attempts to estimate the effect of increased length of schooling on the amount of risk that impinges on the student in the future, considering earnings in conjunction with investment income. Nonpecuniary returns are ignored. Individuals' actual anticipations of future earnings, needed to…

This book is one of a series of projects developed to increase understanding of the management of educational endowment funds. Specifics of performance measurement and the setting of objectives are emphasized. Part one deals with measurement of the rate of return, or profitability, of an endowment fund. Part two reviews some statistical measures…

Discusses the use of quadratic programming to calculate the optimal distribution of educational investments required to closely approach manpower targets when financial resources are insufficient to meet manpower targets completely. Demonstrates use of the quadratic programming approach by applying it to the training of supervisory technicians in…

Redlining undermines the neighborhood schools in the city and erodes the tax base for education. It also helps to provide a place for the higher social classes to flee, robbing the city of the populations essential for creating diverse school systems. (Author/AM)

Evaluates the aftereffects of the increase in the price of oil caused by the cartel of Arab and non-Arab nations which comprise the Organization of Petroleum Exporting Countries. (Author/RK)

Discusses the risk factors involved in the development of energy efficient projects in schools. Defines the nature of the risks and provides an outline for managing risks through alternative financing. (MD)

Describes a "hands-on" economic/business education project called the Stock Project in which fifth- and sixth-grade students at Amidon Elementary School in Washington D.C. become familiar with the stock market and investments--the Dow Jones Industrial Averages, capital gains and losses, and stock market fluctuation. (Author/BB)

A discussion of the trend toward innovative methods of paying for college also looks at the related issues of affordability, parent responsibility, and choosing among prepayment and financing options. (MSE)