 Opportunity cost of a romanian studentFelix-Constantin Burcea Annals - Economy Series, 2010, vol. 4.I, 66-74 Abstract: Making compromises implies always to compare costs and benefices. What you earn represent the benefice, which usually depend on the personal preferences of a person and what you sacrifice represents the cost. The opportunity cost is the cost of the best alternative at which is given up when a choice is made, meaning is the cost of the sacrificed chance. This is a key concept in economics, representing the cost’s correct measure of all what we are doing. In the herein article, we will fallow the opportunity cost of a student who takes part at university classes. At first sight, graduating cost is the scholarship tax which the student has to bear it annually, but for a strictly economical evaluation we will have to consider other costs also. The economist’s mind is thinking immediately at the job which the student could have had if he wouldn’t went at the university and at the revenue that he could’ve earned. We propose to analyze the fallowing cases and to establish the best choice of a Romanian student in the actual period: - the high school graduate to work ever since the end of the high school and to give up at the university; - the high school graduate to fallow an university and work in all this time; - the student to finish university and work afterwards. Keywords: oportunity cost; education; university (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2010:v:4.i:p:66-74 Access Statistics for this article More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC. |
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