Available online
Description
This programme analyses the differences between the expected income of university graduates and non-graduates. individual decisions whether to invest in the future in hope of long-term reward or ta...ke a higher income at 18 are examined. By this means economic concepts such as, rates of return, private cost benefits, and discounting are introduced. These economic factors are placed in the context of the various factors influencing student choice, home background, motivation and expectation. A variety of graduates in their 20's and 30's discuss their attitudes and graphics sequences illustrate the economics.
This programme analyses the differences between the expected income of university graduates and non-graduates. individual decisions whether to invest in the future in hope of long-term reward or ta...ke a higher income at 18 are examined. By this means economic concepts such as, rates of return, private cost benefits, and discounting are introduced. These economic factors are placed in the context of the various factors influencing student choice, home background, motivation and expectation. A variety of graduates in their 20's and 30's discuss their attitudes and graphics sequences illustrate the economics.
| Module code and title: | ED322, Economics and education policy |
|---|---|
| Item code: | ED322; 02 |
| First transmission date: | 27-03-1977 |
| Published: | 1977 |
| Rights Statement: | |
| Restrictions on use: | |
| Duration: | 00:24:30 |
| + Show more... | |
| Producer: | Chris Cuthbertson |
| Contributors: | Marion Dain; Adam Westoby |
| Publisher: | BBC Open University |
| Keyword(s): | Brian Robson; David Hallam; Graduate and non-graduate incomes; Harry David; Patrick Reilly; Paul Patterson; Personal investment; Sam Hazley; Wendy Hayward |
| Footage description: | From the studio, Adam Westoby states that demand for higher education fluctuates. Over animations depicting the 'typical' graduate and the "typical" non-graduate, he generalises about the life styles of these two groups. Westoby interviews a group of graduates in a park. Three of them - David, Dain and Haywan explain why they decided to go to University. Westoby explains that the programme will examine the economic factors that affect the demand for higher education. Using an animated graph showing typical income patterns up to age 65 for graduates and non-graduates, he describes the economic benefits of being a graduate. In interview with Westoby four of the graduates give their views on the non-economic aspects of having been to university. Over a graph showing both the monetary and non monetary costs and benefits of having a degree, Westoby explains how the economic concept of discounting can be applied. He shows that there is a degree of overlap between the incomes of graduates and non graduates. Two graduates briefly explain why they do not regret having a degree. Westoby comments on the uncertainty facing graduates choosing a career. With the aid of a graph he describes some of the expectations of newly qualified graduates. Two of the graduates explain why they went into higher education. Westoby concludes the programme by outlining the implications of the 'Demand function' for higher education for educational planners. |
| Master spool number: | 6HT/72350 |
| Production number: | 00525_6139 |
| Videofinder number: | 3995 |
| Available to public: | no |
