CHAPTER SIX FINANCING EDUCATION 6a i).Analyze some the sources of educational finance As seen in Chapter I, education is an economic good. For education to be supplied, resources are required. These resources come at a cost and thus the need to address the issue of financing education. As seen earlier, education has got social costs … More ECONOMICS OF EDUCATION: What are some the sources of educational finance?6a i).
CHAPTER SIX FINANCING EDUCATION 6a ii). Explain the rationale for financing education in the Public Sector Rationale for Financing Education in the Public Sector: Education is considered as both a private and social investment which is shared by individual students, their families, employers, government and other social groups e.g. NGOs, FBOs and CBOs. On the … More ECONOMICS OF EDUCATION: What is the rationale for financing education in the Public Sector?6a ii).
CHAPTER SIX FINANCING EDUCATION 6a iii). Examine some of the challenges facing public financing of education Challenges Facing Public Financing of Education: 1. Misallocation among education sub-sectors: Public spending on education is often inefficient when it is misallocated across levels and within levels. In low and middle-income countries, the rates of return to investment in … More ECONOMICS OF EDUCATION: What are some of the challenges facing public financing of education?6a iii).
CHAPTER SIX FINANCING EDUCATION 6a iv). Examine the concept of diversifying sources of Financing Education Diversifying Sources of Financing Education During the 1960 and 1970s, most of the expansion of education in many countries was financed by increased public expenditure on education which rose in relation to national income and public expenditure as a whole. … More ECONOMICS OF EDUCATION: How can one diversify sources of Financing Education?6a iv).