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framing effects (D8)<br />The effects of representing or framing problems of choice, including deciding on a reference point.<br /><em>Reference</em><br />Machina, M.J. (1987) 'Choice under uncertainty: problems solved and unsolved', Journal of Economic Perspectives 1: 121-54.
one-crop economy (00)<br />An ECONOMY whose production is largely concentrated on one PRIMARY PRODUCT and hence is vulnerable to fluctuations in its TERMS OF TRADE and major threats to production, e.g. bad weather. Economies producing copper, ground nuts, sugar and coffee have often been of this type.
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<strong>Budget</strong> – Synonymous with Cost of Attendance (COA). In financial aid terms, a budget is an estimate of a student' s total education-related expenses for an enrollment period. The budget generally includes tuition, fees, room, board, books, supplies, and personal expenses. For the Charles Gallagher program, the standard budget for each institution consists of the institution' s prior year tuition and fees, room and board, and book costs reported through IPEDS, as well as standard budget figures determined by the MDHE using the Consumer Price Index (CPI). For the College Guarantee program, the budget is the lesser of the institution' s Gallagher budget or the average cost of attendance at the University of Missouri-Columbia.
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<strong>Write-off</strong> – A loan amount for which there has been a total cessation of collection activity.
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