classroom assignment on production and cost for +2economics in 100 words
Answers
To enable the learners to
a. Develop an understanding of planning, financing and cost of
education.
b. Develop and understanding of the link between the educational
system and economic development.
c. Develop an understanding of educational problems in the
context of economic concepts. Theories and techniques.
MODULE I: CONCEPTUAL BACKGROUND AND COST OF
EDUCATION
1. Conceptual Issues in economics of Education
a. Meaning, definition, scope and importance of Economics of
Education.
b. The relationship between education and the economic system.
The role of the economic system in (i) financing of education,
and (ii0 absorbing the educated manpower.
c. Education as an industry
d. Education as consumption and Education as individual, social
and national investment.
e. Spill-over and inter-generational effects of education.
2. Cost of Education
a. Concept of Cost of Education. Types of Educational costs:
Direct cost, Indirect cost, Private cost, Social cost and
Opportunity cost.
b. Unit cost of Education: Its estimation. Its applications to different
levels, modes and types of education. (Levels: Primary,
Secondary and Tertiary Modes: Formal and Distance, Types: i)
General i.e. Arts, Science and Commerce, and ii0 professional
and Technical)
c. External and Internal Efficiency of Education.Cost-Benefit Analysis in Education:
a. Meaning of cost-benefit analysis. Its purpose and problems
b. Profiles of age-education earnings. Calculation private marginal
and benefit cost ratio.
c. Interpretations and evaluation of rates of return on investment in
education.
d. Cost Effectiveness Analysis in Education. Difference between
Cost-benefit and Cost –Effectiveness Analysis.
e. Concept of Cost Consciousness in Education.
4. Pricing of Education
a. Micro and Macro aspects of pricing of education (Theoretical
Study)
b. Practical solution to the pricing of education especially at the
tertiary level
c. Problem of capitation fees.
5. Financing of Education
a. Sources of finance for education: private, public, fees,
donations,
b. Endowments and grants. Grant-in- aid principles and practices
with special reference to higher education.
c. Government’s role in financing education at different levels with
special reference to higher education.
6. Allocation of funds to Education in the 5-year Plans
a. The concepts of five year planning.
b. Actual and estimated allocation of funds at different levels of
education in the Five-year plans (I-IX Plans), Priority for
education in the various five year plans.
c. Priorities within education in the various five year plans.
d. Educational expenditure and national economy.
e. Expertiture of education, public education at different levels
(central state level) in India.
f. Types of plans – Central, State and Institutional
MODULE III: ECONOMIC DEVELOPMENT AND EDUCATION
7. Human Resource Development
a. The concept of human resource development. Meaning,
definition. Significance and Development of human resources
through education.
b. Need for manpower planning and Estimation of manpower
requirements.
c. Human capital and its relation to other form of resources and
need for retraining.
d. The problems of educated unemployment, underemployment
and disguised unemployment
e. Meaning and purpose of Economics of Teacher provision
f. Estimating the demand for and supply of teachers and the
problems associated with the estimation
g. Policy implications of economics of teacher provision.
8. Education and Economic Development
a. The concepts of economic development and economic growth.
b. The interrelationship between education and economic
development.
c. Education as a prerequisite as an accelerator and a major
determinant of economic development.
d. Suggestions for improvement in the educational system for
enhancing and sustaining economic development.
e. Resource constraints and Resource mobilization
f. Education and economic development in urban and rural areas.