Economics of education
The purpose of this course is to give an introduction to the economic analysis of education. In addition to the discussion of the theoretical problems of education economics students will learn about empirical analysis of policy issues. We will cover six broad areas 1. we will begin with an introduction to the economic theories about the economic value of education: the human capital theory, the screening/signalling models and the manpower requirement approach. 2. We will then discuss how the quantity and quality of education may contribute to economic growth, 3. methods for cost-benefit analysis of education; 4. theoretical problems of financing education; 5. methods for cost-effectiveness analysis of education and 6. teacher labour market.