there’s precious little going on
Is '' there’s precious little going on'' emphasizing that there are very little activities are happening in the university (MIT university) then other universities?
The musician Yo-Yo Ma’s cello may not be the obvious starting point for a journey into one of the world’s great universities. But, as you quickly realise when you step inside the Massachusetts Institute of Technology, there’s precious little going on that you would normally see on a university campus.