Essay Example on Reduction of tuition in universities

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If tuition is held below equilibrium price then there is a likelihood of certain situations being born because of such decision will have great effect on both the state university as well as the students themselves Reduction of tuition means state universities will inadvertently in the near future or right away will generate a higher influx of applicants who would be attracted by the low rate of education Secondly the normal space used to educate students effectively will no longer prove to be productive This means that the proportion of the classes at the universities would be much be bigger affecting enrolled scholar s relations security and their ability to learn Thirdly the university would have decisions regarding staffing expansion and resources for example to meet the additional needs created if tuition is held below equilibrium price Additionally procedure would have to be put in place to prevent specific classes from being over booked On the other hand students will have to struggle to take the classes of their own preferences 2 Using the above mentioned situation education would not really be equally accessible as the rapid spike in applicants then forces state universities to then must change the methods by which applicants are filtered and admitted As an example by increasing the grade point average which applicants are judged there will be some certain grades that would have been considered suitable would now not be allowed to enroll 



Therefore creating diversity amongst the applicants there would be some who felt they were unjustly judged and not given a fair opportunity should their enrollment be rejected Also students who would have desires to attend a university within the state they are originally from due to their desire of being close to home would now have to apply to a university which is in another state or a community institute thus causing unexpected financial expenses to their families as well as themselves Another example would be that the university s dorm rooms their food services programs and even the parking lot area which are designated for both members of staff and student body will now be strained beyond its normal threshold due to the high invasion that is not a part of its norm Part B 1 The private market for flu vaccinations would produce an inefficient outcome as we as human being we tend to make choices that are not necessarily the most wise efficient and correct one With the privatization of the flu vaccines the price will vary amongst most companies and there will be persons in terms of their financial status that choose to get the shots or not Also if there is a large amount of participants in getting vaccine this can result in a shortage which may cause the price for the drug to increase to an amount that may or may not be affordable

An example would pertain to two different families both have two children and if one belongs to the lower income bracket that couldn t afford that flu vaccine as appose to the one in the higher income bracket then the resulting effect would differ Should the children of both of these families attend the same school and are in the same classes even though one set has been vaccine and the other is not if they are both exposed to the virus from other classmates the low income child would get sicker much faster than the other This results as they are occupying and sharing the same environment with others who may not also be able to acquire the vaccine or others who can afford but because of the parents decisions to choose not to get the vaccine has exposed a viral effect on the entire class as they are together for long periods of time 2 The government involvement can achieve efficient quantity of vaccinations as if it made to be a public good that is made mandatory for all to be given whether at a standardized low price or free to all This involvement means that the government can have control of the vast amount of vaccine needed to be administered to all citizens with having a shortage or even exasperating all their resources 



The controlled administering of the vaccination forces all to be vaccine should there be the willing and voluntary participants or those who oppose and object to getting the flu vaccination If the flu vaccination is made to be a public good this allows the government to control and or create preventative measures that can curb an out break of the virus which can result in an influx of children getting sick infecting others at school or home or other persons in the community developing the virus leading to long term illness such a pneumonia and having to be hospitalized This outbreak can have a disastrous effect as is can result in a epidemic where hospitals are overcrowded with patients and over worked employees 3 Private good is a good that is consumed by a single person or households a good that is rival in consumption and excludable It is an item that yields positive benefits to people An example is a piece of clothing As the owner of this item one can prevent other from using it by exercising private property rights unless it is paid for by the other party Public good is a good that is available for everyone to consume regardless of who pay and who doesn t it is a good that is both non rival in consumption and non excludable in that no one individual can be effectively excluded from its use An example is street lighting This cannot be owned by any one person as it is deemed invaluable to all as it provides a safe haven in the dark and allowing safe travel during unkind conditions


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