Uses a microeconomic framework to analyze important questions in education policy about school finance, organization, efficiency, and equity. Is education a private good? What are the costs and benefits of expanded education for individuals, communities, and countries? What are the consequences of more widespread early childhood education and college attendance? What is the role of teachers, peers, and families in education? Does school choice promote student achievement? Applies concepts such as comparative statics, subsidies, externalities, perfect and imperfect competition, cost-benefit analysis, and welfare analysis to these and other questions. Each semester includes one or two policy discussions on contemporary issues in education.
Max Enrollment: 25
Prerequisites: ECON 101. ECON 102 and ECON 103 recommended.
Distribution Requirements: SBA - Social and Behavioral Analysis
Typical Periods Offered: Fall
Semesters Offered this Academic Year: Fall