Performance Improvement of Economics University Education

The article analyzes the possibility of using the model “Income Share Agreement” (ISA) as a source of additional funding for higher education institutions. Examples of the application of similar approaches in foreign practice are given. In the developed model, in addition to the main participants: the university, the investor and the student, for the first time an additional subject of the industry market is introduced – a recruitment agency. The substantiation and assessment of the significance of the participation of a recruitment agency in achieving maximum competitiveness in the educational activities of universities is given. The paper identifies the main areas of research on the experience of implementation of ISA in educational relations. It is emphasized that the priority areas of research on ISA relationship in education are devoted to the opportunism of the parties with asymmetry of information: the main concerns relate to the emergence of “adverse selection” and “moral hazard” effects in ISA relations. The paper deals with the main legal and ethical problems of the implementation of ISA in educational relations. The authors note that it is the transformation of ISA into a stock asset that requires additional legal regulation. The research problem is represented by the ethics of the assignment of rights under the ISA in favor of third parties (investors). If an educational organization can sell a student’s ISA to an investor, then it can receive income before the graduate gets a high-paying job. If an educational organization really adheres to the interests of the student, and guarantees the quality of the educational program, it should not withdraw from such financial obligations. If an educational organization sells its students ISA, it means to the stock market that it does not believe in their future income.