Course code: 172736 | Subject title: ECONOMICS OF EDUCATION | ||||
Credits: 6 | Type of subject: Optative | Year: 4 | Period: 1º S | ||
Department: Economía | |||||
Lecturers: | |||||
MARTINEZ MORA, FRANCISCO DE ASIS (Resp) [Mentoring ] |
This course examines economic issues related to education and education policy, balancing theory with empirical findings. We apply economic analysis from several fields: game theory, microeconomics, public economics, labor economics and matching theory and others. The course places emphasis on the policy implications of economic analysis, and on current real-world problems with a strong connection to education policy such as poverty and the poverty cycle, income inequality and its reproduction across generations, gender inequality or long-run economic growth. Of particular interest to the course are the relationship between education policy and the equal opportunity goal, as well as the equity and efficiency implications of current education policy proposals. Real-world examples will be drawn mostly from Spain and the United States, but we will also make broader international comparisons when possible.
The contents of the course align with several Sustainable Development Goals (SDGs) of the United Nations Agenda 2030: "Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all" (SDG 4); "End poverty in all its forms everywhere" (SDG 1); "Reduce inequality within and among countries" (SDG 10); ¿Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels¿ (SDG 16); and ¿Achieve gender equality and empower all women and girls¿ (SDG 5).
Knowledge or Content
By completing the subject, successful students will enhance their ability to:
LO01: Understand the principles of economic analysis, from a microeconomic and/or macroeconomic perspective, to be able to contribute to the efficient allocation of resources.
LO02: Analyze economic institutions as a result and application of theoretical or formal representations of how the economy works.
LO03: Explain the functions of economic agents and the role of institutions in economic and social activity at different territorial levels (from local institutions to international organizations).
LO04: Identify the main instruments of public intervention and relate policy recommendations to economic, environmental, and social sustainability.
LO05: Identify and analyze the historical, social, and institutional factors that condition economic processes.
LO06: Identify and anticipate relevant economic problems related to resource allocation in general, both in the private and public sectors.
LO07: Understand the relationship between verbal, graphical, mathematical, and econometric analysis in the study of economics.
Skills :
By completing the subject, successful students will enhance their ability to:
LO13: Apply rationality to the analysis and description of any aspect of economic reality.
LO14: Evaluate the consequences of different action alternatives and select the best ones given the objectives.
LO15: Apply mathematical tools to synthesize complex economic problems.
LO16: Apply statistical fundamentals and econometric methodologies to analyze and systematize economic and business information.
LO17: Prepare reports and convey ideas on any economic subject clearly and coherently to both specialized and non-specialized audiences.
By completing the subject, successful students will enhance their ability to:
LO18: Work in teams, being able to argue their proposals and reasonably validate or reject others' arguments.
LO21: Value ethical, social, and environmental commitment in professional practice.
LO22: Continue learning autonomously in the future, deepening acquired knowledge or starting in new areas of knowledge.
Methodology/Activity | Classroom | Outside Classroom |
A-1 Participative lectures | 38 | |
A-2 Applied seminars | 10 | |
A-3 Debates, group discussion, office hours | 6 | |
A-4 Team material production | 10 | |
A-5 Reading complementary material | 30 | |
A-6 Individual study | 45 | |
A-7 Exams and case studies | 6 | |
A-8 Individual office hours | 5 | |
TOTAL | 60 | 90 |
Learning outcome | Assessment activity | Weight (%) | It allows test resit | Minimum required grade |
All | In-class activities | 25 | Yes | No |
All | Assignment | 25 | Yes | No |
All | Final exam | 50 | Yes | No |
1. Introduction to the Economics of Education.
PART 1: PRODUCTION OF EDUCATION AND HUMAN CAPITAL FORMATION.
2. Early Development and Cognitive and Non-Cognitive Skill Formation.
3. The Role of Peers, Class Size and Teachers.
4. Health and Human Capital.
PART 2: COMPULSORY EDUCATION: SCHOOL CHOICE, COMPETITION AND SEGREGATION.
5. School Zones, Housing Markets and Segregation.
6. Student Assignment Mechanisms.
7. Private schooling: Charter Schools, School Vouchers.
PART 3: HIGHER EDUCATION.
8. Higher Education Finance and the Participation Gap.
9. Signaling Theory of Education Investment.
PART 4: GENDER EQUALITY AND EDUCATION.
10. Gender Equality and Education.
Access the bibliography that your professor has requested from the Library.
Lovenheim, M., & Turner, S. (2017). Economics of Education (1st ed.). Worth Publishers.