Economics of Education

(3 Credit Hours) · Undergraduate

This course combines economic theory and methods to study the production and delivery of education. We will apply economic principles to understand the rationale for particular education approaches, policies, and programs and use an economic lens to explore their potential impact. We will also learn about applying analytic tools to examine the effects of schooling as well as specific education interventions and reforms. Students will read empirical research and will practice being critical consumers of policy arguments and research findings. They will also complete problem sets and writing assignments with the goals of 1) using economic principles to inform policy debates about education investments, 2) employing evidence to evaluate the impact of education policies and programs, and 3) developing skills in conducting original research on education. Substantive topics will span early childhood education, K-12 schooling, and higher education with a focus on the role of incentives, prices, and markets throughout. The course will explore teacher labor markets and teacher effectiveness, school choice, and accountability, and will include discussion of international contexts.