Information Package

Program of Economics (English)

ECO446

ECONOMICS OF EDUCATION

Course Code
ECO446
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. will be able to view the education industry and its educational process through the lens of economics.
  2. will become knowledgeable about the economics of education literature and learn how to apply the tools of economic analysis to a significant policy issue.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme Components-
Course DescriptionThis course will provide an introduction to the various aspects of the economics of education. The central aim of the course is to assist students in viewing the education ?industry? and its educational process through the lens of economics. Students will be afforded an opportunity to examine important issues related to the economics of education. Students become knowledgeable about the economics of education literature and they will learn how to apply the tools of economic analysis to a significant policy issue.
Course Contents
WEEK TOPICS
1st Week Introduction to the Economics of Education
2nd Week The Concepts of Economics and Economics of Education & The Relation Between Education and Economics
3rd Week Education, Economic Growth and National Development
4th Week Education Demand & Supply - Investment in Human Capital
5th Week Returns to Education & Earnings
6th Week Cost/ Benefit Analysis in Education
7th Week Mid-Term
8th Week The Role of Government in Education: State Schools vs. Private Schools
9th Week Early Childhood Education Policy
10th Week Higher Education Policy
11th Week Teacher Labor Markets
12th Week Efficiency and Wastage in Education
13th Week Crime and Education
14th Week Behavioral Economics Perspective on Education
Recommended or Required ReadingEconomics of Education, Lovenheim, M. & Turner, S., First Edition, 2018.
The course does not completely follow the structure of the book. Extra materials will be discussed in class.
Power point slides will be available on Moodle as well
Planned Learning Activities and Teaching Methods
  • Lecture
  • Questions/Answers
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Quiz 1 10
Total(%) 50
Contribution of In-term Studies to Overall Grade(%) 50
Contribution of Final Examination to Overall Grade(%) 50
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz 1 10 10
Individual or group work 14 3 42
Preparation for Final exam 1 30 30
Course hours 14 3 42
Preparation for Midterm exam 1 25 25
Laboratory (including preparation) 0 0 0
Final exam 1 1 1
Homework 0 0 0
Total Work Load151
Total Work Load / 30 (h)5.03
ECTS Credit of the Course5
Language of InstructionEnglish
Work Placement(s)No
LO1 LO2
K1
K2 X X
K3
K4
K5 X X
K6
K7
K8
K9 X X
K10
K11 X X
K12
K13 X