Economics of Education: Crucial Concerns by Vibhuti Patel (original) (raw)

Economics of Education analyzes both what determines or creates education and what impact education has on individuals and the societies and economies in which they live. Historically a great deal of emphasis has been placed on determining outcomes to educational investment and the creation of human capital. The primary mission of the economics of education group is to identify opportunities for improved efficiency, equity, and quality of education and promote effective education reform processes, to enhance knowledge of what drives education outcomes and results; to better understanding how to strengthen the links of education systems with the labor market; and to build and support a network of education economists for education policy planning and evolve structures and mechanisms for implementation.