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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.
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REAL VERSUS NOMINAL PRICES • Nominal price is a complete or current dollar price of a good or service when it is sold. • Real price is the price related to a combined me
what is the theory of second best ? prove the theorem with the help of a diagram ?
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aid of production possibilty curve
Materials Requirements Calculations - MRP System MRP is a computer-based 'engine' which carries out calculations in order to determine: What is needed, and When i
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