Education and Economic Development

Course Description

This course surveys the links between education and economic development. We examine differentials in educational attainment and schooling investments across the globe. We additionally look at the factors that influence primary and secondary school enrollment in developing countries; the role of higher education in economic development; and the nature of inequities in educational outcomes on the basis of income, gender, race, and ethnicity. The course then moves to understanding the demand for educational investments, the supply and costs of educational inputs, and the theory and measurement of cost-benefit analysis in education. We also discuss alternative approaches to the public financing of education, issues of decentralization, and governance. Throughout the course, there is a focus on key policy issues in education and economic development, such as the gender gap in schooling, child labor force participation, adult literacy programs, the role of international organizations (such as the World Bank), the impact of the IMF-based structural adjustment programs on educational investments, and the relative impact of public versus private spending on primary, secondary and tertiary education.