Economic Approaches to Education Policy

Topic: Economic Approaches to Education Policy

Order type: Coursework
Recent headlines in the news read:
"Is College Worth It?"
"Nearly Half of States Link Teacher Evaluations to Tests"

"New Business Models for Higher Education" (The Chronicle of Higher Education, November 28, 2010)

"High-Quality Preschool Program Produces Long-Term Economic Payoff" (National Institutes of Health, February 4, 2011)

These headlines are just a few examples of the increasing influence of economics in education policy issues.

Education economists analyze education variables and the impact on individuals and the societies and economies in which they live. A great deal of emphasis has been placed on determining outcomes to educational investment. Typically, education research with an economics of education perspective focuses on data, quantitative methods, and economic theories to identify opportunities for improved efficiency and quality of education. The research questions and hypotheses are aimed at determining what education inputs do or do not have an effect on desired education outcomes, thereby providing a base of knowledge from which to build informed, effective education policies. In this Discussion identify, examine, and defend education research that incorporates economic principles and econometrics to guide a specific education policy affecting your education context.

To prepare for this Discussion, think about education policy issues that have been in the news in a state recently for the level of education in which you are a leader or intend to be a leader. Identify one of the policy issues that has been particularly controversial, and research the primary arguments being represented in the controversy. Review the purposes and approaches of economics of education presented in the resources for this module.