TY - JOUR
T1 - The economics of education and policy
T2 - Ideas for a principles course
AU - Rouse, Cecilia Elena
N1 - Publisher Copyright:
© 2017 Taylor & Francis.
Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.
PY - 2017/7/3
Y1 - 2017/7/3
N2 - 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.
AB - 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.
KW - Economics of education
KW - educational attainment
KW - returns to schooling
KW - teaching economics principles
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U2 - 10.1080/00220485.2017.1320611
DO - 10.1080/00220485.2017.1320611
M3 - Article
AN - SCOPUS:85019733955
VL - 48
SP - 229
EP - 237
JO - Journal of Economic Education
JF - Journal of Economic Education
SN - 0022-0485
IS - 3
ER -