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Business Skills for PhDs in Academia and Beyond: Campus Economics
by GradFUTURES
Louis A. Simpson A71
Louis A. Simpson A71, Princeton, NJ, United States
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Details
Instructor: Sandy Baum and Michael McPherson
Session Description: Sandy Baum and Michael McPHerson, former professors and experts in the economics of higher education, will discuss some of the ideas in their recent book, Campus Economics: How Economics Thinking Can Help Improve College and University Decisions. They will illustrate how economic concepts and reasoning can shed light on some of the difficult decisions facing faculty, administrators, and trustees on college campuses. The session will challenge participants to analyze some of their own questions in ways that can facilitate conversations among campus constituencies with different roles and perspectives. Participants will receive a copy of Campus Economics authored by Sandy Baum and Michael McPherson and published by Princeton University Press 2023
Cohort Description: Most people associate the term “business” with the private sector. However, business skills and models are widely applied in every sector: public, private and non-profit (which includes academia). You are acquiring many transferable skills in your Ph.D. program that can be applied in academic roles as well as within a variety of industries and job functions. Join the business skills learning cohort to better understand foundational concepts and language of business. This learning cohort includes experiential learning in the form of group capstone presentations under guidance of alum mentors.
Broad Topics include:
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Purpose, ethics, and responsibility: stakeholder theory
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Analysis of strategy and operations
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Data science in business
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Leadership and mentoring
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Negotiation
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Financial 360
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Business Communications
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Business of higher ed
Speakers
Sandy Baum
Non Resident Senior Fellow
Urban Institute
Sandy Baum is a nonresident senior fellow at the Urban Institute and professor emerita of economics at Skidmore College. Dr. Baum earned her B.A. in sociology at Bryn Mawr College, where she served on the Board of Trustees from 2012 through 2022, and her Ph.D. in economics at Columbia University. She has written and spoken extensively on issues relating to college access, college pricing, student aid policy, student debt, affordability, and other aspects of higher education finance.
Dr. Baum co-authored the College Board’s annual publications Trends in Student Aid and Trends in College Pricing from 2002 through 2019. She has published numerous articles on higher education finance in professional journals, books, and the trade press. She is the principalresearcher on the Urban Institute’s websites on college affordability and state grant aid and her recent work includes Urban Institute briefs on state grant programs, institutional accountability, funding short-term certificate study, and nontuition expenses. She is the author of Student Debt: Rhetoric and Realities of Higher Education Financing (Palgrave Macmillan 2016) and co-author of Making College Work: Pathways to Success for Disadvantaged Students (Brookings Institution Press 2017), Can College Level the Playing Field: Higher Education in an Unequal Society (Princeton University Press, 2022) and Campus Economics: How Economic Thinking Can Help Improve College and University Decisions (Princeton University Press, 2023).
Dr. Baum publishes frequent blog posts on the Urban Wire at https://www.urban.org/urban-wire/author/sandy-baum.
Michael McPherson
Non Resident Fellow
Urban Institute
Michael S. McPherson served as President of the Spencer Foundation for fourteen years before retiring in 2017. Earlier he was President of Macalester College in St. Paul, Minnesota for seven years. He is a nationally known economist whose expertise focuses on the interplay between education and economics. McPherson is co-author or editor of a number of books, including Can College Level the Playing Field: Higher Education in an Unequal Society, Campus Economics: How Economic Thinking Can Help Improve College and University Decisions, Lesson Plan: An Agenda for Change in American Higher Education, Crossing the Finish Line: Completing College at America’s Public Universities, The Student Aid Game, and Economic Analysis, Moral Philosophy, and Public Policy. McPherson was founding co-editor of the journal Economics and Philosophy. He has been a Fellow at the Institute for Advanced Study, at the Brookings Institution, and at the Mellon Foundation. He is an elected member of the American Academy of Arts and Sciences and of the American Philosophical Society. He is currently a non-resident Fellow at the Urban Institute.