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Economics Of Education (Educ 411) Question Paper

Economics Of Education (Educ 411)

Course:Education

Institution: Kenya Methodist University question papers

Exam Year:2012

TIME : 2 HOURS

INSTRUCTIONS:
Answer three questions
Question One
Discuss the main issues of economics of education
(10 marks)
Define the following terms as used in economic.
Demand
Consumption
Investment
Scarcity
Opportunity cost
(10 marks)

Question Two
Economics of education is a recent discipline whose date of birth is 1970’s. Explain the factors that contributed to the importance of this discipline in the world. (20 marks)

Question Three
Discuss the economic indicators of a developing country like Kenya.

(10 marks)
Discuss how the education system of Kenya can help this country to develop (achieve vision 2030)
(10 marks)

Question Four
Describe the main methods of financing education in Kenya.
(10 marks)
Discuss how education systen has contributed to inequality of opportunity in Kenya.
(10 marks)

Question Five
Suggest how education can be used to reduce inequality of opportunity.
(10 marks)
Describe how benefits of education can be measured in Kenya.
(10 marks)

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