Economic Principles for Education

Clive R. Belfield

ISBN 10: 1840644443 / ISBN 13: 9781840644449

Published by Edward Elgar Publishing Ltd, GB, 2000

About this Item

Education has become an increasingly important activity within all economies; from pre-school years groups through to continuing education and retraining, the accumulation of skills spans a lifetime. Economic Principles for Education looks at all the major areas of economics, applying them to education.Human capital theory is discussed and evidence on rates of return and the benefits of training is presented. The demand for education is described, with an assessment of how pervasive wealth effects are in education systems. The author discusses the efficiency of education providers, including teacher supply, and identifies the optimal rules for teacher deployment. Education markets, the role of governments and the macroeconomics of education are all considered along with the key social benefits of education.Using evidence from a range of countries, but particularly the UK and the US, Clive Belfield provides an appreciation of the depth and breadth of the literature of the economic study of education in one easily accessible volume. This will be a valuable text for scholars of economics and education, and will be welcomed by all those interested in obtaining an overview of the field and in understanding the key principles economists use.

Seller Inventory # LU-9781840644449

Bibliographic Details

• Title: Economic Principles for Education
• Publisher: Edward Elgar Publishing Ltd, GB
• Publication Date: 2000
• Language: English
• ISBN 10: 1840644443
• ISBN 13: 9781840644449
• Binding: Hardback
• Condition: New

About this title

Synopsis

Education has become an increasingly important activity within all economies; from pre-school years groups through to continuing education and retraining, the accumulation of skills spans a lifetime. Economic Principles for Education looks at all the major areas of economics, applying them to education.

Human capital theory is discussed and evidence on rates of return and the benefits of training is presented. The demand for education is described, with an assessment of how pervasive wealth effects are in education systems. The author discusses the efficiency of education providers, including teacher supply, and identifies the optimal rules for teacher deployment. Education markets, the role of governments and the macroeconomics of education are all considered along with the key social benefits of education.

Using evidence from a range of countries, but particularly the UK and the US, Clive Belfield provides an appreciation of the depth and breadth of the literature of the economic study of education in one easily accessible volume. This will be a valuable text for scholars of economics and education, and will be welcomed by all those interested in obtaining an overview of the field and in understanding the key principles economists use.

About the Author

Clive R. Belfield, Assistant Professor of Economics, Queens College, City University of New York, US