Economics 353 Lecture 11

Economics 353 Lecture 11 - Economics 353 Lecture 11...

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Economics 353 Lecture 11 Northern Farming Before the Civil War
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How much does it cost you to get a job? What does it cost you or your parents for you to get a job? Cost of college education: tuition, room and board, books, fees, and foregone earnings.
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Foregone earnings What you would be able to earn if you did not go to college.
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Cost of your college education Easily $100,000 or more. Who pays for this? You Your parents State of New York Other financial aid donors
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What about after college? Will you get a job right away? Will you need financial support from others? How much would that cost before you found a steady job?
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Imagine yourself Imagine yourself on a frontier farm in the North before the Civil War. Census Bureau defined frontier as areas with 2 to 6 people per square mile. This could be one family. A family with 5 children living alone in one square mile would produce a population too dense to be on the frontier.
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What would you need to do? Before land could be farmed it needed to be cleared. It had to be cleared of trees and stones.
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This note was uploaded on 09/20/2011 for the course ECO 353 taught by Professor Johnrizzo during the Spring '11 term at SUNY Stony Brook.

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Economics 353 Lecture 11 - Economics 353 Lecture 11...

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