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Education and Growth in Comparative Perspective
History, Politics & International Studies Program
Madrid, Spain
Dates: 1/19/23 - 6/3/23
Education and Growth in Comparative Perspective
OVERVIEW
CEA CAPA Partner Institution: Universidad Carlos III de Madrid
Location: Madrid, Spain
Primary Subject Area: Economics
Instruction in: English
Course Code: 16936
Transcript Source: Partner Institution
Course Details: Level 400
Recommended Semester Credits: 3
Contact Hours: 42
Prerequisites: Economics I (Microeconomics); Economics II (Macroeconomics); Statistics for social sciences I: Introduction to statistics; Statistics for social sciences II: multivariate techniques; Evaluation of public policy:
DESCRIPTION
1.- International indicators in Education
Human capital indicators: Gross and Net enrolment rates, Indicators on educational expenditures and the stock of human capital. Human Development Index.
2.- Education and Economic Growth
Human capital and economic growth: Is there any causal relationship? Is school quality driving countries¿ economic growth or is it that richer countries have better education systems?
The role of education in technology adoption, growth, and economic convergence.
3.- Education Demand
Why do some individuals decide to study after finishing compulsory education? Which are the factors explaining the demand for education?
The Human Capital Model and its implications. Education as a Consumption Good. The Signaling Model. Intergenerational transmission of inequality.
Empirical implications of the models. Determinants of individual education investments: socio-economic background and employment perspectives after graduation.
4.- The Economic Returns to Education
Are there economic returns to investments in education? Are there too many university graduates (over-education)?
Mincer Earnings Equation. Effects of educational attainment on labor market outcomes. Applications.
5.- Educational Costs
Which are the costs of studying?
Educational Costs and Expenditures. Public and Private Expenditure on Education. Educational Costs Functions. Economies of Scale and Scope in Education.
6.- The Production of Education
How is school quality measured? Which are the factors explaining school quality? How can we explain the fact that two students with the same number of years of education acquire different levels of human capital? Which is the impact on school quality of increasing class size? Which are the determinants of school dropout?
School inputs and student achievement: definitions and measures. International measures. The Determinants of School Quality. Impact of Coleman Report. Education Production functions and estimates using the Value Added Model.
Effects on quality of education of public spending, class size, peer-group effects, teachers¿ quality, school quality, tracking policies, etc.
7.- The Financing of Compulsory Education
Reasons for state intervention in education: compulsory, free and publicly produce education.
State and Local funding of publicly provided education. School vouchers: models and experiments. Publicly financed Private Education. Equity and Efficiency. School choice issues. Which are the effects of different school systems and school choice programs on equality of opportunity?
8.- The Financing of Higher Education
How may an increase in university fees affect equity and efficiency in higher education?
Fees, scholarships, loans and taxes. International experiences across OECD countries. The Financing of Public Universities.
Over the course we will also see the usefulness of the various aspects covered for policy analysis in education and training and for assessing the public sector intervention in education.
Bibliography can be found in the file under "Detailed subject contents or complementary information"
Human capital indicators: Gross and Net enrolment rates, Indicators on educational expenditures and the stock of human capital. Human Development Index.
2.- Education and Economic Growth
Human capital and economic growth: Is there any causal relationship? Is school quality driving countries¿ economic growth or is it that richer countries have better education systems?
The role of education in technology adoption, growth, and economic convergence.
3.- Education Demand
Why do some individuals decide to study after finishing compulsory education? Which are the factors explaining the demand for education?
The Human Capital Model and its implications. Education as a Consumption Good. The Signaling Model. Intergenerational transmission of inequality.
Empirical implications of the models. Determinants of individual education investments: socio-economic background and employment perspectives after graduation.
4.- The Economic Returns to Education
Are there economic returns to investments in education? Are there too many university graduates (over-education)?
Mincer Earnings Equation. Effects of educational attainment on labor market outcomes. Applications.
5.- Educational Costs
Which are the costs of studying?
Educational Costs and Expenditures. Public and Private Expenditure on Education. Educational Costs Functions. Economies of Scale and Scope in Education.
6.- The Production of Education
How is school quality measured? Which are the factors explaining school quality? How can we explain the fact that two students with the same number of years of education acquire different levels of human capital? Which is the impact on school quality of increasing class size? Which are the determinants of school dropout?
School inputs and student achievement: definitions and measures. International measures. The Determinants of School Quality. Impact of Coleman Report. Education Production functions and estimates using the Value Added Model.
Effects on quality of education of public spending, class size, peer-group effects, teachers¿ quality, school quality, tracking policies, etc.
7.- The Financing of Compulsory Education
Reasons for state intervention in education: compulsory, free and publicly produce education.
State and Local funding of publicly provided education. School vouchers: models and experiments. Publicly financed Private Education. Equity and Efficiency. School choice issues. Which are the effects of different school systems and school choice programs on equality of opportunity?
8.- The Financing of Higher Education
How may an increase in university fees affect equity and efficiency in higher education?
Fees, scholarships, loans and taxes. International experiences across OECD countries. The Financing of Public Universities.
Over the course we will also see the usefulness of the various aspects covered for policy analysis in education and training and for assessing the public sector intervention in education.
Bibliography can be found in the file under "Detailed subject contents or complementary information"