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Legacy Preferences
Legacy preference or legacy admission is a preference given by an institution or organization to certain applicants on the basis of their familial relationship to alumni of that institution. It is most controversial in college admissions, where students so admitted are referred to as ''legacies'' or ''legacy students''. The practice is particularly widespread in the college admissions in the United States; almost three-quarters of research universities and nearly all liberal arts colleges grant legacy preferences in admissions. Schools vary in how broadly they extend legacy preferences, with some schools granting this favor only to children of undergraduate alumni, while other schools extend the favor to children, grandchildren, siblings, nephews, and nieces of alumni of undergraduate and graduate programs. A 2005 analysis of 180,000 student records obtained from nineteen selective colleges and universities found that, within a set range of SAT scores, being a legacy raised an appl ...
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Harvard Yard Im Sommer
Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher learning in the United States and one of the most prestigious and highly ranked universities in the world. The university is composed of ten academic faculties plus Harvard Radcliffe Institute. The Faculty of Arts and Sciences offers study in a wide range of undergraduate and graduate academic disciplines, and other faculties offer only graduate degrees, including professional degrees. Harvard has three main campuses: the Cambridge campus centered on Harvard Yard; an adjoining campus immediately across Charles River in the Allston neighborhood of Boston; and the medical campus in Boston's Longwood Medical Area. Harvard's endowment is valued at $50.9 billion, making it the wealthiest academic institution in the world. Endowment inc ...
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Harvard College
Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher learning in the United States and among the most prestigious in the world. Part of the Faculty of Arts and Sciences, Harvard College is Harvard University's traditional undergraduate program, offering AB and SB degrees. It is highly selective, with fewer than five percent of applicants being offered admission in recent years. Harvard College students participate in more than 450 extracurricular organizations and nearly all live on campus—first-year students in or near Harvard Yard, and upperclass students in community-oriented "houses". History The school came into existence in 1636 by vote of the Great and General Court of the Massachusetts Bay Colony—though without a single building, instructor, or student. In 1638, the colle ...
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Research Universities
A research university or a research-intensive university is a university that is committed to research as a central part of its mission. They are the most important sites at which knowledge production occurs, along with "intergenerational knowledge transfer and the certification of new knowledge" through the awarding of doctoral degrees. They can be public or private, and often have well-known brand names. Undergraduate courses at many research universities are often academic rather than vocational and may not prepare students for particular careers, but many employers value degrees from research universities because they teach fundamental life skills such as critical thinking. Globally, research universities are predominantly public universities, with notable exceptions being the United States and Japan. Institutions of higher education that are not research universities (or do not aspire to that designation, such as liberal arts colleges) instead place more emphasis on st ...
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Affirmative Action In The United States
Affirmative action in the United States is a set of laws, policies, guidelines, and administrative practices "intended to end and correct the effects of a specific form of discrimination" that include government-mandated, government-approved, and voluntary private programs. The programs tend to focus on access to education and employment, granting special consideration to historically excluded groups, specifically racial minorities or women. The impetus toward affirmative action is redressing the disadvantages associated with past and present discrimination. Further impetus is a desire to ensure public institutions, such as universities, hospitals, and police forces, are more representative of the populations they serve. In the United States, affirmative action included the use of racial quotas until the Supreme Court ruled that quotas were unconstitutional. Affirmative action currently tends to emphasize not specific quotas but rather "targeted goals" to address past discrimina ...
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College Recruiting
A college (Latin: ''collegium'') is an educational institution or a constituent part of one. A college may be a degree-awarding tertiary educational institution, a part of a collegiate or federal university, an institution offering vocational education, or a secondary school. In most of the world, a college may be a high school or secondary school, a college of further education, a training institution that awards trade qualifications, a higher-education provider that does not have university status (often without its own degree-awarding powers), or a constituent part of a university. In the United States, a college may offer undergraduate programs – either as an independent institution or as the undergraduate program of a university – or it may be a residential college of a university or a community college, referring to (primarily public) higher education institutions that aim to provide affordable and accessible education, usually limited to two-year asso ...
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Elasticity (economics)
In economics, elasticity measures the percentage change of one economic variable in response to a percentage change in another. If the price elasticity of the demand of something is -2, a 10% increase in price causes the demand quantity to fall by 20%. Introduction Elasticity is an important concept in neoclassical economic theory, and enables in the understanding of various economic concepts, such as the incidence of indirect taxation, marginal concepts relating to the theory of the firm, distribution of wealth, and different types of goods relating to the theory of consumer choice. An understanding of elasticity is also important when discussing welfare distribution, in particular consumer surplus, producer surplus, or government surplus. Elasticity is present throughout many economic theories, with the concept of elasticity appearing in several main indicators. These include price elasticity of demand, price elasticity of supply, income elasticity of demand, elas ...
