ELP 525 Education in a Global Economy

This course provides an introductory survey of the microeconomic links between education and economic development. Important economic principles covered will the basics of supply and demand, consumer behavior, individual and market demand, production, the cost of production, and profit maximization will be covered.

Topically, we start by surveying differences in educational attainment and schooling investments in various regions of the world in recent years. The course then moves to explore the factors that influence primary and secondary school enrollment in developing countries, the role played by higher education on economic growth, and the nature of inequities in educational outcomes on the basis of income, gender, race, and ethnicity. This is followed by an analysis of the demand for educational investments, the supply and costs of educational inputs, and the theory and measurement of cost-benefit analysis in education.

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