Online Learning Online learning is on the increase in the US as of 2014 for

Online learning online learning is on the increase in

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Online Learning Online learning is on the increase in the U.S as of 2014 for every three students, one of them is taking an online course. It also have seen millions of students world-wide enroll in MOOCs which is in partnership with world-leading universities such as MIT. With 6 percent of all degrees for bachelors being awarded online, its importance cannot be overstated. Online programs gives a tough competition to the traditional learning system by providing extra choices in regions that had only limited faculties. Apart from building up competitive pressure, online programs are expected to lessen economic rents and increase price competition. Lastly, change in resource distribution is probably due to competitive pressure. Conclusion In summation, nonprofit higher education has come a long way in helping students get quality education at a very subsidized fee. It has withstood all the challenges that have come its way and continued to be a reliable and trusted market for academic excellence and also economics viable. Furthermore, fundamental research have indicated that most of the higher education industries have experienced higher rate growth which clearly showcases that education provide explanation to key economic concept to people who are non-economist.
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NON-PROFIT HIGHER LEARNING 6 References A popular college investment promised students a career, but didn’t pay off – The Washington Post".washingtonpost.com. Retrieved 18 February 2017. Carlstrom, C. T., & Fuerst, T. S. (1997). Agency costs, net worth, and business fluctuations: A computable general equilibrium analysis. The American Economic Review, 893-910. Clotfelter, C. T. (1999). The familiar but curious economics of higher education: Introduction to a symposium. Journal of Economic Perspectives, 13(1), 3-12. Deming, D. J., Lovenheim, M., & Patterson, R. W. (2016). The Competitive Effects of Online Education (No. w22749). National Bureau of Economic Research. Winston, G., & Zimmerman, D. (2004). Peer effects in higher education. In College choices: The economics of where to go, when to go, and how to pay for it (pp. 395-424). University of Chicago Press. Winston, G. C. (1999). Subsidies, hierarchy and peers: The awkward economics of higher education. Journal of economic perspectives, 13(1), 13-36.
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  • Fall '19
  • U.S. Department of Education, Gordon Winston

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