Cost-benefit analysis in educational planning / Maureen Woodhall
Series: Fundamentals of educational planningPublication details: [Paris] Unesco, International Institute for Educational Planning [2004]Edition: Fourth editionDescription: 129 p. ; 21 cmISBN:- 928031296
- 9789280312591
- 379.11 22 WOO
Item type | Current library | Call number | Copy number | Status | Date due | Barcode |
---|---|---|---|---|---|---|
Book Closed Access | Engineering Library | 379.11 WOO 1 (Browse shelf(Opens below)) | 1 | Available | 0025713 |
CONTENTS
Introduction to the fourth edition
The purpose of cost-benefit analysis
Investment in human capital
Cost-benefit versus cost-effectiveness analysis
Measurement of costs
the concept of opportunity cost
social and private costs
progress in analysing opportunity costs
Measurement of benefits
earnings as a measure of direct benefits
other measures of direct benefits
Indirect benefits and externalities
Measurement of a discounted cash flow
Rate of return on investment in education
Objections to cost-benefit analysis of education
early critics: the 1960s
Interrelationship between ability and education
education as a filter or screening device
relationship between earnings and productivity
spill over benefits of education
effect of unemployment on rates of return
relationship between the past, the present and the future
the meaning of the private rate of return
more recent critics: the 1980S AND 1990s
responses to the critics
Calculation of rates of return
Alternative methods of calculating rates of return
Interpretation of rates of return: making comparisons
Examples of cost-benefit analysis of education
Using cost-benefit analysis to guide policy
Conclusions: the practical usefulness of cost- benefit
Includes references
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