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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.
Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commod
What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod
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how to write the conclusion,i am doing the nike company.
1. The marginal benefit (demand) curve for pollution for an industry is P=100-4*Q, where Q is emissions in tons. The current emissions tax (price) for pollution is $40/ton. Regu
Expected Value - The weighted average of payoffs or values resulting from all the possible outcomes. The probabilities of every outcome are used as weights Expected
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
Market intervention by government Government intervenes in various degrees in different countries. Free economy is almost non-existent in the modem world. In real world, the form,
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
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