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Summary of Educational Financing
The unit began by making a brief reference to the linkage of educational development to poverty and income distribution. It then addressed the issue of public versus private funding in education.The trends in policies of education finance which reflect a gradual shift towards resource mobilisation and privatisation was then discussed followed by an outline of the principle and methods of cost sharing.
A brief comparison of inter-country practices on raising resources for education by a special tax and using the same for specified or earmarked purposes was discussed next. The argument that raising the educational expenditure to 6 per cent of GNP would serve the needs of all the levels of education well was based on the analysis and expert opinions of researchers and planners in the field.
illustrate graphically the influence of an increase in immigrants on the market supply of labour
hoe does the knowledge of price elasticity of demand important to the government
A local airline charges $500 to fly (round-trip) to Louisville, Kentucky. From the past three months, whereas the $500 fare has been in effect every of the two daily flights have a
Two firms produce a pollutant called Q. The total costs of reducing emissions of Q are as follows for Firm 1 and Firm 2, respectively: TC1=10+100Q12 TC2=20 + 50Q22. This means tha
Natural Rate of Unemployment: According to neoclassical economics, wage rate is determined by a process of labour-market clearing (in which employers and workers compete with each
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
Suppose that doctors shift away from a fee-per-visit system and are instead paid set annual salaries. What effect will this have on the supply and demand situation for the health
Suppose that two wage regressions are estimated for native and white workers: Wn = 5.0 + 0.10S Ww = 6.0 + 0.14S Pick a reasonable average level of schooling for white and Native wo
Challenges and discussions
1. Nonwage Determinants of Labor Supply Suppose that two jobs are exactly the same except that one is performed in an air-conditioned workplace. How could you measure the value wor
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