ECONOMIC PRINCIPLES FOR EDUCATION BELFIELD C. Księgarnia

'...thanks to Belfields pioneering work, the most recent theoretical and international empirical work in the economics of education has been gathered into a comprehensive and thoughtful book that will serve students and researchers in this subdiscipline for years to come. Rather than simply present the material as a collection of empirical evidence, the author successfully integrates the supporting superstructure of economic theory into the discussion. Throughout, the analysis is both thoughtful and comprehensive, and the writing is highly polished, making this a real "must-have" for any serious researcher in the economics of education. Highly recommended for undergraduate, graduate, and research collections.' F. Galloway, Choice Erudite and comprehensive,

Belfields book is set to become the text and reference book of choice in the economics of education. The impressive amount of recent theoretical and international empirical work reported here illustrates vividly just how far the sub-discipline has come in the last decade. Belfield has shown, very persuasively, just how and why economic theory and argument can be marshalled to meet the aims of educational policy.' Geraint Johnes, Lancaster University Management School, UK

Education has become an increasingly important activity within all economies; from pre school years groups through to continuing education and retraining, the accumulation of skills spans a lifetime. Economic Principles for Education looks at all the major areas of economics, applying them to education. Human capital theory is discussed and evidence on rates of return and the benefits of training is presented. The demand for education is described, with an assessment of how pervasive wealth effects are in education systems. The author discusses the efficiency of education providers, including teacher supply, and identifies the optimal rules for teacher deployment. Education markets, the role of governments and the macroeconomics of education are all considered along with the key social benefits of education.

Table of Contents

Preface 1. The Application of Economics to Education 2. Human Capital and Education 3. The Theory of Enrolment Choice 4. The Theory of the Enterprise 5. Evidence on Education Enterprises 6. Factor Inputs 7. The Theory of the Market 8. The Role of Government in Education 9. Aggregate Effects of Education 10. Education Policy Using Economics References Index

252 pages

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