An Investment Analysis of Vocational Programs Offered in Missouri Junior Colleges
Administrators of the public junior colleges in Missouri are faced with two major problems. First, there is an increasing number of students demanding post-secondary education. Second, apathy of voters and legislators toward financial support of our educational institutions is increasing. A study entitled Missouri Public Junior Colleges: A Report to the People revealed that in 1960 there were approximately 600,000 students enrolled in two-year institutions of higher education in the United States. The report further stated that in 1971 the enrollments would climb to 2,000,000 and that by 1980 the projected enrollments would approximate 4.4 million. This predicted growth pattern has been observed in Missouri with the enrollments increasing by approximately 20 percent per year. The report cited above also confirms the second major problem as state aid for Missouri junior colleges has been decreasing over the past few years. Voter apathy, although more evident in secondary schools, is a force that can affect the junior college as programs are expanded to meet the increasing student demand.
Costs and Returns for Two Years of Postsecondary Technical Schooling: A Pilot Study
N THE past decade the subject of investments in education has received considerable attention from economists, in theoretical and empirical works.' Much of the empirical work has been concerned with aggregate investments in schooling. The authors of this paper have conducted a study concerned with a specific type of investment in education -two years of postsecondary technical schooling. In order better to estimate the costs and returns of investment in technical schooling, the study was designed so that (1) technical school graduates are compared with high school classmates who had similar academic records but did not take any formal education or training for civilian employment after graduation from high school; (2) income data collected exclude income received from ownership of physical capital; (3) a substantial amount of time series data on incomes is available covering the period of schooling and a minimum of four years after schooling; (4) data are available on fringe benefits, one important source of
Energy
Energy is often defined as the ability to do work. There are many forms of energy. A few examples include; Gravitational energy, Kinetic energy (energy of motion), Thermal energy (heat energy), Potential energy. Potential energy is the energy something has based on its position in the universe. A stretched elastic band has potential energy. A rock held up in the air has potential energy based on its position.