The Economic Perspective: “A Shake-up in Universities”
Mary: I’m Mary Walden, with economist MW, welcoming you to the economic perspective. Today’s program looks at a shake-up in universities. Mike, many universities are beginning the academic year totally on-line, while others are using a combination of on-line and in-person classes. Either way, with Covid-19 still present, the university experience is much different today than in the past. Will this difference remain long after the virus is gone?
Mike: Summary Answer
- Universities and colleges are now having changes forced on them, changes that many said they didn’t to consider anyway
- College costs have been some of the fastest rising among all costs
- Colleges have been encouraged to look for ways to reduce costs, and on-line teaching is one way
- Big savings in in classrooms and buildings
- Also the potential for on-line classes to be done by the best teachers, with one-on-one experiences being done by assistants
- Obviously not all classes lend themselves to on-line – sciences, design and engineering
- There is a worry that students who want the total college experience may not go to college if most is on-line
- Still, colleges will now have experience seeing if works
- I’m MW
Mary: And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.