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Summary of Educational Financing
The unit began by making a brief reference to the linkage of educational development to poverty and income distribution. It then addressed the issue of public versus private funding in education.The trends in policies of education finance which reflect a gradual shift towards resource mobilisation and privatisation was then discussed followed by an outline of the principle and methods of cost sharing.
A brief comparison of inter-country practices on raising resources for education by a special tax and using the same for specified or earmarked purposes was discussed next. The argument that raising the educational expenditure to 6 per cent of GNP would serve the needs of all the levels of education well was based on the analysis and expert opinions of researchers and planners in the field.
The Short Run versus long Run - Short-run: Period of time in which the quantities of one or more production factors cannot be changed. These inputs are called as fi
Conditionality: International financial institutions (such as World Bank andInternational Monetary Fund) usually attach strong conditions to emergency loans they make to developing
Explain the effect of increased money supply on bond prices
How dose PPC help, illustrate the basic economic problem?
1. Suppose that there is a credit market imperfection because of asymmetric information. In the economy, there are N consumers. A fraction b of consumers consists of lenders, who e
draw a production possibility frontier task using the graph and value and identity the pareto efficent and inefficient point and the marginal oppotunity cost of x for each point of
what is outputgap?
The prevention of major swings in economic activity can be handled most easily by the: A. Household sector B. business sector C. financial sector D. government sector why?
Problems Using Point Elasticity - We may need to compute price elasticity over portion of demand curve instead of at a single point. - The price and quantity used as base wi
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
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