IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/35353.html
   My bibliography  Save this paper

Economic Analysis of Carnegie Mellon University

Author

Listed:
  • Alphin Jr., Henry C.

Abstract

Carnegie Mellon University is a private research institution of higher education that is housed in a city that has undergone, and is still undergoing, the change from a manufacturing hub to a center of knowledge enterprise. Although colleges and universities are part of a local oligopoly, CMU is a global institution which considers its peers to be among the elite institutions, including the University of Pennsylvania, Stanford University, and MIT. Amongst its peers, CMU is on the lower end of the undergraduate student demand spectrum, and it pays its professors significantly less than other great institutions. While CMU is not at risk of low student demand, it faces the same risk of faculty loss to other elite institutions as public institutions face losing their professors to CMU. As a global institution, CMU is affected by exchange rates, and the weak dollar makes a CMU education cheaper to foreign students. However, with the decrease in government funding, CMU, like other higher education institutions, has been forced to look elsewhere for revenue – primarily through tuition increases, private donors, and auxiliary services, to maintain its strong student body, elite faculty, and abundance of resources. While no tentirely shielded from vulnerability, CMU appears to face a sustained future, as long as it is able to continue to adapt to the changing society and economic climate.

Suggested Citation

  • Alphin Jr., Henry C., 2010. "Economic Analysis of Carnegie Mellon University," MPRA Paper 35353, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:35353
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/35353/1/MPRA_paper_35353.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Donald E. Heller, 1997. "Student Price Response in Higher Education," The Journal of Higher Education, Taylor & Francis Journals, vol. 68(6), pages 624-659, November.
    2. J. P. Raines & Charles G. Leathers, 2003. "The Economic Institutions of Higher Education," Books, Edward Elgar Publishing, number 2721, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter Michaelis, 2004. "Education, Research and the Impact of Tuition Fees - A Simple Model of the University," Discussion Paper Series 265, Universitaet Augsburg, Institute for Economics.
    2. Darolia, Rajeev, 2013. "Integrity versus access? The effect of federal financial aid availability on postsecondary enrollment," Journal of Public Economics, Elsevier, vol. 106(C), pages 101-114.
    3. Bruckmeier Kerstin & Fischer Georg-Benedikt & Wigger Berthold U., 2015. "Studiengebühren in Deutschland: Lehren aus einem gescheiterten Experiment," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 16(3), pages 289-301, October.
    4. Hemelt, Steven W. & Marcotte, Dave E., 2008. "Rising Tuition and Enrollment in Public Higher Education," IZA Discussion Papers 3827, Institute of Labor Economics (IZA).
    5. Vergolini, Loris & Zanini, Nadir, 2015. "Away, but not too far from home. The effects of financial aid on university enrolment decisions," Economics of Education Review, Elsevier, vol. 49(C), pages 91-109.
    6. Christine Neill, 2013. "What You Don't Know Can't Help You: Lessons of Behavioural Economics for Tax-Based Student Aid," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 393, November.
    7. Thi Hoai Trinh NGUYEN, 2021. "Factors Affecting The Tuition Fee Policy Of Public Higher Education," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(3), pages 22-42, September.
    8. Michael Mitsopoulos & Theodore Pelagidis, 2007. "Rent-Seeking and Ex Post Acceptance of Reforms in Higher Education," Journal of Economic Policy Reform, Taylor and Francis Journals, vol. 10(3), pages 177-192.
    9. Soo, Kwok Tong & Elliott, Caroline, 2010. "Does price matter? Overseas students in UK higher education," Economics of Education Review, Elsevier, vol. 29(4), pages 553-565, August.
    10. Caroline Elliott & Kwok Tong Soo, 2012. "The International Market for MBA Qualifications," Working Papers 24284581, Lancaster University Management School, Economics Department.
    11. Valentino Larcinese, 2008. "A Discrepancy Index for the Study of Participation with an Application to the Case of Higher Education in Italy," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 88(3), pages 483-496, September.
    12. Wales, Philip, 2013. "Access all areas? The impact of fees and background on student demand for postgraduate higher education in the UK," LSE Research Online Documents on Economics 57846, London School of Economics and Political Science, LSE Library.
    13. Marema Jebessa Kumsa & Bizuayehu Nigatu Lemu & Teklehaimanot Mezgebe Nguse, 2020. "Lack of pocket money impacts Ethiopian undergraduate health science students learning activities," PLOS ONE, Public Library of Science, vol. 15(12), pages 1-12, December.
    14. Michael B. Coelli, 2009. "Tuition fees and equality of university enrolment," Canadian Journal of Economics, Canadian Economics Association, vol. 42(3), pages 1072-1099, August.
    15. Neill, Christine, 2009. "Tuition fees and the demand for university places," Economics of Education Review, Elsevier, vol. 28(5), pages 561-570, October.
    16. Ralf Minor, 2023. "How tuition fees affected student enrollment at higher education institutions: the aftermath of a German quasi-experiment," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 57(1), pages 1-19, December.
    17. Havranek, Tomas & Irsova, Zuzana & Zeynalova, Olesia, 2017. "Tuition Reduces Enrollment Less Than Commonly Thought," MPRA Paper 78813, University Library of Munich, Germany.
    18. Qiong Zhu & Junghee Choi & Yi Meng, 2021. "The Impact of No-Loan Policies on Student Economic Diversity at Public Colleges and Universities," Research in Higher Education, Springer;Association for Institutional Research, vol. 62(6), pages 733-764, September.
    19. David Deming & Susan Dynarski, 2009. "Into College, Out of Poverty? Policies to Increase the Postsecondary Attainment of the Poor," NBER Working Papers 15387, National Bureau of Economic Research, Inc.
    20. Bruckmeier, Kerstin & Wigger, Berthold U., 2014. "The effects of tuition fees on transition from high school to university in Germany," Economics of Education Review, Elsevier, vol. 41(C), pages 14-23.

    More about this item

    Keywords

    economic impact; higher education; economics of higher education;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:35353. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.