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

Explain the economic principle, Various studies have concluded that the dem...

Various studies have concluded that the demand for movie cinema attendance is responsive to advertising.  A study of one company, with movie cinemas in three neighbouring towns, sh

Explain the industrial revolution, The Industrial Revolution The centur...

The Industrial Revolution The century after 1750, saw the industrial revolution proper: invention of steam engine, spinning jenny, power loom, hydraulic press, railroad locomot

Help, I have some Microeconomics problem need to be solve, three Long quest...

I have some Microeconomics problem need to be solve, three Long question and 10 multiple-choice. If I give you four hours can you finish.

Market structure, discuss the implications of various market structure for ...

discuss the implications of various market structure for price determination

Demand function for product, 2. You are examining the effects of a specific...

2. You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a per

Explain the first-order condition of sufficiency of consumer, Explain the f...

Explain the first-order condition of sufficiency of consumer. Sufficiency of Consumer’s First-Order Conditions This first-order condition is merely essential conditions for

Baumol tobins inventory model, Under specified assumptions, derive the squa...

Under specified assumptions, derive the square-root formula of the Baumol-Tobin's inventory model of transactions demand for money and briefly describe the effect of a one period i

Demand, demand elasticity

demand elasticity

Assignment, suppose you have a coffee shop. list of fixed input and variabl...

suppose you have a coffee shop. list of fixed input and variable input for operating the shop. ques-2 describe the condition under in which labour treated as variable cost and whic

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