What is the purpose of the university and of higher education?
How would your university be organized – would there be a hierarchy? Would there be tenure? What would be the role of professors/instructors?
How would it operate – fee structures, requirements, ensuring diversity, activities?
Has your "ideal" changed over the course of the semester?
Your paper should be 4 pages, top to bottom, with one inch margins as provided in the syllabus. Remember; format, spelling grammar, and proper citations do count.