I’m yet to read more than a fraction of the latest batch (though I think I am safe in predicting that ‘gimme money’ will be the dominant message), but there is at least one interesting submission – from Lawrence Cram, a Deputy VC at ANU, though for reasons that will become apparent the submission is personal rather than institutional.
What Cram does is apply econometric analysis to the expenditure of universities, along with their teaching outputs (as measured by completions) and research outputs (as measured by publications). I will have to wait on people expert in econometrics to judge the value of Cram’s model.
Cram’s finding is that expenditure per completion is around $26,600 and expenditure per publication of $226,600. Figure 2 in Cram’s paper indicates that these represent improved efficiency since 1996. This is plausible, given casualisation of staff and increased class sizes on the teaching side, and the pressures of publish or perish on the research side. Read the rest of this entry »