Introduction to Economics of Education

Introduction to Economics of Education - A Sub Title Of The Book- Educational Management: New Perspectives

Overview

Economics of education as a specialized area of study is justified by the need for stakeholders in education to be adequately informed about how well educational resources can be utilized in order to meet the educational needs of individuals, communities and the country as a whole. It highlighted the inseparable relationship between the economy and education, because adequate provision of economic resources to fund and finance educational needs will have significant influence on the volume and value of economic outputs. A sustained investment in education can engender a massive returns to investment of time, money and personnel which could in turn benefit the country’s economy.