Professional Documents
Culture Documents
Overview
Background
Outline of policies
Advantages and disadvantages of policies
Application of policies to Exeter University
Conclusion
Background of:
2. Public vs private schools - Smith promoted private schools since less Govt
intervention and more sustainability was needed.
3. Free market of professors - idea that salary is based on ability to attract students.
In Smiths time:
Smith felt that Scottish higher education system was superior to the endowment
driven English system
Scottish lecturers had fairly small salaries and depended on the students that
they attracted for their course, for the majority of their income. Students also
paid honoraria to specific lecturers- an incentive based system
Smith felt that England and the rest of Europe should indeed adopt this Scottish
system
Endowments should be spent on universitys infrastructure instead
- Honoraria means that the best lecturers will still have high incomes and
so do not need to worry about the removal of endowments. Best
lecturers will remain at Exeter and so will world class teaching
- May lead to a contest of popularity between lecturerssome lecturers may have good relations with the students,
but not actually be good at teaching. Students are also not
mature enough to choose their courses. This will lead to a
drop in exam performances for Exeter students and
therefore a fall in rankings and reputation
Question#1
Should endowments be mainly used to fund lecturers
salaries or should it be spent elsewhere?
A- It should be used to fund teachers only
B- It should be used to fund other aspects of the university and not fund the lecturer's
salaries
C- It should be a mixture, and the best lecturers salaries should be financed by the
endowments
Smiths policy:
Thought there should be more private education to free up expenditure for the
government
Advantages
Disadvantages
Government bursaries
Increased competition for public school places
Corruption
Question#2
What is the biggest disadvantage of the private
provision of schools?
A-Education will not be available to everyone, the poor will be excluded
B-Private education may not necessarily improve the quality of teaching
C- Creation of a monopoly and an elitist group within the education sector
D-Public schools will become more oversubscribed and so their level of teaching will
fall
Reduction in X-inefficiency
Analysis:
Questions #3
Should a free market system of lecturers be applied to
Exeters Economics degree?
A- It should be applied because it will improve the teaching standards dramatically.
B- It should be applied because the students deserve to choose their lecturers/courses
because they will be paying the themselves
C-It should not be applied, students will not know who the best lecturer/course is
within a short period of time
D- It should not be applied, John Maloney is the best lecturer in the department, and
so his course would be oversubscribed and many people would be left out of the
lectures
Conclusion