MEASURING UNIVERSITY COSTS

EXPLAINER SERIES

Solving the Joint and Common Cost Problem

Explainer 2
by HERG
05 January 2024

The joint and common cost problem arises where there are two or more outputs that arise from costs that are shared in the production of these outputs.

In many situations, the ability to assign costs to these two or more outputs is not complex. But there are instances where it is highly complex. In these situations, there is a need to use advanced analytics to provide a valid and reliable estimate of costs.

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Recently released analysis finds that one large Group of Eight university outperformed other public universities in its research and education productivity outcomes during the pandemic.

The need to measure costs and productivity in higher education is crucial for the effective and efficient use of resources.

Last week in The Australian, Australian National University economics professors Bruce Chapman and Rabee Tourky reignited a debate about a levy on international student tuition revenue (“Universities should pay levy on ‘foreign student industry’ ”, 15/11).

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