EE 473: Economics of Education

3 (3-0-6)

Prerequisites: EE311 or EE312

Principles of investment in education. Measuring return on education. Theory of human capital. Choice theory explaining educational investment. 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 wage rate, job switching, and expansion of the economy as a whole. Evaluating efficiency and equality in governmental budget allocation within the educational system.