Syllabus
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Course Code: MED120(A)(i) Course Name: Education: Policy, Economics and Planning (at Elementary Level) |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | 1. Economics of Education • Meaning • Aims • Scope • Significance 2. Education as Consumption or Investment • Education as Consumption • Education as Investment • Difficulties on Teaching Education as Investment or Consumption |
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| 2 | 3. Cost of Education • Components of Education Cost • Methods of Determining Cost • Problems arising in the Application of the Concept of Cost in Education 4. Benefits of Education • Concept of Cost Benefit Analysis • Concept of Private and Social Relevance Rate of Return Analysis and its Limitations • Limitations of Cost Benefit Analysis |
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| 3 | 5. Education and Economic Development • Concept of Growth and Development • Education and Economic Development • Factors affecting contribution to Economic Growth Development • Growth producing Capacities, Difficulties involvement in Calculation of Contributions of Education to Economic Growth 6. Human Capital • Meaning • Education as Industry • Issues of Economics of Education • Residual Approach • Criticism against Human Capital Theory |
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| 4 | 7. Manpower Requirement • Meaning • Manpower Forecasting • Difference in Forecasting and Projection • Rationale of Manpower Forecasting • Limitations of Forecasting • Approaches of Forecasting 8. Educated Unemployment • Causes • Problems • Effects of Unemployment on Economy and their Remedies • Linking of Education with Job Apprehension • Self Employment |
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