Household demand for years of schooling Perceived private rates of return per level Income Improves with productivity and qualifications Learning outcomesQualifications.

Slides:

Advertisements

Similar presentations

The Competitive Market in Public / Private Education.

Advertisements

The American Economy What are the major factors and theories that determine how people and businesses make economic decisions in the USA?

Session 2 Economic Systems Disclaimer: The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank.

Aggregate Demand Module 17.

Macroeconomic Policies

EVOLUTION OF DISCLOSURE REGULATION RATIONALES: PRELUDE TO A NEW THEORY.

1 SUMMARY OF SOCIAL INDICATORS USED BY THE OECD Denis Ward Statistics Directorate OECD.

The basic ingredients of the US economy Before working with this presentation you might like to look at ‘The short economic history of post war world -

Economics of Systemic Transformation Transformation Strategies – between the Big Bang and Gradualism.

Human Capital of the New Generation By Jorah Ramlan ISIS Malaysia.

Chapter 8 Human Capital: Education and Health in Economic Development.

Supply-side Indicators for the UK Economy Tutor2u Economics February 2009.

Economic Environment. Meaning of Economic Environment: Those Economic factors which have their affect on the working of the business is known as economic.

Direct & Indirect Direct & Indirect.  Tax …….means charge  “A tax is a compulsory payment from a person to the govt to defray the expenses incurred.

Copyright © 2004 South-Western The Loanable Funds Market Mod 29.

Applications of Demand and Supply Chapter 4. The Personal Computer Market Invention of the microchip reduced the cost of producing computers This technological.

Unemployment AS economics presentation on the measurement and causes of unemployment.

Life Impact | The University of Adelaide University of Papua New Guinea Economic Development Lecture 9: Education.

Ch 25 Saving, Investment and the Financial System.

The Market for Loanable Funds  For the economy as a whole, savings always equals investment spending  In a closed economy, savings is equal to national.

A2 Business Studies – External Influences Economic opportunities and constraints.

Education and Poverty Social World I Observations Strong consensus, education as important determinant of individual earnings; economic growth Exists.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

The Loanable Funds Market. Equilibrium Interest Rate Savers and buyers are matched in markets governed by supply and demand There are many markets, but.

Topic 8: Taxes, regulation, and government intervention.

1 Economics and the Business Environment 1 Economics and the Business Environment.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

1. Adding to Physical Capital – High rates of savings & investment spending 2. Adding to Human Capital – Making education a priority 3. Technology Progress.

Section C: Part 2 Government policies to deal with the macroeconomic objectives Chapter 37: Economic policy and policy instruments.

ECONOMIC SYSTEM COMPONENTS Private Ownership l Control of productive resources land labor capital that are used to produce goods and services.

 No economic system is completely command or completely market.  There’s a mixture of government in a market economy.  There’s also a mixture of markets.

IGCSE®/O Level Economics

History of economic thought The principles of economic thinking Petr Wawrosz.

ESSENTIAL STANDARD 1.00 UNDERSTAND THE ROLE OF BUSINESS IN THE GLOBAL ECONOMY. 1.

Economic Systems.

Presented by: Dawie Roodt 30 January : Finding the Balance.

Economic Choices Chapter 2. What are the consequences of Economic choices? Trade-offs Opportunity costs TANSTAAFL’s Principle What is sacrificed? Opportunity.

The UK Supply Side. Key supply side concepts Aggregate supply Incentives for people and businesses Productivity The economy’s productive potential Capital.

Unit 2 Glossary. Macroeconomics The study of issues that effect economies as a whole.

The Economizing Problem part 2 Please listen to the audio as you work through the slides.

MONETARY POLICY. What is it?  The use of interest rates and the money supply to control aggregate demand in the economy.

Supply-Side Policies. Aims of supply-side policies Shift LRAS to the right Expanding the economy (output) Non-inflationary Mainly fiscal policies and.

Ten Principles of Economics 1. Economy – “oikonomos” (Greek) –“One who manages a household” Household - many decisions –Allocate scarce resources Ability,

The free operation of the market system sometimes results in resources not being used in ways that efficiently satisfy needs and wants of consumers.

Loanable Funds Market Module 29.

Loanable Funds.

FINANCING TVET TVET COSTING, DIVERSIFIED FINANCING SYSTEMS AND COST REDUCING STRATEGIES.

What you will learn in this chapter:

National Income Accounting

The Political Economy Of Foreign Direct Investment

Human Capital Human capital corresponds to any stock of knowledge or characteristics the worker has (either innate or acquired) that contributes to his.

Great notes for each chapter

The connections of secured property rights and economic development

National Income Accounting

Chapter 2 Section 2 The Free Market.

Summary Notes Economics 230 Part II.

4.5 The Role of Foreign Direct Investment (FDI)

Investment Chapter 9.

Income and interest rates

Unit 1: Basic Economic Concepts

Lifelong Learning in the Global Knowledge Economy

Chapter 7: Education Beyond Economic Growth: An Introduction to Sustainable Development By Tatyana P. Soubbotina.

Unit 3: Supply, Demand, and Consumer Choice

Unit 1: Basic Economic Concepts

CIRCULAR FLOW DIAGRAM.

វិទ្យាស្ថានខ្មែរជំនាន់ថ្មីInstitute of New Khmer

Unit 1: Basic Economic Concepts

Loanable Funds Market Module 29.

Presentation transcript:

Household demand for years of schooling Perceived private rates of return per level Income Improves with productivity and qualifications Learning outcomesQualifications Productivity Screening/ signalling Positive externalities Economic growth and social development Direct costs Indirect costs/ opportunity costs Public spending Measures to combat external information asymmetries Enforced investment through compulsory schooling Quality hurdles (prevention of poor investment) EDUCATION SYSTEM Household investment in schooling Internal efficiency improvements (accountability, incentives, disincentives) The human capital model and the role of education policies EDUCATION IN THE HOME PRIMARYSECONDARYTERTIARY/POST-SCHOOL  Low unit cost, high public needHigh unit cost, lower public need  Price management Dealing with teacher monopsony/monopoly. Report cards and qualifications. At secondary and especially tertiary levels. At school level but centrally managed. Publishing labour market information. Perceived income benefits.

Household demand for years of schooling Perceived private rates of return per level Income Improves with productivity and qualifications Learning outcomesQualifications Productivity Screening/ signalling Positive externalities Economic growth and social development Direct costs Indirect costs/ opportunity costs Public spending Measures to combat external information asymmetries Enforced investment through compulsory schooling Quality hurdles (prevention of poor investment) EDUCATION SYSTEM Household investment in schooling Internal efficiency improvements (accountability, incentives, disincentives) The human capital model and the role of education policies EDUCATION IN THE HOME PRIMARYSECONDARYTERTIARY/POST-SCHOOL  Low unit cost, high public needHigh unit cost, lower public need  Price management Dealing with teacher monopsony/monopoly. Report cards and qualifications. At secondary and especially tertiary levels. At school level but centrally managed. Publishing labour market information. Perceived income benefits.