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<strong>Federal Need Analysis Methodology (FM)</strong> – The formula used to calculate the EFC (Expected Family Contribution), which is then used to determine a student' s eligibility for the federal financial aid, state aid, and/or institutional aid programs.
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Abramovitz, Moses, 1912- (B3)<br />Educated at Harvard and Columbia Universities. He was on the staff of the National Bureau of Economic Research from 1938 to 1942 and Director of Business Cycles Study from 1946 to 1948; principal economist of the War Production Board in 1942 before serving in the US Army; and professor at Columbia University, 1940-2 and 1946-8, and of Stanford University, 1948-77. After early work on price theory, he turned to a study of inventories and business cycles. Later he examined determinants of long swings in growth, considering changes in the supply of factors of production and the influence of an initial level of productivity on subsequent economic progress. <br /><em>Reference</em><br />Abramovitz, M. (1950) Inventories and Business Cycles, New York: National Bureau of Economic Research.<br /> Abramovitz, M. (ed.) (1958) Capital Formation and Economic Growth, Princeton, NJ: Princeton University Press.
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