Information About the Quality of Educational Goods
Monitoring University Courses - The Gap Between Desire and Reality
Summary
This paper shows that the distinction between search (= inspection), experience and credence qualities, well-known in the Economics of Information, is a useful guide for the assessment of educational goods. In view of the ever existing deficits of information on the demand side about the credence qualities, the internal evaluation of university courses is limited to the search and experience qualities. Considering the important component of experience characteristics, a feed-back of a university course during respectively at the end of a course is premature. As a first test, the author has therefore requested the same students, who have taken a course under his guidance one year before, to fill again a questionnaire. The results are presented and discussed at the end of this article.
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