Assignment: Supply and Demand Paper
Due Sunday Day 7 – XECO/212
Instructor- Robert Peart
Student- Emily Hopple
I have had the personal experience of purchasing my college education. Picking a college was very challenging and I had huge amounts of pros and cons to weigh throughout my decision process. I knew that going to college and receiving a college education would be a wise investment and would better benefit me in the future financially. The supply and demand for a college education has changed over the years, thirty years ago a person might not have gone to college or paid for a college education and degree but that person still had a good chance of finding a steady job and becoming successful. An example of this would be my father, he has worked for his company for forty years and he does not have a college education but he has become extremely successful within his company. My father’s company now requires everyone that they hire to have a college education and at least an Associate degree but the company prefers for future employees to have a Bachelor degree.
The factors that could cause possible changes in supply and demand for college would be the job demand, economy, technology, and the financial status that each person carries. Job demands can be a cause of supply and demand due to the fact that many jobs do require their employees to have a college education and have knowledge of that particular field along with being trained. Many employees will want to move up in their job in order to get higher pay and to become more successful. At times it can be challenging to move up in a company without a college education and without a college education employees tend to get paid less verses an employee who is college educated. Economy has gotten worse and people depend on their jobs and incomes to pay bills and take care of their families, having a college education will help a person to make more money which means a earning a bigger income....
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