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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.
EXCEPTIONAL SUPPLY
Fiat money is not a new idea. Some European historians recognize the first use of fiat money in Europe resulting from gold and silver smiths issuing their customers receipts for g
Interest rate sensitivity can also be understood from another perspective. The total cost of a commodity is not just its price, but also what must be paid to borrow money to purch
Determinants of Private Demand - Waiting-Time for Employment ‘Waiting time’ for employment is another important factor. The waiting time varies from course to course. For inst
Derivation of compensated demand curve: Hicksian compensated demand function for x 1 is given by x 1 =x 1 (p 1 , p 2 , U), where Hicksian compensated demand curve for a good
concept of the law of supply
#question.what is the periodc clasification?.
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