Lecture Issues in economics today - Chapter 25: Education
Lecture Issues in economics today - Chapter 25: Education
After studying this chapter you will be able to understand: Understand why a college education is so expensive and why those costs have been rising faster than inflation; explain the role of textbooks in those rising costs; apply the principle of present value so as to see why borrowing money to pay for a college education is a wise, if potentially risky investment in future income potential; understand that the United States has a greater percentage of citizens with a college degree than other