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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Economics of Education (ECNM10113)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 10 (Year 3 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThis course introduces students to the key concepts and major issues of economics of education, placing emphasis on current empirical research in the field.
Course description The course has an applied focus, but it covers both theoretical frameworks and empirical findings. The course is primarily taught through lectures, focusing on academic research papers. Learning-by-doing, through problem sets and presentations is an important ingredient of the course. Students are expected to read, understand and discuss current research in economics of education, as well as conduct empirical analysis using STATA.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Essentials of Econometrics (ECNM10052)
Prohibited Combinations Other requirements None
Information for Visiting Students
High Demand Course? Yes
Course Delivery Information
Academic year 2023/24, Available to all students (SV1) Quota:  None
Course Start Semester 2
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 6, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 170 )
Assessment (Further Info) Written Exam 70 %, Coursework 30 %, Practical Exam 0 %
Additional Information (Assessment) Mid-term Evaluation - 25%
Class Participation - 5%
Degree Exam - 70%
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S2 (April/May)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. Demonstrate a comprehensive understanding of key concepts, issues, theories, and models related to economics of education, along with empirical evidence of those theories and models.
  2. Demonstrate an understanding of the application of economics to the analysis of education policy, such as the social and private return rates of education, the effect on the quality of education of an increase in the student/teacher ratio, the properties of different school choice systems, etc.
  3. Discuss rigorous economic arguments for or against different types of public sector intervention and examine the best empirical evidence on these arguments.
  4. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
  5. Understand, estimate, and interpret functions of costs and demand in order to know their determinants and show their utility for the formulation of education policies.
Reading List
The study material for this course consists of the material covered in lectures (slides and exposition, your notes on these and related supplementary material provided to you during the course) and the book chapters and the academic papers on which these lectures are based. Students are expected to have read the material before coming to class.

The main textbook:

Lovenheim, Michael, and Sarah Turner (2018). "Economics of education." Worth Publishers.

In addition, students may need to consult the following textbook for the most technical aspects of academic papers:

Angrist, J. D., and Pischke, J.-S. (2015), Mastering Metrics: The Path from Cause to Effect.
Additional Information
Graduate Attributes and Skills Not entered
Course organiserMs Soledad Giardili
Course secretaryMr Sean Barr
Tel: (0131 6)50 6661
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