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Description
Aims: To develop an understanding of the application of economics to the analysis of education policy, and to provide empirical evidence on the returns to different types of investments in human capital, and discuss the implications of this evidence for policy.
In this module we will analyze education policy through the lens of economics. There will be discussions of rigorous economic arguments for or against different types of policies. We will also examine the best empirical evidence on these arguments.
Suitable for: 2nd / final year Economics (L100, L101 and L102) and final year Econ/Geog (LL17), Phil/Econ (VL51) and PPE (4V86) students.
Prerequisites: ECON0002: Economics, ECON0004: Applied Economics, ECON0005: Statistical Methods in Economics and ECON0006/ECON0010: Maths for Economists (or equivalents). Students should also have taken ECON0013: Microeconomics and ECON0019: Quantitative Economics and Econometrics (or equivalents).
Assumed knowledge: Students coming into the module should be able to solve basic consumer maximization problems (e.g., maximize utility subject to a budget constraint), understand supply and demand, and solve for market equilibria in simple economies. They should also have an understanding of basic concepts in public economics such as externalities, public goods, taxation. Finally, they should have a working knowledge of essential tools in applied econometrics (e.g., regression, least squares, instrumental variables, difference in differences, regression discontinuity).
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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