Read the article and answer the following questions:

Article Link:

"Higher education Creative destruction A cost crisis, changing labour markets and new technology will turn an old institution on its head" Jun 28th 2014 The Economist (https://www.economist.com/leaders/2014/06/28/creative-destruction)

Question: Considering the contents of the articles and the economics perspective, does college make good economic sense? (in third person)

1. Apply the economic principles and concepts from the economics perspective into discussion contributions
2. Explain ideas in detail using economic logic.
3. Consider about the The Economics Perspective:

• definition of economics -scarcity, choices, costs
• Rational Behavior
• Opportunity Cost
• Marginal analysis - MB vs MC
• Incentives matter
• Economic events create secondary effects
• Generalizations
• Other things equal - ceteris paribus;
• Macroeconomics vs Microeconomics;
• Positive Economics vs Normative Economics;
• 8 Economic goals;
• Economic fallacies;
• Voluntary trade;
• Economic models - Economic theory's ability to predict

Article Link:

"Higher education Creative destruction A cost crisis, changing labour markets and new technology will turn an old institution on its head" Jun 28th 2014 The Economist (https://www.economist.com/leaders/2014/06/28/creative-destruction)