Open Yale CoursesECON 251: Financial TheoryLecture 8 - How a Long-Lived Institution Figures an Annual Budget. Yield<< previous session | next session >>Overview:In the 1990s, Yale discovered that it was faced with a deferred maintenance problem: the university hadn'tproperly planned for important renovations in many buildings. A large, one-time expenditure would be needed.How should Yale have covered these expenses? This lecture begins by applying the lessons learned so far toshow why Yale's initial forecast budget cuts were overly pessimistic. In the second half of the class, we turn to
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Yale, Open Yale Courses, Long-Lived Institution Figures