Leverage Educational Economics For Lifelong Success

Exploring the Economic Dynamics of Education

What you'll learn

Define economics of education, know its significance and discuss the concept of human capital theory and examine how it has been applied in education

Learn about the concepts of demand and supply as applied in education. Factors affecting the demand and supply of education.

Understand the concept of costs in education and analyze the behavior of costs in educational investments. Describe the various sources of finance

Examine how education is a consumption and investment as well as the concept of economic growth and development in relation to education

Examine problems facing education planning, the significance of demographic data in planning as well as the different approaches of planning education.

Define access in education, compute the indicators of access, outline the factors affecting access as well as understand matters of equity and efficiency.

Requirements

Educators and teachers seeking a deeper understanding of the economic aspects of education.

There are no strict prerequisites for this course, but a basic understanding of economics would be beneficial. Familiarity with key economic concepts such as supply and demand, costs, and economic growth would enhance the learning experience.

Description

Education is undergoing a massive paradigm shift - Traditional models are being challenged by digital transformation, personalized learning, and the global economy's increasing demands.We cannot continue to bury our heads in the sand like the proverbial ostrich! Come let's explore this shift together in Education-omics – or otherwise known (Economics of Education), gain insights into the evolving roles of educators, learners, and institutions, and how these changes influence resource allocation, policy formation, and educational outcomes.This is for you if you are an educator at the forefront of shaping future generations, a policy maker formulating decisions that drive equitable access, affordability, and quality of education. A private school owner in search of new ways to optimize your institution as an engine of economic growth. A social enterprise dedicated to education for driving meaningful change or Lobby group/civil society focused on education. This course will be a helpful tool in amplifying your advocacy efforts.It is a self-paced course with video lessons, bite-sized modules, study materials, quizzes to track progress, and a dedicated forum where you can ask questions, share insights, and participate in discussions to enhance your learning experience. You will also have lifetime access to the materials, including any future updates or additionsSo what are you waiting for, Enroll now and lets get into the heart of the matter!

Overview

Section 1: Introduction to Economics of Education

Lecture 1 Definition and significance of the economics of education

Lecture 2 The Human Capital Theory and it's application in Education

Section 2: Demand and Supply of Education

Lecture 3 The concept of demand in education

Lecture 4 Factors influencing the demand for education

Lecture 5 Factors influencing the supply of education

Section 3: Costs in Education

Lecture 6 Overview of cost structures in education

Lecture 7 Behavior of costs in educational investments

Lecture 8 Funding models and sources of finance in education

Section 4: Education as Consumption and Investment

Lecture 9 Understanding education as a consumption & investment

Lecture 10 Unemployment: Types, Causes, Consequences, and Strategies for Reduction

Section 5: Challenges in Education Planning

Lecture 11 Education Planning: Justifications, Functions, and Features of a Good Education

Lecture 12 Significance of demographic data in education planning

Lecture 13 Different approaches to planning education

Section 6: Access, Equity, and Efficiency in Education

Lecture 14 Definition and indicators of access in education

Lecture 15 Factors influencing access to education

Section 7: Conclusion and Future Trends

Lecture 16 Exploring equity and efficiency concerns in educational systems

Lecture 17 Economics of Education 2023 and Beyond: Opportunities for further Exploration

This course is a must have for education managers/planners in both public and private sector as well as non profits whose agenda is to educate as it is meant to ensure realization of education outcomes with scarce resources,Education administrators and policymakers interested in applying economic principles to educational planning and decision-making.,Students and researchers in the fields of education, economics, and related disciplines.,Professionals working in the education sector or those interested in pursuing a career in education.