StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Analysis case with economics theory - Essay Example

Cite this document
Summary
The issue of online and classroom learning has recently become a serious one and one can’t avoid making a decision between the two methods of learning for such an institution. As the university president, it is my role to make a wise choice for this institution with regards to…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.7% of users find it useful
Analysis case with economics theory
Read Text Preview

Extract of sample "Analysis case with economics theory"

Reserving Online s for Specialized, Graduate-Level Seminars And Concentrating On room Teaching The issue ofonline and classroom learning has recently become a serious one and one can’t avoid making a decision between the two methods of learning for such an institution. As the university president, it is my role to make a wise choice for this institution with regards to the mentioned methods. I choose to reserve online courses, though with many advantages, for specialized graduate-level seminars and concentrate most of our efforts to classroom learning.

My reasons for that include the affordability of classroom learning, the utility derived from a one-on-one interaction both between the students and with their tutors and employment opportunities that arise from physical learning institutions.Starting off with the costs, basic classroom learning doesn’t require any special equipment besides the usual paper and pen for the majority of the courses. Most campuses offer accommodation cheaply for their students besides subsidized meals. These ensure the costs are kept down so that more and more people can have the privilege of accessing university education.

Compared to online learning, lots of costs are incurred with reference to high-speed internet costs, powerful computers and having to rent a house at high costs if one isn’t lucky enough to study from home.The advantage of having many students enables economies of scale and thus most costs can be cut for affordability’s sake. It is an advantage in the sense that students stay on the campus and focus on studying and developing other skills being aware that their other needs are taken care of.

My second point for classroom learning is a lack of interaction among the students themselves and between the students and their teachers (Filimban 66). This leads to the students not developing their mental capabilities beyond what they know due to less challenges and the tendency to have ‘closed minds.’ Compared to classroom learning where students get to share ideas freely thus enhancing thinking capacities and developing better personalities through socializing with others, online learning only aims to impart knowledge and little else.

It should thus be left to specialized graduates who have already developed their characters accordingly and need the special knowledge to further their professions.Online learning removes the natural and traditional hands-on experience where one learns through practical settings that ensure the lessons are absorbed and kept well. The fact that classroom learning brings the students into direct contact with their tutors ensures discipline and hard work as they are monitored and given directions.

It also encourages healthy competition when questions are raised and students invited to participate. Through that they develop their confidence and quickness of thinking (Filimban 89).My third point is that of employment opportunities that arise from physical learning institutions. Bright students are usually retained by universities to serve as junior lecturers and in other sectors. This university has been doing that and has no reason for stopping. This has served to motivate students to perform well since it is a kind of job security.

Another area for employment is the non-teaching staffs that include librarians and others who find no place or nothing to do when there are only online learning institutions.Work CitedFilimban, Ghadeer. Factors that Contribute to the Effectiveness of Online Learning Technology at Oregon State University. New York: ProQuest, 2008.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Analysis case with economics theory Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1616896-analysis-case-with-economics-theory
(Analysis Case With Economics Theory Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/macro-microeconomics/1616896-analysis-case-with-economics-theory.
“Analysis Case With Economics Theory Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/macro-microeconomics/1616896-analysis-case-with-economics-theory.
  • Cited: 0 times

CHECK THESE SAMPLES OF Analysis case with economics theory

The Benefits from Competition - Some Illustrative UK Cases

At the same time, the two major competition policy bodies in the UK - the Office of Fair Trading and the newly renamed Competition Commission - have expanded, developed new areas of expertise and, possibly most adventurous of all, they have both been put into the hands of professors of economics.... For example, a most prominent case of Tesco who monopolizes the retail market in the UK, in spite of having an obvious monopoly with 30% of the marketplace (a monopoly is defined normally as above 25%), its growth has gone unchecked by Competition Commission....
8 Pages (2000 words) Case Study

The Paradox of Thrift

The author of the current case study "The Paradox of Thrift" states that in John Maynard Keynes's 1936 groundbreaking book titled The General theory of Employment, Interest, and Money Keynes parted ways with the classical view of economics and investment by putting forward the Paradox of Thrift.... However, deeper inspection reveals that both theoretical perspectives are capable of producing bidirectional causality, and this limits the usefulness of theory for resolving this crucial matter" (p....
10 Pages (2500 words) Case Study

Economic Analyses of Collusive Bidding Behavior

As part of going through the explanation, the theory of supply and demand will be used to explain what really happens in the market of school milk.... The economic issues behind the procurement process and the nature of auction for school milk will be provided to give the readers a better understanding of the case study.... In response to the case study, some of the key economic issues that could explain the development of collusion in school milk auction will be identified and tackled in details....
8 Pages (2000 words) Case Study

Why Oil Prices are dropping

dentification of applicable theoriesThe economic theory of demand and supply is applicable in this case.... The theory states that when the supply is high, the prices of a commodity are low.... nalysisAccording to the economic theory of demand and supply, the oil producing countries are able o to see an increase in the prices of oil.... lternativesThe theory of competitive rivalry provides that a market player can intentionally cause the prices of commodities in the market to fall below the equilibrium price, for the sake of hurting and driving away its competitors....
2 Pages (500 words) Case Study

Money, Credit and the Role of the State

It has been added in this case that the land that has been cultivated for the first time, the rate of return will be the same as earlier and it can be the fifty percent or the hundred quarters of the wheat.... But in this case, it has been seen that the general profits are the ones that are regulated by the profits that are made on the stock and this is the profits that have been made on the least possible employment of capital on the agriculture on that particular land....
8 Pages (2000 words) Case Study

Poverty Line Measurement Analysis

Key sections are outlined to achieve this end: a review of the theory; empirical analysis of the data; policy recommendations and conclusion.... The study "Poverty Line Measurement analysis" seeks to determine whether the “one dollar-a-day” poverty line is a reasonable indicator of poverty across the world.... It also uses qualitative analysis of available second-hand sources to explore the limitations of the framework....
8 Pages (2000 words) Case Study

Behavioral Economics of the Save More Tomorrow

On the other hand, albeit on the basis of traditional economic theory, it is imperative that employees are given control and made aware that they have a choice.... iewed from the perspective of traditional economic theory, decisions are arrived upon by maximizing utility functions in which all the relevant preferences and constraints are appropriately included and weighed....  This study "Behavioral economics of the Save More Tomorrow" evaluates the concept of choice architecture and the Save More Tomorrow schemes adopted in the US and the UK....
7 Pages (1750 words) Case Study

Expected Utility Theory

This work called "Expected Utility theory" describes this economic theory, its advantages.... From this work, it is clear that the expected utility theory is not effective in determining people's choices.... The author outlines factors in psychological needs, aspects of prospect theory.... A rational decision-maker obeys all the four axioms of expected utility theory.... xpected utility theory is a theory that explains how people make choices in the economy....
9 Pages (2250 words) Case Study
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.
Contact Us