Economics of Education

Education is integral in the human capital production for the economy, distribution of income, economic growth and civic society. This course is an introduction to the economics of education. It introduces microeconomic theories of returns to education and econometric methods that are employed in investigating issues in education. The course pays attention to causal inference and predictions about impact of education policies. Primary focus is on early childhood and K-12 education in the US. It explores educational outcomes, effectiveness of school financing, teacher labor markets, accountability and school choice. It studies reforms and interventions to increase accountability and production in education. Prerequisite: Economics 201D and (Economics 204D or 208D)