Tvcc: Econ 201

The following blog explains elasticity and utility of the desire to attend college. When there is a raise in the cost of attending college, numbers tend to be inelastic in public schooling because the tuition is lower, moves slower and more consistently.  Because of the way public tuition changes you will see very little change in attendance numbers.  Private college is considered elastic because they typically have a higher tuition than public schools which causes a greater variant in attendance.   When a college changes their tuition they are consequently changing the demand of students to attend.  Based on wether the demand goes up or down the college will alter their supply,  which are the incentives the school gives to a student for attending.  College is a secondary eduction which means it's succeeding the amount of required education (k-12).  Because college isn't required some don't see any usefulness in college, as a college student I find it to be very useful.

College is a business where you give time and money in exchange for knowledge.  As a business college is affected by the laws of supply and demand, where demand is represented by the amount of students desiring to attend a specific college.  Based on the demand a college sees they will either have to give greater or less incentives,  what the student gets from attending a specific college is the supply. The way that supply and demand interact depends on the amount of students desiring to attend college.  If the demand is low there will need to be a greater amount of incentives offered by the college such as scholarships, financial aid, or other resources to increase the demand for attendance. If there is already a high demand there won't need to be any incentives to attract desire. https://docs.google.com/document/d/1__EdlqER0R3yOoemTxKUZ3z9obfroWdXco339eVw4oM/edit The graph shows how a raise in demand (d.1) can allow a college to reduce its supply (s.1) improving  its margina

This blog is about the underlying aspects that contribute to deciding where to attend college.  The biggest decision that I have had to make to this point in my life was where to go to college.  Getting and education is crucial in todays world and equally important is to be smart with debt.  Considering how to both get an education and walk away with as little debt as possible can be a staggering task, especially when you add all of the other deciding points specific to your lifestyle.  You can't just look at the total amount that tuition ends up being.  To understand your budget constraints fully you have to make a decision based on your income and the payment method you choose.  Another impactful decision on choosing where to attend college is the community.  From my initial experiences there is a lot of opportunity costs depending on what you're able to do in the community. My decision involved leaving an opportunity for employment for an opportunity to play sports, affe