Human Resource Economics (Field 7)

EE473 Economics of Education

3 (3-0-6) 

Prerequisites: EE311

Principles of investment in education, measuring return on education, theory of human capital and choice theory explaining educational investment will be discussed. Principles of investment in on-the-job training, analyzing educational impact on key economic variables such as wages throughout the entire working period, growth in the wage rate, job switching, and expansion of the economy as a whole will be covered. Evaluating efficiency and equality in governmental budget allocation within the educational system.