article on drop in humanities/arts majors

bovertine
Wed, 10 Nov 2010 11:07:59 +0000

What happened to the law of supply & demand? If the universities and colleges want more humanities majors, cut the price.

I’m not sure about cutting the price, but I think some schools (primarily public) already charge extra fees for some majors (like engineering and business). Not sure it’s enough of a differential to affect the S-D. You’d probably have to look at the elasticity of demand for these majors.

I think the reason they do it is they claim higher costs for those majors.