Education as Business

Diogo, Franzi, Liz, Julia 9.20.2014

1776-1800’s

1862

1910

1920-1944

1944-1957 1970’s

1960’s 1980’s

2010Post WWII

Morrill Land Grant Act

Study abroad options

College entrance exams

Average debt $25,000

https://vimeo.com/106132831

let’s draw!

what how whom

Education as Business: what would cause the

market to fail?

Market Failure: an imperfection in the

market mechanism that prevents optimal

outcomes

Public Good Externalities

Market Power Inequity

Group Exercise: create four groups of five,

one group of four

How might public good, externalities, market power,

and inequities effect the business of education from the following standpoints listed on the index card

Let’s take a look at other “business” models of

education

Next Steps

A failure justifies government intervention.

What does government intervention look like?