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Economic Principles for Education - Theory and Evidence (Hardcover)
Loot Price: R3,391
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Economic Principles for Education - Theory and Evidence (Hardcover)
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Education has become an increasingly important activity within all
economies; from pre-school years groups through to continuing
education and retraining, the accumulation of skills spans a
lifetime. Economic Principles for Education looks at all the major
areas of economics, applying them to education. Human capital
theory is discussed and evidence on rates of return and the
benefits of training is presented. The demand for education is
described, with an assessment of how pervasive wealth effects are
in education systems. The author discusses the efficiency of
education providers, including teacher supply, and identifies the
optimal rules for teacher deployment. Education markets, the role
of governments and the macroeconomics of education are all
considered along with the key social benefits of education. Using
evidence from a range of countries, but particularly the UK and the
US, Clive Belfield provides an appreciation of the depth and
breadth of the literature of the economic study of education in one
easily accessible volume. This will be a valuable text for scholars
of economics and education, and will be welcomed by all those
interested in obtaining an overview of the field and in
understanding the key principles economists use.
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