Cost and Financing in Open Schooling/Effiency and Effectiveness of ODL/ Efficiency

Efficiency
The most common way of measuring the efficiency of an education programme, institution or system of delivery is to divide the total costs by the total number of students. This involves using the Average Costs Equation, which was introduced in Unit 2.

Average Costs Equation:


 * ACs =  TC / TNs

Where:


 * ACs 	=	average cost per student
 * TC 	=	total costs for programme or institution as a whole
 * TNs	=	total number of students

Please refer to the following Sample Answers - Exercise 9.1

Please refer to common file Sample Answers for Exercises 9.2 and 9.4

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