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David Autor
David H. Autor (born 1967) is an American economist, public policy scholar, and professor of economics at the Massachusetts Institute of Technology (MIT), where he also acts as co-director of the School Effectiveness and Inequality Initiative. Although Autor has contributed to a variety of fields in economics his research generally focuses on topics from labor economics. Education and early life David Autor enrolled in Columbia University after high school, but dropped out and worked as an administrative assistant and software developer in a Boston hospital. He later returned to college, ultimately earning a B.A. in psychology from Tufts University in 1989. After graduating from Tufts, he pursued volunteer work with a Methodist church in San Francisco that was teaching computer skills to disadvantaged students. In the Bay Area, Autor discovered his passion for economics and public policy and pursued an M.A. and Ph.D. in public policy from the John F. Kennedy School of Govern ...
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Crowding Out (economics)
In economics, crowding out is a phenomenon that occurs when increased government involvement in a sector of the market economy substantially affects the remainder of the market, either on the supply or demand side of the market. One type frequently discussed is when expansionary fiscal policy reduces investment spending by the private sector. The government spending is "crowding out" investment because it is demanding more loanable funds and thus causing increased interest rates and therefore reducing investment spending. This basic analysis has been broadened to multiple channels that might leave total output little changed or even smaller. Other economists use "crowding out" to refer to government providing a service or good that would otherwise be a business opportunity for private industry, and be subject only to the economic forces seen in voluntary exchange. Behavioral economists and other social scientists also use "crowding out" to describe a downside of solutions based ...
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Initiative On Global Markets
The Initiative on Global Markets (IGM) is a research center at the University of Chicago Booth School of Business in the United States. The initiative supports original research on international business, financial markets, and public policy. The IGM is most famous for the weekly polls it conducts of its Economics Experts Panels, consisting of 43 leading economists in the United States panel and 49 such economists in the European panel. The IGM also organizes and sponsors conferences. History The Initiative on Global Markets was launched with a founding grant (4 years, $1.5 million) from the Chicago Mercantile Exchange Trust (CME Trust), announced December 14, 2006. IGM began its activities in 2007: it co-sponsored (along with the Rosenberg Institute of Global Finance at Brandeis University) the 2007 U.S. monetary policy conference in Washington, D.C. on March 9, 2007. IGM polls and the Economics Experts Panel The IGM maintains an Economics Experts Panel (called the IGM Panel for ...
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University Of Chicago Booth School Of Business
The University of Chicago Booth School of Business (Chicago Booth or Booth) is the graduate business school of the University of Chicago. Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 Nobel laureates in the Economic Sciences, more than any other business school in the world. The school has the third-largest endowment of any business school. Notable Chicago Booth alumni include James O. McKinsey, founder of McKinsey & Company; Susan Wagner, co-founder of Blackrock; Eric Kriss, co-founder of Bain Capital; Satya Nadella, current CEO of Microsoft; and other current and former CEOs of Fortune 500 companies such as Allstate Insurance, Booz Allen Hamilton, Cargill, Chevron, Credit Suisse, Dominos, Goldman Sachs, IBM, Morgan Stanley, Morningstar, PIMCO, and Reckitt Benckiser. History The University of Chicago Booth School of Business traces its roots back to 1898 when university faculty member James Laurence Laughlin ch ...
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Derek Bok
Derek Curtis Bok (born March 22, 1930) is an American lawyer and educator, and the former president of Harvard University. Life and career Bok was born in Bryn Mawr, Pennsylvania. Following his parents' divorce, he, his mother, brother and sister moved several times, ultimately to Los Angeles, where he spent much of his childhood. He graduated from Stanford University (B.A., 1951), Harvard Law School ( J.D., 1954), attended Sciences Po, and George Washington University (A.M., 1958). Bok taught law at Harvard beginning in 1958 and was selected dean of the law school there (1968–1971) after Dean Erwin Griswold was appointed Solicitor-General of the United States. He then served as the university's 25th president (1971–1991), succeeding Nathan M. Pusey. In the mid-1970s, Bok negotiated with Radcliffe College president Matina Horner the "non-merger merger" between Harvard and Radcliffe Colleges that was a major step in the final merger of the two institutions. Bok recently ...
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Princeton University
Princeton University is a private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is the fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution. It is one of the highest-ranked universities in the world. The institution moved to Newark in 1747, and then to the current site nine years later. It officially became a university in 1896 and was subsequently renamed Princeton University. It is a member of the Ivy League. The university is governed by the Trustees of Princeton University and has an endowment of $37.7 billion, the largest endowment per student in the United States. Princeton provides undergraduate and graduate instruction in the humanities, social sciences, natural sciences, and engineering to approximately 8,500 students on its main campus. It offers postgraduate degrees through the Princeton ...
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