Nobody downloaded yet

Academic Inflation - Research Paper Example

Comments (0) Cite this document
Summary
Education is the primary requirement of everyone and people who are planning to acquire the education of higher level have to be prepared for various challenges so that they can get the desired job in the market to make a successful career in their respective fields. Academic…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
Academic Inflation
Read TextPreview

Extract of sample "Academic Inflation"

Download file to see previous pages The educational authorities have raised the minimum education level requirements in the educational institutions and organizations which have created a significant problem in the business world. It has been reported by the U.S. Bureau of Labor Statistics that the graduates completing their education lack the skills and qualifications required for filling a job as they have not been given proper training in their institutions (Lan & Winters, 2011). The cost of education has risen at an accelerating rate as compared to the increase in the financial aids that are provided by the federal agencies.
According to SHEEO (2011), as people have insufficient funds available for covering the costs of college education, the number of graduates completing it has declined in the last few years. All of these factors have raised questions regarding the academic inflation that how lack of federal aids, increase in college/tuition fees, decline in wage increments and rising inflation rate are impacting the quality of college education.
Academic Inflation is described as the process by which the higher education degrees’ value gets inflated; it is the point at which the minimum level of education is required when the level of employment rises. In fact, there is no real need for highly skilled or trained employees for various jobs in the firms (Odland, 2012). As a result of the academic inflation process, the bachelor’s degree value has reached a level where the graduates face difficulty in finding a suitable position in the professional world and they have to acquire degrees of much higher level such as Master’s degrees and PhDs. The primary reason for such a robust growth in the academic field for higher level degrees is an accelerating rate of competition among the peers (Singell & Stone, 2007).
Along with increase in the demand of higher level degrees, the cost of acquiring them has ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Academic Inflation Research Paper Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved from https://studentshare.org/education/1607998-academic-inflation
(Academic Inflation Research Paper Example | Topics and Well Written Essays - 1750 Words)
https://studentshare.org/education/1607998-academic-inflation.
“Academic Inflation Research Paper Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/education/1607998-academic-inflation.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Academic Inflation

Inflation

...Inflation This is a very crucial term when talking about monetary issues. This is so because it is a phenomenon that affects money-related issues every now and then. Before going any further it is of essence to understand first what the term refers to. Simply put, inflation refers to the rise in the prices of goods and services in a given economy for a given period of time. When such a thing happens, it therefore means that each unit of currency in that particular economy buys fewer goods than what it could have purchased initially before the inflation. It is of importance to know that the concept of inflation is just not something that came about the other day but in...
3 Pages(750 words)Research Paper

Inflation

...INFLATION The concept if inflation is indeed an important component considering how it influences many aspects of life. The paper seeks to delve into the causes of inflation in order to illuminate the factors which lead to the persistent increase in the prices. In the same way, it will provide an analysis into some of the effects of inflation while focusing on the different types of inflation arising from different economic situations. Introduction Inflation is described to be a rate in which the overall price of goods and services is increasing while the purchasing power decreases in an economy (Nicholson 57). Inflation...
5 Pages(1250 words)Essay

Inflation

... Inflation Inflation is defined as the rise of the level prices of goods and services in a given economy over a certain period of time. In the event of an inflation or the rise of prices of goods and services in a given economy, the purchasing power of a given currency is diminished to the effect that it will now require more units of money for the same goods and services purchased or the number of goods and services purchased with the same amount of money is reduced. In effect, inflation is the loss or the diminishing of value of money in a given economy (Blanchard 45). In plain language, inflation is the instance where goods and services get expensive or the phenomena where people complain that the price of commodities is rising... ....
3 Pages(750 words)Essay

Inflation

...? Macro & Micro economics: Inflation Introduction Inflation is the of an economy when the general price level in the economy rises due to the falling value of money. This term involves a wide range of variables and does not have any fixed satisfactory definition. In common usage inflation refers to the state of the economy when the money supply is much higher than the physical quantity of goods available in the economy. According to Keynes, inflation refers to that phase of rise in the general price level after the output in the economy grows beyond the full employment level of output (Frisch, 1983). Inflation defined in this way refers to monetary...
6 Pages(1500 words)Essay

Inflation

...? Inflation In an economy, there are times at which goods and services cost rises so that a unit currency will buy less than a previous time when it could buy more. With this general increase in the price of commodities, the currency in use losses it high purchasing power and weakens in relation to the prevailing conditions of the economy (Berlatsky, 2013, p5). The effects of inflation can affect an economy in positive and negative ways or both positively and negatively simultaneously because it affects the differently. In many circumstances, there are different explanations that could be given to the rise of inflation in an economy and which could explain the reasons why a currency can...
6 Pages(1500 words)Essay

Inflation

...Inflation: An overview: Techniques on which success of a business in modern world relies differ considerably from the ones followed in the past. Thisis because the international market today, is controlled / influenced by things more than just owner’s equity, project feasibility considering the socio-political environment prevailing in the country, mood of the market, availability of shares and an awareness of marketing and business strategies. Whole world is going through a phase of economic recession. Despite much progress in the development of sound marketing strategies, increasing reliability on the use of technology to estimate future plans, widespread awareness of the economic decision making processes, readily...
6 Pages(1500 words)Essay

Inflation

...21 March Importance of Price Stability in an Economy with respect to Inflation and High Rising Prices No consumer on this planet would like a situation of dealing with fluctuating prices with respect to the goods and services sold in the market. Stable prices eliminate all kinds of doubt and confusion on the part of the customer, while making it important for the producer to fix his costs and bring about cost effectiveness while trying to retain a certain amount of profit. In an economy, general price levels when stable are of keen interest to the consumers, thus. However, actual price stability refers to a situation when the prices of the goods and services do not change for a prolonged period of time. The general...
6 Pages(1500 words)Essay

Inflation

...INFLATION: A HIDDEN TAX? Term Paper April 16, 2064 Words   This paper focuses on inflation, what it is and how it affects economy. It discusses the broader definition, factors causing inflation and how it can be estimated using indicators. This paper also outlines a detailed discussion of the effects inflation with respect to economic development, economy growth as well as on the society. This discussion concludes by outlining control measures necessary to manage inflation and the alternatives polices that can be taken by the government to manage inflation. Introduction Inflation refers to increment of price levels in...
7 Pages(1750 words)Essay

Inflation

...of competitiveness, reduction of budget deficit, increase employment rates, and aid in economic recovery. Since economic recovery is the key to reduction in budget deficit. He suggested that Countries should stop the use of the Euro and maintain their own currency. Most countries agree that the renewal of the economic growth is vital in saving the Euro (Pettinger, 2012; Pg. 68). The obstacle is that the effects of steps such as having a banking union, the recently agreed rescue plan may have positive effects to the banking system but may not have any effect to raise the competitiveness in the region’s economies. The second option was inflation, where the country should try to boost the demand in her economy in order to...
5 Pages(1250 words)Literature review

Inflation

...Article Summary 11th May Rise of India as an Economic Powerhouse India is expected to emerge on top of the other BRIC nations, they are; Brazil, Russia, and China. This emergence can be attributed to the election of a government that is pro-business in last year’s election. Since India attained her independence, the economic history can be divided into two phases. The 1947 to 1991 phase and the one after 1991(Picardo, 2015). The Indian economy was faced with internal issues that included; war, religious riots, shattered economy, poverty and high illiteracy levels. These issues were pivotal in shaping the country’s socialist economic policies. This led the country to rely less on imports and, therefore, encouraged self-reliance... Summary 11th ...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Academic Inflation for FREE!

Contact Us