Jim Jump considers the conflicts between doing the right thing, doing the right thing to help the bottom line and doing what you can afford. Is it ethical for a college to offer a lower discount rate to a prospective student who is likely to enroll than to one who is on the fence? There is, however, a larger issue embedded in the piece worth considering. What is the interplay between economics and ethics in college admission? Are they competing values? Is there an inherent tension between the two?
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Consider external economic factors and anti-trust regulations. I believe that studying Economics with Business Management at Columbia is the next step in developing my interests towards a career that serves society. While my interest started off technical, I slowly realized I was more excited by profitability ratios, calculating costs, and making sales than I was by repairing hardware. In addition, I participated in the National Economics Challenge, applying principles of macro and microeconomics to solve real-life scenarios.
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