About project

In countries with the most respected higher education institutions the relevant data on employability of graduates, quality of education, professional competences of educational staff at higher education institutions are publicly available in a much higher degree when compared to the Slovak Republic. Lack of objective information provided on higher education institutions creates so-called information asymmetry, which is hampering the higher education institutions to achieve higher quality of education.

If one party involved on the market does recognise particular quality of education (e.g. educational staff or management of higher education institution) and the other does not notice that quality (e.g. applicants for study) information asymmetry typically occurs. In such case, a higher education institutions competition cannot ensure the quality of education. If applicant for study or student is not able to recognise the quality of education upon which he/she opts for the particular higher education institution, then the higher education institutions are not forced to provide higher quality of education, and thus higher education institutions providing lower quality of education will remain on the market. This economic concept was introduced by George Akerlof in 2001 for which he was awarded the Nobel Prize (shared with Michael Spence and Joseph E. Stiglitz).

Portal on higher education institutions and their graduates is aimed at diminishing information asymmetry in the area of higher education in the Slovak Republic. At the same time, it provides information to applicants for study so they will be able to decide what higher education institution they will enter, it also creates competitive environment for higher education institutions and provoke them to improve quality of education they provide.