CHAPTER FIVE EFFICIENCY AND EQUITY IN EDUCATION 5a i). Examine the concept of efficiency in education We have already seen that economics is the study of how man uses the scarce resources at his disposal to meet a variety of needs/objectives. Due to this challenge of scarcity, resources have to be used well so as to … More ECONOMICS OF EDUCATION: What are the different types of efficiency and how do they relate to education?
CHAPTER FIVE EFFICIENCY AND EQUITY IN EDUCATION 5a ii). Analyze how cost function analysis and internal efficiency relates to the teaching process. Cost-Function analysis and internal efficiency Economics of education was defined as the application of Economic tools of analysis to Education. One such tool is the Cost-Function analysis. Cost-Function analysis is the inter-relationship between … More ECONOMICS OF EDUCATION: How does cost function analysis and internal efficiency relate to the teaching process?
CHAPTER FIVE EFFICIENCY AND EQUITY IN EDUCATION 5a iii). Examine the obstacles of Educational Efficiency Obstacles to Educational Efficiency Wastage: Drop out and repetition. These could be due to; a) economic difficulties and b). Low quality of education Teacher salaries. Consume about 90% of the education budget. However, if teachers are well paid, the system … More ECONOMICS OF EDUCATION: What are some of the obstacles facing Educational Efficiency?
CHAPTER FIVE EFFICIENCY AND EQUITY IN EDUCATION 5a iv). Assess the place of Equity in Education EQUITY IN EDUCATION Definition. Equity is a political/social/moral principle which is concerned with “fairness” and “justice” especially with regard to allocation of resources. Equity is not the same as equality. In some old literature, the two terms are treated … More ECONOMICS OF EDUCATION:What is the place of Equity in Education?