Monday, November 30, 2015

Is a degree in liberal arts a good investment?

TOPICS: Education, Labor Economics
SUMMARY: For the first time, government data back up what some parents have long suspected: Students who choose elite liberal arts colleges don't earn as much early in their careers as those who attend highly selective research universities.
CLASSROOM APPLICATION: Students can evaluate whether the information provided by the College Scorecard is valuable to high school students who are selecting colleges and universities. They can evaluate whether providing information about the average earnings of a university's graduates, without providing information about the distribution of majors or about the earnings by major, is potentially misleading.
QUESTIONS: 
1. (Introductory) Does the Education Department's College Scorecard provide valuable information to high school students who are choosing colleges?

2. (Advanced) Does the Education Department's College Scorecard mislead students in any way?

3. (Advanced) Does the Education Department's College Scorecard provide valuable information to high school students who know they will major in English? Does the College Scorecard's information salary information about liberal arts colleges and major research universities suggest that these students should attend major research universities?

4. (Advanced) How do the percentage of students in each major and the majors offered, affect the average earnings of a college or university?

5. (Advanced) What type of slightly more-detailed information about earnings and college choices would be helpful to high school students selecting colleges and universities?
Reviewed By: James Dearden, Lehigh University

No comments:

Post a Comment