Economics of Education in Lower Middle Income Countries

Catalog description

How can economic tools be used to analyze educational programs and development? This course explores the economics of education, with a focus on low- and middle-income countries (LMICs). Key topics include returns to investment in education, education production, costs and financing, teacher labor markets, the role of education in economic development, public and private education markets, school choice, and equity concerns, including income disparities. The course will introduce key analytical approaches, including economic modeling and policy evaluation techniques. Students will engage with case studies from both high- and low-/middle-income countries, along with interactive activities such as group discussions, panel discussions, and debates. By the end of the course, students will have developed foundational skills in economic analysis of education and gained a deeper understanding of key global challenges in the field, particularly in LMICs. The course is open to graduate students as well as advanced undergraduates from across disciplines. While no prior background in economics is required, familiarity with basic economic concepts will be helpful.