14024 Economic Aspects of the Education System

Credits: 4 graduate credits in Educational Administration, Policy and Leadership

Prerequisite: Research Methods in Education

Author: Ruth Klinov. The materials include a textbook and a reader.

Objectives: To provide tools for understanding the relationship between the educational system and the labor market, and to acquaint students with economic processes within the educational system. The course aims to establish a common language to enable smoother communication between educators and policy-makers in education who, among other things, are affected by economic considerations.

Topics: The economics of education: definitions and key concepts; the role of the educational system in the market from a human capital perspective; Economic processes within the educational system: public and private funding of schools, the concept of social justice in funding, the implications of school autonomy for budget allocation, teachers' job market, inputs and outputs, recent economic reforms, Israeli education in an international perspective.