Cost and Financing in Open Schooling/Effiency and Effectiveness of ODL/ Efficiency/Exercise 9.2

Efficiency & Cost-Effectiveness Ratios
A community college in Canada offers its programmes through both conventional, face-to-face classes and paper-based distance education materials. Information for 2004 on total student enrolments, total graduates and total costs for both modes in relation to the Certificate in Cost Accounting programme are given in the table below:

EQUATION

ER =  ACa ÷  ACb

Where:
 * ER 	=	efficiency ratio
 * ACa 	=	average cost per FTE student for programme/institution A
 * ACb 	=	average cost per FTE student for programme/institution B