COST ANALYSIS OF NURSING EDUCATION IN ENUGU STATE

📄 Project Abstract

Cost is the value of resources (man, money, labour, tangible and intangible) used to produce goods or services. Cost analysis is an economic evaluation technique that involves systematic collection, categorization and analysis of a programme (Aduol, 2001). It achieves cost minimization for programme under consideration with the goal of identifying the least cost method to obtain certain level of output (Bhushan, 2004). In our elementary economics, we learnt the concept of cost as the opportunity given up. Cost in education is not only the price we pay as school fees but also what was given up to earn it. It has often been said that those who consider education expensive should try ignorance, implying that ignorance is more expensive than the price we pay to earn education. Cost analysis in education provides information on the actual cost involved in producing a graduate at any level of education and gives an insight into the pattern of educational expenditure. Ashdown &Ross (2002) re...