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Human Capital Theory

Question 1 a)
Lenny is a worker at the local nuclear power plant who is considering getting another post-secondary diploma. Specifically, Lenny wants to get a 1-year diploma in Engineering Technology to fast-track a promotion at work. Currently, Lenny makes $ 50,000 a year but if he acquires an Engineering Technology diploma he will make $ 53,000 immediately after graduating. However, if he decides to go to college he will have to enroll as a full-time student and will lose his income for one-year. Tuition for the diploma is $ 6,500 (this is the only direct cost Lenny will pay). The current interest rate is 10.9 % . Is it worth it for Lenny to pursue this degree when calculating his internal rate of return?
Question 1 b)
The provincial government has announced that they will fully subsidize the tuition of anyone pursuing a college diploma in a STEM subject. For Lenny, this means that the tuition he pays will drop to zero (D = 0). If he still must sacrifice his full-time income, should Lenny pursue the diploma?
Question 1 c)
Lenny’s employer has decided that instead of forcing him to forgo his income, they will continue to pay him at a part-time rate. This means that Lenny’s annual income will drop from $ 50,000 to $ 35,000. Assuming that he must pay the full cost of tuition (i.e. there is no more subsidized tuition), should Lenny pursue the diploma?

Sample Solution

Questions ' Is there a reasonable and quantifiable arrangement of indicator factors that can foresee the progress of understudies in nursing programs? ' Is there a quantifiable relationship between's confirmation models of a nursing projects and graduation rates? ' Is there one confirmation rules that actions program achievement more actually than some other? ' According to the understudy is the nursing program in general GPA, A&P, HESI leave test, or mental capacity the most dependable free indicator of NCLEX achievement? Limits and Delimitations Limitations The review will endeavor to eliminate however much inclination as could be expected and to limit predisposition that objectivity is kept up with. A limit will be the accessibility of the objective examination bunch, medical caretakers who have been working in various nursing homes and emergency clinics of Missouri. The objective gathering will be attendants who have effectively finished their nursing programs and have been capable adapt up to challenges which happened during this program. As the members of the examination will be chosen from the accessible populace accordingly, research instances of definitions will be given to the attendants to their comfort. It is expected that all overview members will honestly validate that they are a piece of the objective section as characterized and fall inside the reach wanted as far as their fruitful finishing of nursing program for the exploration study. Be that as it may, some email locations might be problematic, and a few beneficiaries of the email greeting will be reluctant to take an interest. The proposed study is restricted by the accessible monetary assets to lead the exploration; in this manner, the outcomes will be summed up just to those answering the examination review. Delimitation Nurses to be studied are open because of the analyst's broad organization of contacts in Missouri. The members have email accounts, which will give admittance to cooperation in the poll. One more delimiting factor is the accessibility of the designated research gathering to partake in a web-based study. Research in the scholastic world is being moved from paper and pencil to online reviews. Welcoming populace portions to visit a site for the motivations behind finishing a poll is significantly more open and helpful for members, in this way giving the scientist more noteworthy admittance to members and a more serious level of support achievement. Considering that the populace to be overviewed for this exploration has been the focal point of many examinations, the information gathered will give new experiences to decide the indicators of understudy progress in nursing programs. Secondary school grade point midpoints can be assessed and utilized for affirmation screening, and a few examinations have demonstrated them to be the best indicator of scholarly outcome in school (Salvatori, 2001). In any case, more contemporary understudies than any other time are getting back to school numerous years after their secondary school graduation. These understudies bring long stretches of certifiable experience and created hard working attitudes which are not reflected in their secondary school grades however which could influence their school and medical services calling achievement. Lacks in scholarly planning frequently cause issues for nursing understudies when they enter nursing courses, bringing about significant changes as well as disappointments. Characterizing scholastic progress in school grade point
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