tailieunhanh - STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA ECONOMIC OPPORTUNITY METRICS TASK FORCE SEPTEMBER 24, 2012

An important source of supply and demand changes are changes in the markets of complements. A decrease in the price of a demand-complement increases the demand for a product, and similarly, an increase in the price of a demand-substitute increases demand for a product. This gives two mechanisms to trace through effects from external markets to a particular market via the linkage of demand substitutes or complements. For example, when the price of gasoline falls, the demand for automobiles (a complement) overall should increase. As the price of automobiles rises, the demand for bicycles (a substitute. | STATE COUNCIL OF HIGHER EDUCATION FOR VIRGINIA ECONOMIC OPPORTUNITY METRICS TASK FORCE SEPTEMBER 24 2012 MINUTES Mr. Smith called the meeting to order at 1 00 . in Lee Hall Room 412 University of Mary Washington Fredericksburg Virginia. Council members present Joann DiGennaro Stephen Haner Julious Smith and Katharine Webb. Other Council member present G. Gilmer Minor Staff members present Peter Blake Alan Edwards Tod Massa Kirsten Nelson and Lee Ann Rung. Ron Forehand from the Office of the Attorney General was also in attendance. APPROVAL OF MINUTES On motion by Ms. DiGennaro and seconded by Ms. Webb the minutes from the July 16 2012 meeting were approved unanimously. REPORT FROM THE TASK FORCE Mr. Blake thanked the Committee members for their guidance in preparing for the rollout of the data and noted that their suggestions have been incorporated. Mr. Blake also reported that staff was receptive to the suggestion of extending its outreach efforts. Ms. Nelson reminded members that the Committee requested staff to reach out to specific higher education reporters to provide a preview of the data rather than sending a press release. To date she has met with higher education reporters from the Washington Post the Virginian Pilot the Richmond Times-Dispatch and the Charlottesville Daily News Record and meetings have been scheduled with the Daily News Record in Harrisonburg and the Roanoke Times. Ms. Nelson explained that in the meetings with reporters she is providing a sample of the information that is currently embargoed. Additional outreach efforts include meetings with staff from the Public Community Relations departments of each public and nonprofit private institution as well as from the two-year institutions. Ms. Nelson will also reach out to the Information Officers at the Virginia Department of Education and the Virginia Employment Commission. Ms. Webb asked for information on how many institutions were represented. Mr. Mass reported that he has conducted .

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