The economics of education and policy

Ideas for a principles course

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

There are many aspects of the “economics of education” that would make excellent examples for introductory economics students. The author presents two topics that are central to the economics of education and to human capital theory: the economic benefit (or “returns”) to schooling and educational attainment as an investment. There are two key concepts the author hopes students get from this discussion. The first is that there are both private and social benefits of schooling whence we derive the rationale for government intervention. The second is that educational attainment is an investment decision with both costs and benefits, and some risk.

Original languageEnglish (US)
Pages (from-to)229-237
Number of pages9
JournalJournal of Economic Education
Volume48
Issue number3
DOIs
StatePublished - Jul 3 2017

Fingerprint

economics of education
social benefits
human capital
economics
student
costs
Educational attainment
Economics of education
Introductory economics
Social benefits
Investment decision
Returns to schooling
Economic benefits
Schooling
Economic returns
Government intervention
Human capital theory
Private benefits
Costs and benefits
Rationale

All Science Journal Classification (ASJC) codes

  • Education
  • Economics and Econometrics

Cite this

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The economics of education and policy : Ideas for a principles course. / Rouse, Cecilia Elena.

In: Journal of Economic Education, Vol. 48, No. 3, 03.07.2017, p. 229-237.

Research output: Contribution to journalArticle

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