All over the world are involved in providing education

Assignment Help Microeconomics
Reference no: EM13716715

Government's Role in K-12 Education

It is common knowledge that governments all over the world are involved in providing education for their citizens. To gauge the effectiveness of public education, federal government, states, and independent agencies measure achievement regularly. According to National Public Radio's (NPR) Bill Chappell, The Program for International Student Assessment, or PISA, collects test results from 65 countries for its rankings, which come out every three (3) years. The latest results, from 2012, show that U.S. students ranked below average in math among the world's most-developed countries. They were close to average in science and reading." (Note: You may read the complete article at https://www.npr.org/blogs/thetwo-way/2013/12/03/248329823/u-s-high-school-students-slide-in-math-reading-science.)

Many economists believe tax and spending decisions are best made at the lowest level possible (i.e., the Subsidiarity Principle). This means K-12 taxing decisions are best made where the money is spent. Go to the Organisation of Economic Co-operation and Development's (OECD) Website, and examine the PISA 2012 results, located at https://www.oecd.org/pisa/keyfindings/pisa-2012-results.htm.

Write a six to eight (6-8) page paper in which you:
Evaluate the appropriate government role in K-12 education using the test of market failure. Specifically, determine whether private markets could work within a K-12 context, or if government is support necessary. Conclude whether or not the private sector can provide education as well as the public sector. Note: Since market failure may differ depending on the educational level, ensure to distinguish between primary and secondary education.
Examine the wealth re-distribution that now occurs under public K-12 education. Determine whether or not such redistribution should be expanded. If you recommend redistribution expansion, suggest the most appropriate funding method. If you do not recommend such expansion, provide a rationale for your response.
If voters and politicians decide to improve education overall, examine the fundamental manner in which such improvements could impinge upon state and local budgets. Suggest the manner in which the government could expand the tax base in order to service the burden of improving education. Provide a rationale for your response.
Recommend two (2) strategies that either state or federal government may use in order to address declining educational quality overall. Determine the most appropriate funding method for each recommended strategies. Provide two (2) examples of the successful use of the recommended strategies to support your response.
Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other similar Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:
Examine the unique nature, functions, and role of public financial management.
Assess the impact of budget deficits / surpluses and national debt on public finance, and strategies for managing these issues.
Analyze the economic impact of the tax system in the U.S.
Apply the major concepts used in public finance to evaluate finance issues, isolate the core factors, and develop alternatives to address the issues.
Use technology and information resources to research issues in public finance.
Write clearly and concisely about public finance using proper writing mechanics

Reference no: EM13716715

Questions Cloud

The thickness of the gaas layer : GaAs (n = 3.6) for light of wavelength λ = 1.3 μm that will operate only in the fundamental mode. Assuming the cover layer is air and the substrate has a refractive index ns = 3.5, what range of the GaAs layer thickness can be? (b) If we want t..
The household first starts up at x=10 : Like in the notes assume the household first starts up at x=10 where the rent is $0.30 per square foot. The household choses an apartment with 1,000 square feet. However and in contrast to the notes, the preference (=utility curves) are now not..
Small businesses found in the service-producing sector : Why are most small businesses found in the service-producing sector? Identify five small service-producing businesses that you patronize frequently. What kinds of small businesses are found in the goods-producing sector? What small goods-produc..
An effort to move the economy out of a recession : In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Respond to the following points in your paper on the actions the government would take to address expansionary fiscal a..
All over the world are involved in providing education : It is common knowledge that governments all over the world are involved in providing education for their citizens. To gauge the effectiveness of public education, federal government, states, and independent agencies measure achievement regularl..
How does each influence the state government : Post a 4-5 pg paper. Identify and provide a description of one interest group and its connection or relationship to each of the two principal political parties. How does each influence the state government ?
Which economic theory seems more accurate : Which economic theory seems more accurate to you? Classical or Keynesian theory? In your explanation, describe the key assumptions of the theory you choose and explain why you think those assumptions are reasonable to make. In your answer, incl..
Training and development in small businesses : Select a small business with which you are familiar. Imagine that you have been called into that business to provide a consultation on training. Create a comprehensive training proposal for the business.
Justified and supported with substantial research : Section 1: Application (40 Points) Please answer the following question by integrating research, examples and opinion. Your answer should be no less than 300 words in length. The assignment is worth 40 points. It is important that your answer i..

Reviews

Write a Review

Microeconomics Questions & Answers

  Monetary transmission mechanism-quantity theory of money

Monetary Transmission Mechanism: According to the Keynesian school, show what happens, step by step, when the Federal Reserve sells US treasury bills to US banks. Quantity Theory of Money: According to the Monetarists and Rational Expectations, expla..

  Monopolist do to maximize profits

A pure monopolist determines that at the current level of output the marginal cost of production is $2.00, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolis..

  Discuss who gains and who loses from a tariff

Discuss why would cash transfers typically be preferred by recipients over in-kind transfers? What are the pros and cons of each from a government perspective?

  Describe what is the average variable cost

A profit-maximizing firm in a competitive market is currently producing 100 units of output. It has average revenue so $10, average total cost of $8 and fixed cost of $200. what is the profit.

  What challenges does the firm face to sustain this practice

market power may produce a level of output greater than its profit maximizing level of output to gain market share and block entry of new firms. What challenges does the firm face to sustain this practice?

  What is the market supply curve

What is the market supply curve?

  Marginal benefits from watching movies are exactly the same

Suppose there are two individuals (person A and person B) who have the same preference for Kramer IMAX Theatre, i.e. their marginal benefits from watching movies are exactly the same and the more they watch the lower the satisfaction (benefit) they g..

  Hawaii department of transportation has planned bypass loop

The Hawaii Department of Transportation has planned a bypass loop that is expected to cost $9,000,000 and save motorists $820,000 per year in gasoline and other automobile related expenses.

  Explain what corporate social responsibility

In your own words, explain what corporate social responsibility (CSR) is. Name two examples of social responsible companies you know and explain why you consider them so.

  What is the major problem in achieving an efficient use

If there were a global market in water, like there is in oil, how do you think the market would work Would a free world market in water achieve an efficient use of the world's water resources Explain why or why not.

  Calculate the profit-maximizing quantity and price

A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..

  Write down the most significant factors which have led to

what are the most significant factors that have led to the development of the long-term care system as it currently

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd