ECON 461

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Economics of Education

Economics College of Family, Home, and Social Sciences

Course Description

Evaluation of education policy from an economic perspective, focusing on the benefits and costs of policy outcomes. Introduction to quantitative methods used by empirical education researchers.

When Taught

Contact Department

Min

3

Fixed

3

Fixed

3

Fixed

0

Title

Theory

Learning Outcome

Use models to analyze education production, human capital formation, and the role of incentives.

Title

Policy

Learning Outcome

Evaluate education policy options by using economics research findings to analyze costs and benefits and to identify unintended consequences.

Title

Current Issues

Learning Outcome

Evaluate current issues in education, such as teacher labor markets, K-12 policies, higher education, and other nations' policies.

Title

Literature

Learning Outcome

Evaluate the economics of education research literature by studying how seminal papers have shaped the field and by analyzing how current "cutting edge" papers are expanding knowledge frontiers.

Title

Quantitative Research Tools

Learning Outcome

Demonstrate an understanding of the quantitative research tools that empirical education economists use to conduct research, including cross sectional and panel data models, techniques to account for selection bias, and methods to identify causal effects.