Q: What other factors do you think can impact the decision of EU students of whether or not to apply to universities in the United Kingdom?use given image in attachment ECONOMICS IN PRACTICEBrexit and EU Student Enrolment in the United KingdomThe United Kingdom is one of the top destinationsfor students from across Europe and the world. Notonly does it attract the most talented foreign students,they also provide the diversity that is highly desirablefor any academic institution. During the academic year2016-2017, foreign students enrolled in British uni-versities comprised 19 percent of total enrolment, outof which European Union (EU) students made up foraround 6 percent.!During the United Kingdom's membership of theEU, British universities had been offering EU studentssubsidized schooling fees as well as government-backedloans to cover tuition fees. However, after the Brexit voteof June 2016, it is unclear how EU students are expected torespond to the imminent decrease in tuition support inthe United Kingdom. The British Higher Education Policy constant. This may not be very accurate because there areInstitute commissioned an economic modelling study (based some other factors that could determine the demand foron historical data from 2003-04 to 2014-15) to gauge and higher education in the United Kingdom.predict the level of responsiveness (elasticity) of EU students'demand for UK higher education.The results reveal that in the instance of removing tuition CRITICAL THINKINGfee support to undergraduate EU students, the elasticity of de-mand would be negative. A 1 percent increase in the tuitionfees would reduce the level of enrolment by 0.21 percent,i.e., the elasticity would be -0.21. In terms of financial revenue,this is expected to reduce institutional income by an estimated£24.0 million per annum.?The study cautions that measuring the elasticity of en-rolment rests on the assumption that all other factors remain1. What other factors do you think can impact thedecision of EU students of whether or not to applyto universities in the United Kingdom?'U.K. Council for International Student Affairs, 2018. "International StudentStatistics: UK Higher Education," April.2London Economics, 2017. "The Determinants of International Demand for UKHigher Education," January.

During the academic year 2016 -17, British students enrolment – 81% Foreign students other than EU…

Answered: What other factors do you think can…

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Q: What other factors do you think can impact the decision of EU students of whether or not to apply to universities in the United Kingdom?

use given image in attachment

ECONOMICS IN PRACTICE
Brexit and EU Student Enrolment in the United Kingdom
The United Kingdom is one of the top destinations
for students from across Europe and the world. Not
only does it attract the most talented foreign students,
they also provide the diversity that is highly desirable
for any academic institution. During the academic year
2016-2017, foreign students enrolled in British uni-
versities comprised 19 percent of total enrolment, out
of which European Union (EU) students made up for
around 6 percent.!
During the United Kingdom's membership of the
EU, British universities had been offering EU students
subsidized schooling fees as well as government-backed
loans to cover tuition fees. However, after the Brexit vote
of June 2016, it is unclear how EU students are expected to
respond to the imminent decrease in tuition support in
the United Kingdom. The British Higher Education Policy constant. This may not be very accurate because there are
Institute commissioned an economic modelling study (based some other factors that could determine the demand for
on historical data from 2003-04 to 2014-15) to gauge and higher education in the United Kingdom.
predict the level of responsiveness (elasticity) of EU students'
demand for UK higher education.
The results reveal that in the instance of removing tuition CRITICAL THINKING
fee support to undergraduate EU students, the elasticity of de-
mand would be negative. A 1 percent increase in the tuition
fees would reduce the level of enrolment by 0.21 percent,
i.e., the elasticity would be -0.21. In terms of financial revenue,
this is expected to reduce institutional income by an estimated
£24.0 million per annum.?
The study cautions that measuring the elasticity of en-
rolment rests on the assumption that all other factors remain
1. What other factors do you think can impact the
decision of EU students of whether or not to apply
to universities in the United Kingdom?
'U.K. Council for International Student Affairs, 2018. "International Student
Statistics: UK Higher Education," April.
2London Economics, 2017. "The Determinants of International Demand for UK
Higher Education," January.

Expert Solution

Step 1- Analysis of the situation

During the academic year 2016 -17,

British students enrolment – 81%
Foreign students other than EU countries enrolled– 13%
EU students enrolled – 6%
The British universities used to offer EU students - subsidized schooling fees + government loans to cover tuition fees.

After Brexit, The Britain exiting from European union

Decrease in tuition fees support resulted to:-

Increase in tuition fees which resulted to 0.21% reduced level of enrolment.
Reduced financial revenue by euro 24 millions per annum.

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