The economics of managing a university
Bibliographic Data
| ID | 14690148 |
|---|---|
| Authors | Graham Bird (0000-0003-1089-8435, University of Surrey, corresponding author) |
| Year | 1992 |
| Volume | 17 |
| Issue | 3 |
| Pages | 265-280 |
| Publication date | 1992-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Studies in Higher Education (JOURNAL) |
| Journal identifiers | ISSN: 0307-5079 • E-ISSN: 1470-174X |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/03075079212331382537 |
| OpenAlex | W2102546619 |
| Language | EN |
| References cited | 8 |
Universities in the United Kingdom have encountered significant problems during the 1980s and early 1990s, culminating in many of them facing acute financial difficulties. There is no reason to believe that these problems will disappear as a result of any major increase in resources from the Government. Instead, universities are under pressure from the Universities Funding Council to take additional students on a fees only basis and thereby reduce the average cost of university education. At the same time, the universities are being asked to audit the quality of their teaching and research more fully and to ensure that this is not adversely affected. Many of the problems faced by universities are of an economic nature and economics can make a useful contribution to understanding them and coming up with internally consistent answers. This paper identifies a range of specific issues that regularly appear on the agendas of university senates, such as the demand for university places; policy on overseas students; and the allocation of resources between departments. It then introduces and employs basic economic principles to shed some light to each of these issues. Although much of what emerges is relatively straightforward, it is sometimes starkly at odds with the ways in which universities have been managed in the past. Greater attention to the economic analysis of universities and their mangement might generate the gains in efficiency that are being sought
Audit · Economic growth · Economics · Higher education · Odds · Political science · Public economics · Public relations · Higher Education and Employability · Higher Education Governance and Development · Higher Education Research Studies · Accounting
| Citation velocity | historical |
|---|---|
| Highly cited | No |