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Educational Financing
Previously you have learnt various aspects relating to the Economics of Education. Specifically, you have studied about: importance of education in contributing to human capital formation [and how this realisation led to the recognition that expenditure on education should be viewed as investment rather than consumption]; the issues governing the demand and supply considerations of education; and the usefulness of the different techniques for determining the demand for education in planning for its supply.
The present unit deals with the dynamics of Educational Finance (EF) which is closely related with the education policies of a country. In particular, we shall study the different sources of EF, the issue of private sector investment in higher education in the context of education sector reforms, trends in expenditure among the different stages of education, different approaches suggested in cost-recovery of higher education along with their relative merits/demerits, a cross-country profile on some indicators relating to EF, etc.
Suppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal II wil
What is the difference between 'Capital' and 'Capital value'? "The total amount of money or other resources owned or used to obtain future income or benefits." On the other h
The Concept of Money: Money or paper currency serves three functions in any case: it is the medium of exchange, a store of value and the unit of account. Before paper money was
short run equilibrium of the industry
Marginal revenue: Marginal revenue is the change in total revenue with respect to a change in quantity sold. That is, it is the change in total revenue that results from the s
the meaning of supply
Question 1 Identify the basic postulates of economics Question 2 Discuss the role of price mechanism Question 3 Explain the shape and application of Engel curve
What are the economies and diseconomics of scale?
how to calculate tc,tvc,tfc,afc and mr
Compensated Demand Curve: Compensated demand function for a commodity (say x1) of an individual consumer represents demand quantity for that good (which is purchased by the co
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