A Local University Is Considering Changes to Its Class Structure

question 101

Essay

A local university is considering changes to its class structure in an effort to increase professor productivity. The old schedule had each professor teaching 5 classes per week, with each class meeting an hour per day on Monday, Wednesday, and Friday. Each class contained 20 students. The new schedule has each professor teaching only 3 classes, but each class meets daily (Mon.-Fri.) for an hour. New classes contain 50 students.
(a) Calculate the labor productivity for the initial situation (students/hour).
(b) Calculate the labor productivity for the schedule change (students/hour).
(c) Are there any ethical considerations that should be accounted for?
(d) Suppose that each teacher also is required to have 2 hours of Office Hours each day he/she taught class. Is the schedule change a productivity increase?

Distinguish between extensive form and strategic form representations of games.

Understand the application and limitations of backward induction and subgame perfection.

Assess the effects of potential entry and exit strategies in competitive markets.

Understand the concept of Nash equilibrium and its implications in game theory.

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Definitions:

Quantum Change

Significant, radical transformation or shift in an individual's perspective, often unexpectedly or quickly.

Employee Involvement

The degree to which employees are encouraged to contribute ideas and participate in decisions that affect their work and the organization.

Ethical

Ethical pertains to the principles of right and wrong that guide individual conduct and the decision-making process within an entity.

Dreaming

A mental activity that occurs during sleep, consisting of vivid imagery, thoughts, or sensations.