Equilibrium, Shortage, Surplus.
3. Education Return and Cost (2 credit hours)
What are returns to education and costs of education?
Introduce the classification of education returns, the market and non-market returns of education,
the estimation methods and international comparison of rate of return to education.
The concept of education cost, education fund, the calculation and sharing of education cost.
4. Education Production (2 credit hours)
Learn the concepts of education inputs and outputs, scale economy, etc.
Understand the education production function and education cost function.
Discussion: Industrialization of education: Can education be viewed as a production line?
5. College Student Development and Academic Achievement (2 credit hours)
Discuss the influences of school, class, neighborhood, family and individual factors on college
student achievement and development.
Guide the students to discuss the influencing factors of their own development.
6. Education and Labor Market (2 credit hours)
Wage determination: by diploma or ability?
Study human capital theory, screening theory, labor market segmentation theory, etc. Understand
the returns to education on the labor market.
Discuss the problem of over-education and diploma inflation.
7. Education and Economic Development (2 credit hours)
How education promotes economic growth?
The meaning of economic development and the contribution of education to economic growth.
Multiplier effect, Crowding out effect
Case study: The effect of education expansion on economic development.
8. Education and Technology Innovation (2 credit hours)
Whether universities be regarded as knowledge factory?
The impact and contribution of education to technology innovation. The situation and efficiency