Economics of education

This is a branch of economics which deals with economic concerns of education policy. It starts with the basic demand for education and financing of education but it is not limited to that framework. A lot of work has been done including Becker's Human Capital theory, Screening Hypothesis, Job market signalling , capability approach, social choice approach etc. Some economists have also worked on below mentioned topics:

  • Education and economic growth(Endogenous growth theory)
  • Education as a public good
  • Financing of public education
  • Returns to education
  • Economic assessment of training schemes
  • Measuring productivity and Input out analysis
  • Market failure in education

In my opinion, a lot of work is still needs to done in this field. some of the topics of future research could be "Economics of technology enabled education", "Finance of PPP in education" etc.

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