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Educational Financing
Previously you have learnt various aspects relating to the Economics of Education. Specifically, you have studied about: importance of education in contributing to human capital formation [and how this realisation led to the recognition that expenditure on education should be viewed as investment rather than consumption]; the issues governing the demand and supply considerations of education; and the usefulness of the different techniques for determining the demand for education in planning for its supply.
The present unit deals with the dynamics of Educational Finance (EF) which is closely related with the education policies of a country. In particular, we shall study the different sources of EF, the issue of private sector investment in higher education in the context of education sector reforms, trends in expenditure among the different stages of education, different approaches suggested in cost-recovery of higher education along with their relative merits/demerits, a cross-country profile on some indicators relating to EF, etc.
If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $
functions of taxes
use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag
Consider a market with short run demand and Supply functions. Qd=4-p^2, Q''s=4p-1.Find the partial market equilibrium, calculate consumer and producer surplus at this equilibrium,
note for assignment
State the example of price and price level Create a basket which contains all the goods sold by a specific store on a specific day. Price of this basket is then a price level -
Real Interest Rate: Interest rate on a loan, adjusted for rate of inflation. Real interest rate represents real burden of an interest payment. Real interest rates should be positiv
group trend including ionic and atomic radii,electron affinity,electronegativity,charge density and ionization potential
Economic Development The word development is from the Latin root ‘Voloper’ which meant wrap up, envelop. The English used this word along with ‘des’ meaning ‘undo’. The word
clarify the opportunity cost theory
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