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Explain how the higher education industry is similar to a marketplace using terms and concepts
commonly used by economists. For example, how do concepts such as demand and supply,
buyers and sellers, and competition and production relate to our study of the economics of higher
education? Throughout this course, you will gain a sharper understanding that economics and
budgeting are primarily about making decisions and planning ahead. What are some biblical
principles that can be applied to making choices and planning?
Support your discussion from a biblical worldview with specific Scripture passages. The paper
must include at least 3 references in addition to the Bible. Be sure to clearly identify major parts
of your paper using section headings. The body of the paper must be 1,000–1,200 words.
This assignment must reflect current APA style, which includes, but is not limited to, using one
inch margins on all sides, 12-point Times New Roman font, consecutive page numbers in the
upper right corner of the header, a title page, an abstract, and a reference page.
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