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Economics of Education

2020/2021
Учебный год
ENG
Обучение ведется на английском языке
3
Кредиты
Статус:
Курс обязательный
Когда читается:
1-й курс, 3 модуль

Преподаватель

Course Syllabus

Abstract

We will cover concepts of supply and demand, consumer behavior, and production theory in order to understand individuals' incentives to invest in education, an economic interpretation of how schools function, and the role of government intervention in the provision of education. We will emphasize how to use data to test economic theory and to predict the effects of policy initiatives. Among the topics we will cover are returns to educational attainment, the importance of school resources in determining academic achievement, school choice, teacher labor markets, and educational finance. This course has no prerequisites.
Learning Objectives

Learning Objectives

  • The overall goal of this course is to introduce you to the economic analysis of education. Specifically, the course is intended to help you become knowledgeable in five major areas: 1. How economists define the “problematic” of education. 2. The concept of education as an investment (human capital), measuring the value of that investment, and how education contributes to economic growth and income distribution. 3. Teacher labor markets and teacher “value” in the educational process. 4. Schools as places of production and the economics of the education production process. 5. Education as a public and private investment good and the implications for educational finance in both K-12 and higher education.
Expected Learning Outcomes

Expected Learning Outcomes

  • discuss intelligently the contribution that economics and economists have made to how we think about the role of education in society
  • discuss intelligently how economists view the life cycle of investment in learning and skills for work
  • discuss intelligently whether higher salaries for teachers will bring “better” teachers in the teaching profession
  • discuss intelligently whether raising educational requirements has a positive or negative effect on teacher quality
  • discuss intelligently the various ways governments raise money to pay for education and whether some ways are more effective and more equitable than others
Course Contents

Course Contents

  • Introduction to the Economics of Education
  • Education and Labor Markets
  • Teacher Labor Markets
  • The Production of Education: How Do Schools Produce Student Outcomes?
  • Issues in Financing Education
Assessment Elements

Assessment Elements

  • non-blocking Problem sets
  • non-blocking Essays
  • non-blocking Calss participation
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.1 * Calss participation + 0.4 * Essays + 0.5 * Problem sets
Bibliography

Bibliography

Recommended Core Bibliography

  • Becker, G. S., & Tomes, N. (1979). An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility. Journal of Political Economy, 87(6), 1153. https://doi.org/10.1086/260831
  • College choices : the economics of where to go, when to go, and how to pay for it, Hoxby, C. M., 2004
  • Human capital : a theoretical and empirical analysis, with special reference to education, Becker, G. S., 1993
  • International encyclopedia of economics of education, Carnoy, M., 2006
  • Martin Carnoy. (2004). Education for All and the Quality of Education: A. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.5BBA7C60
  • School vouchers : examining the evidence, Carnoy, M., 2001

Recommended Additional Bibliography

  • Becker, S. O., & Woessmann, L. (2009). Was Weber Wrong? A Human Capital Theory of Protestant Economic History. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.EA306DF8