Presentation Title

The Impact of Macro-economic Factors Such as Unemployment Rate, GDP Growth, and Exchange Rate on Post-Secondary Enrollment in Canada

Presenter Information

Yuri Andrianov

Location

IB 1015

Start Date

19-3-2016 11:30 AM

End Date

19-3-2016 11:45 AM

Abstract

This study will examine the impact of macroeconomic factors such as unemployment rate, GDP growth and exchange rate on student enrollment in Canadian post-secondary institutions. The Canadian post-secondary education system is increasingly dependent on tuition fees collected from students. Generally tuition fees cover more than 50% of the budget in Canadian post-secondary institutions. In recent times, facing budgetary deficits, provincial governments have cut funding commitments to the post-secondary institutions and consequently, universities and colleges have had to find ways to survive. Policy makers are interested in identifying factors that impact student enrollment because such knowledge will help in forecasting future enrollment scenarios. This study will focus on macroeconomic factors as these factors become important particularly after the 2008-2009 great recession.The results of this study may also generate interest among broader audiences since this study will shed light on the costs/benefits of economic recession and expansion. For example, a finding that recession negatively impacts student enrollment indicates another non-economic cost of recession. On the other hand, recession will have a beneficial impact of future productivity if the study finds that recession forces students to go back to school for skill enhancing education.

Department

Economics

Faculty Advisor

Ehsan Latif

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Mar 19th, 11:30 AM Mar 19th, 11:45 AM

The Impact of Macro-economic Factors Such as Unemployment Rate, GDP Growth, and Exchange Rate on Post-Secondary Enrollment in Canada

IB 1015

This study will examine the impact of macroeconomic factors such as unemployment rate, GDP growth and exchange rate on student enrollment in Canadian post-secondary institutions. The Canadian post-secondary education system is increasingly dependent on tuition fees collected from students. Generally tuition fees cover more than 50% of the budget in Canadian post-secondary institutions. In recent times, facing budgetary deficits, provincial governments have cut funding commitments to the post-secondary institutions and consequently, universities and colleges have had to find ways to survive. Policy makers are interested in identifying factors that impact student enrollment because such knowledge will help in forecasting future enrollment scenarios. This study will focus on macroeconomic factors as these factors become important particularly after the 2008-2009 great recession.The results of this study may also generate interest among broader audiences since this study will shed light on the costs/benefits of economic recession and expansion. For example, a finding that recession negatively impacts student enrollment indicates another non-economic cost of recession. On the other hand, recession will have a beneficial impact of future productivity if the study finds that recession forces students to go back to school for skill enhancing education.