Provenance of program economics models

Posted by William F. Massy on Mar 5, 2020 10:47:30 AM

Recently I revisited last summer’s joint statement by AIR, EDUCAUSE, and NACUBO entitled, “Analytics Can Save Higher Education. Really.”  It’s something all of us analytically-minded higher education people can and should get behind.  I’m thrilled that these three organizations have made analytics a priority, and that they are working to spread the information and knowhow that will spur adoption.

Handwritten Sketch

Reading the statement reminded me of the tools we had to rely on before the development of today’s academic resourcing models that I've been writing about in these blogs.  The improvements are relevant for achieving the benefits described in the joint statement referenced above as well as my own Reengineering the University and forthcoming Resource Management for Colleges and Universities.  I'd like to share some of my experience in the early days of higher education analytics to show just how big a change the current models portend, and why that change is so important.

Topics: Undertanding Student demand, Programs, Program Margin, Program Economics