Education Economics

(noun)

The study of economic issues relating to education, including the demand for education and the financing and provision of education.

Related Terms

  • brain drain
  • human capital

Examples of Education Economics in the following topics:

  • Improving Education and Health Outcomes

    • Education economics studies economic issues related to education, such as the demand for education and the financial cost of education.
    • Human capital requires investment, but also provides economic returns.
    • Education policies are designed to cover all education fields from early childhood education through college graduate programs.
    • To ensure economic growth, a country must have strong education policies.
    • Health economics focuses on the following topics:
  • Education and Industrialization

    • It has been argued that high rates of education are essential for countries to be able to achieve high levels of economic growth.
    • Education economics is the study of economic issues relating to education, including the demand for education and the financing and provision of education.
    • Educational technology is the study and ethical practice of facilitating learning and improving performance by creating, using, and managing appropriate technological processes and resources.
    • Educational technology is intended to improve education over what it would be without technology.
    • Define education economics, human capital, human capital flight, and educational technology
  • Higher Education

    • The most important educational component of Johnson's Great Society was the Elementary and Secondary Education Act of 1965, designed by Commissioner of Education Francis Keppel.
    • The Act also established Head Start, which had originally been started by the Office of Economic Opportunity as an eight-week summer program, as a permanent program.
    • The Higher Education Act of 1965 was reauthorized in 1968, 1971, 1972, 1976, 1980, 1986, 1992, 1998, and 2008.
    • This signing plaque rests on campus grounds of Texas State University commemorating the Higher Education Act.
    • Distinguish the key features - as well as the effects - of the Elementary and Secondary Education Act, the Higher Education Facilities Act, and the Higher Education Act.
  • References

    • Review of Educational Research, 64, 1-35
    • Educational Leadership, 47(4), 29 - 33.
    • Educational Leadership (Jan. 1990).
    • The Education Digest, 65, 29-32.
    • The effects of cooperative learning methods on achievement, retention, and attitudes of home economics students in north carolina.
  • Catch-Up: Possible, but not Certain

    • In order to assess economic growth it must be measured.
    • Some of the factors that impact economic growth include:
    • Education is a commonly used measurement for human capital.
    • Quality of life is a direct result of economic growth.
    • The study of the economic aspects of development in low-income countries is called development economics.
  • Education Policy

    • Education policy refers to the collection of laws and rules that govern the operation of education systems.
    • Education occurs in many forms for many purposes.
    • Education policy analysis is the scholarly study of education policy.
    • Important researchers are affiliated with departments of psychology , economics , sociology , and human development , in addition to schools and departments of education or public policy.
    • The Department of Education is a Cabinet-level department of the United States government.
  • Defining and Measuring Economic Mobility

    • Economic mobility is a measurement of how capable a participant in a system can improve (or reduce) their economic status.
    • Economic mobility is a measurement of how capable a participant in a system can improve (or reduce) their economic status (generally measured in monetary income).
    • Closely related to the concept of economic mobility is that of socioeconomic mobility, which refers to the ability to move vertically from one social or economic class to another.
    • Economists studying economic mobility have identified a number of factors that play an integral role in enabling (or blocking) participants in an economic system from achieving mobility.
    • Education: Access to equitable and affordable education in all places worldwide is a substantial domestic and global challenge in enabling the next generation for success.
  • Changing Worker Productivity

    • In economics and long-run growth, worker productivity is influenced directly by fixed capital.
    • Many economic theories tie education to economic growth explaining that it is an investment in human capital development .
    • When a society invests in human capital, it increases worker productivity and economic growth.
    • Economic revenue goes up and down due to shocks in the business cycle.
    • Examine the role of human capital in production and economic growth
  • References

    • "The Methodology of Positive Economics," The Methodology of Positive Economics, University of Chicago Press: Chicago, 1953.
    • "The Rhetoric of Economics," Journal of Economic Literature, Volume 21, June 1983, pp 481-517.
    • The End of Education, Vintage Books, Division of Random House: New York, 1996.
    • Economic Philosophy: An Essay on the Progress of Economic Thought, Anchor Books: Garden City, NY, 1962.
    • "The Theory of Economic Regulation," Bell Journal of Economics, 2, 1971:3-21)
  • School

    • Education is the process by which society transmits its accumulated knowledge, skills, customs and values from one generation to another.
    • Education is the means through which the aims and habits of a group of people is transmitted from one generation to the next.
    • Education is perceived as an endeavor that enables children to develop according to their unique needs and potential.
    • It was after World War II, however, that the subject received renewed interest around the world: from technological functionalism in the US, egalitarian reform of opportunity in Europe, and human-capital theory in economics.
    • Education also performs another crucial function.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
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  • Calculus
  • Chemistry
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  • Economics
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  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

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