2. Institutional Cost
of Education
• Institutional cost refers to the
expenditure incurred by
the institution or/and government for
providing education that is not directly
recovered from students. It is further
divided into recurring and non-recurring
expenditure
3. Classification of Institutional Cost
• Institutional cost is classified into
• capital cost,
• equipment cost,
• non-divisible operating cost and
• divisible operating cost.
5. Techniques of
Institutional
Cost Analysis
• Resource cost vs money Cost
• Capital Cost vs Recurrent cost
• Unit cost per student
• Factor cost of subsystem
• Factor cost of process
• Factor cost of the output