Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
Monday, October 25, 2010
Public school performance...
If public high schools were to charge a modest tuition (please, don't get hung up on what that might be), what would the impact be on the quality of education?
Parents will expect more if they are paying which will in turn, put more pressure on the faculty, which may, depending on the teacher, increase the quality of the learning experience.
I think it would be a good thing. A bigger budget. More classes offered. More opportunities. I wish I had filmmaking classes in High School.
Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?
Parents will expect more if they are paying which will in turn, put more pressure on the faculty, which may, depending on the teacher, increase the quality of the learning experience.
ReplyDeleteI think it would be a good thing. A bigger budget. More classes offered. More opportunities. I wish I had filmmaking classes in High School.
It would totally weed out all those who dont deserve or appreciate education
ReplyDelete