Managing Class Sizes (Part 1)
One of the things that many people misunderstand about higher education is the way the economics of classrooms actually work; in particular about the relationship between enrolments, teaching complements, teaching loads, and class sizes. Today and tomorrow, I want to tease these out a bit. For this post, let’s take a faculty with 100 professors, which admits 500 students per year and has 10% attrition per year, which translates to 1720 students total. That means it has a student-professor ratio