EPA 4101 PLANNING AND ECONOMIC OF EDUCATION NOTES

PLANNING
AND ECONOMIC OF EDUCATION

Course Code: LEPA 4101

Course Title: PLANNING AND ECONOMICS OF EDUCATION

Credit Hrs: 3

Pre-requisite: None

Course Purpose

The purpose of the course is to equip learners with concepts of Economics of
Education and

Planning in Education.

Expected Learning Outcomes

At the end of the course, learners should be able to:

i. Explain the meaning of Economics of education and Educational Planning.

ii. Outline the procedures in economics of education and planning.

iii. Analyze the need for Economics of Education in Educational planning.
LEPA 4101




COURSE OUTLINE

PART ONE

WEEK ONE

Definition of terms

, a) Plan
b) Planning
c) Educational planning
d) Rationale for educational planning
e) Features of a good educational plan
WEEK TWO

 HISTORY of educational planning
 General problems of educational planning in developing countries and their
solutions.
 Methodologies/ approaches of educational planning
a) Traditional approach
- Social Demand Approach( SDA) Advantages and Disadvantages
- Manpower Requirements and Focusing Approach (MRFA)
- COST Benefit Analysis (CBA)
WEEK THREE

CONVECTIONAL/ MORDERN APPROACH

 Labour Market Analysis
 Cost Function/Cost Effective Approach
 Basic Need Approach
 Tracer Studies
 Structural Adjustment Programmes
 SWOT and PESTEL
 Strategic Planning
 Their advantages and disadvantages
WEEK FOUR

- CONTRAST BETWEEN TRADITIONAL AND MODERN
APPROACH
- Macro- planning
- Micro- planning
- Trends taken by educational planning after 1945
WEEK FIVE PART TWO ECONOMICS OF EDUCATION

, DEFINITION OF TERMS
 Economics
 Education
 Economics of Education
 Importance of studying economics of Education to policy makers
 Scope of Economics of Education to policy makers
 Scope of Economics of education
WEEK SIX

 Historical Evolution of thought of education as consumption and investment
 Theory of investment in man ( Human Capital Theory)
 Social cost of education
- Direct social cost
- Indirect social cost
 Benefits of education
- Direct benefits
- Indirect benefits
 Social rate of returns
- Direct benefits
- Indirect benefits
WEEK SEVEN CAT TWO

WEEK EIGHT

MEASUREMENT OF BENEFITS OF EDUCATION

 Cost Benefit Analysis
 Longitudinal/Cohort study/ time series Data
 Age earning Profile.
 Merits and demerits of Age earning Profile
FACTORS INFLUENCING DEMAND and SUPPLY

- Contributions of education to Socio-Economic and political Development
- Measurement of development
WEEK NINE

 THE ROLE OF EDUCATION IN DEVELOPMENT

,  Link between education and economic development
 Efficiency and equity in education
 Ways of evaluating efficiency in education
WEEK TEN

INDICATORS OF INTERNAL EFFICIENCY

 FACTORS THAT CONTRIBUTE TO INEFFICIENCY IN EDUCATION
SYSTEM
 Ways of enhancing efficiency in educational institutions
 Measures to promote equity
 gender parity index
WEEK 11 CAT II

WEEK 12

 financing of education
 problems affecting financing in education and their solutions
 areas of management and financing concerns in schools
 the problem of educated unemployed
 structural unemployment
 effects of unemployment and their solutions
WEEK 13 AND 14 REVISION PRESENTATIONS AND EXAMINATION.

Learning and Teaching Methodology:

Lectures, tutorials, e- learning, discussion and problem solving exercises.

Instructional Materials/ Equipment

Chalk/chalkboard, marker pen/whiteboard, powerpoint/LCD,
Internet/computers/laptops, Power

point presentations.

Course Assessment/Student Performance

Continuous Assessment: 30%

Examination: 70%