ECONOMICS OF EDUCATION

This course uses economic models and data-analysis techniques to study the demand and supply of education. It analyzes the role of education in economic development, the effects and reasons for the role of the public sector in education, and answers to the key questions about current education policies. Other topics include: education policy, theoretical foundations and proper methodology for estimating demand and supply models, the main results and limitations of existing empirical research and evidence, the production and quality of education, and the financing of compulsory and higher education. Previous coursework in microeconomics, macroeconomics, and applied economics is required.