Explain how the higher education industry is similar to a marketplace using terms and concepts commonly used by economists.

Brief Paper: The Higher Education Marketplace Assignment Instructions

Explain how the higher education industry is similar to a marketplace using terms and concepts commonly used by economists. For example, how do concepts such as demand and supply, buyers and sellers, and competition and production relate to our study of the economics of higher education? Throughout this course, you will gain a sharper understanding that economics and budgeting are primarily about making decisions and planning ahead. What are some biblical principles that can be applied to making choices and planning?

Support your discussion from a biblical worldview with specific Scripture passages. The paper must include at least 3 references in addition to the Bible. Be sure to clearly identify major parts of your paper using section headings. The body of the paper must be 1,000–1,200 words.

This assignment must reflect current APA style, which includes, but is not limited to, using oneinch margins on all sides, 12-point Times New Roman font, consecutive page numbers in the upper right corner of the header, a title page, an abstract, and a reference page.

Required Resources

Barr, M. J., & McClellan, G. S. Budgets and Financial Management in Higher Education (3rd ed.) San Francisco, CA: Jossey-Bass, Inc., 2018. ISBN: 9781119287735.

Toutkoushian, R. K., & Paulsen, M. B. Economics of Higher Education: Background, Concepts, and Applications. New York, NY: Springer, 2016. ISBN: 9789401775045.