10 Economics of education

Learning objectives

After reading this chapter, you will be able to:

  1. LO1 Consider the important role for schools in society during a pandemic.
  2. LO2 Explain why pandemics complicate the educational experience.
  3. LO3 Describe the model of investment in human capital.
  4. LO4 Assess the costs and benefits of school reopening.
  5. LO5 Evaluate different educational models during a pandemic.
  6. LO6 Discuss technological advances and innovations in education.
  7. LO7 Explain why tuition-based systems of higher education suffer during pandemics.

Chapter outline

  • The important role of schools
  • The impact of a pandemic on education
  • Investment in human capital: a model framework
  • Reopening schools
  • Educational models during a pandemic

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