Demand and supply considerations of education, Microeconomics

Assignment Help:

Demand and Supply Considerations of Education

Demand and Supply considerations for education are highly significant and useful in ensuring and promoting the ‘efficiency’ of educational expenditures. From a normative perspective, the study of supply and demand for facilities are useful in judging the ‘quality’ of educational expenditures. When the data on supply and demand for education facilities and educational expenditures are examined with reference to the diversity of population and their differential needs, it brings out the ‘equity’ concerns in the area of education. For example, it is observed that the transition rate of boys from lower to higher primary schools and higher primary to secondary schools is higher than that of girls. One of the reasons for lower transition rate among girls is that schools in general do not possess toilets for girls in adequate numbers. A programme of provision of toilets with sanitary facility for girls in schools would create a higher level of demand for education of girl students. Allocation of resources in such a manner as to boost the demand for education by those who are circumstantially left out of the system would imply a higher level of equity.

Likewise, differentials in demand are caused by factors such as the share of SC/ST population and minorities in total population. Further, all regions in a state or nation may not have comparable levels of educational development. Some regions may need preferential treatment in matters of investment in education so that the region as a whole benefits in terms of educational attainment. Such a consideration would result in the promotion of ‘regional parity’. It is quite well known that regional disparities in the development levels lead to social tensions. Such social disintegration needs to be countered with effective planning and development. Thus, the four major factors which are important in respect of the demand and supply considerations of education are: efficiency, quality, equity and regional parity.


Related Discussions:- Demand and supply considerations of education

Infrastructure , Infrastructure : Infrastructure plays an important ro...

Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p

Determine the dividend yield and current stock price, The Bloomington Elect...

The Bloomington Electric Company operates in a stable industry and therefore has predictable dividend growth of 8% per year. The most recent annual dividend was paid yesterday in t

Economics, characteristics of microeconomics

characteristics of microeconomics

Explain about natural monopoly, Q. Explain about Natural Monopoly? Natu...

Q. Explain about Natural Monopoly? Natural Monopoly: In some industries, economies of scale are so strong that it makes most economic sense for there to be just one supplier. T

Monopoly market, Question : (a) Differentiate between the characterist...

Question : (a) Differentiate between the characteristics of a perfectly competitive market and those of a monopoly market structure. (b) To what extent is a monopoly mark

Inflation and inflation types, Inflation Types Inflation is generally c...

Inflation Types Inflation is generally classified on the basis of its rate and causes, while rate-based classification of inflation refers to the severity of inflation or how h

Representative consumer faces a wage income tax, suppose, as in the federal...

suppose, as in the federal income tax code for the united states, that the representative consumer faces a wage income tax with a standard deduction. That is the representative con

Attitude towards risk - consumer choice involving risk, Attitude towards Ri...

Attitude towards Risk: Let's assume the following: The utility function   •  has the single argument "wealth" measured in monetary units,  •  is strictly increasing, and

Marginal utility approach, using the marginal utility approach discuss how ...

using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer

Write Your Message!

Captcha
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