Education economics

Definition of Education economics

The stream of education of economics explores the economic issues which have close accord to education, deal with the demand for education and finance and arrange the opportunities for education. This is the linkage that connects all sector of education to discipline of economy.

After the October Revolution in 1917, true maturation in economics education appears during the years of soviet power.

Books on Education economics

Book 1 –

Handbook of the Economics of Education By Eric A Hanushek, Stephen J. Machin, Ludger Woessmann (published by Elsevier, 2011)

Book 2 –

Economics of Education By Dominic J. Brewer, Patrick J. McEwan (published by Elsevier, 2010)

How Education Economics works?

Good example for education economics would be, specialization is available for the economist, where students who have taken study of national economic planning arise the possibility that, the students will go for specialization in the planning of prices and prime cost, and further the ones who are into study of economic trade may specialize in the economics of food services.

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