Tvcc: Econ 201

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) improvi...

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 o...