Determinants of private demand - linkages with employment, Microeconomics

Determinants of Private Demand - Linkages with Employment

Employment potential of courses in higher education is an important determinant of private investment in higher education. There is no organised, capsuled information on the types of employment opportunities for college/university graduates completing various courses of study. Even where scanty information is available, it is grossly incomplete in terms of career prospects, earnings and perks. In such a situation, one has to rely on word of mouth information on employment potential and career prospects of courses, look to role models from within the kinship group, neighbourhood or the larger community. There are cells for educational and vocational guidance in Departments of Education in many States of India.

The National Council for Educational Research and Training (NCERT) also has a cell on this subject which brings out career guidance literature. Though they are valuable, they cover a limited ground. As the employment market is dynamic, signifying a state of constant change, the information gets out-dated over a period of time. A peripatetic team of career counselors used to go round schools some time in the past. With five thousand secondary schools and two hundred working days in a year, peripatetic guidance is not a practicable proposition.

Hence, by and large students grope and leap in the dark in so far as investments in higher education are concerned. Further, there is a gestation period of three to five years or more for completion of courses in higher education during which time the investment made in acquiring the education may not match with the anticipated employment benefits. Certain sectors might reach a point of saturation while certain new avenues may open up in some emerging sectors. Availability of systematic, classified, clear, accurate and adequate information regarding job potential of educational courses is conspicuous by its absence particularly in the field of higher education.

Posted Date: 12/17/2012 4:18:00 AM | Location : United States







Related Discussions:- Determinants of private demand - linkages with employment, Assignment Help, Ask Question on Determinants of private demand - linkages with employment, Get Answer, Expert's Help, Determinants of private demand - linkages with employment Discussions

Write discussion on Determinants of private demand - linkages with employment
Your posts are moderated
Related Questions
who is a rational producer?

Just in Time Scheduling  - JIT JIT techniques are being widely adopted by operations managers in manufacturing companies in the West. JIT ideas have not only had a profound im

Human numbers grew as the population after 1800 After 1800, human numbers grew as the population explosion took hold. It carried our entire population to 6 billion in October 1

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

1. Explain how absolute advantage and comparative advantage differ? 2. Give an example in which a person has an absolute advantage in doing some thing but another pers

reason for kinked demand curve

The owner of a firm Mr. Rajneesh expects to make a profit of Rs.5,50,000, Rs.6,50,000, Rs.7,50,000 and Rs.8,50,000 at the end of the 1st, 2nd, 3rd and 4th year respectively. Rajne

Analyse the possible effects of speculation on exchange rates. Definition of speculation in currencies as betting on the appreciation/depreciation of a given currency. E

Students at XSU cannot register for english classes. Is this a situation of shortage or surplus of classes? Explain. Also would you expect market forces to do to tuition?

a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility analysis