Education Economics and Policy (ECON 321)

2021 Spring
Faculty of Arts and Social Sciences
Abdurrahman Bekir Aydemir,
Click here to view.
Formal lecture,Interactive lecture
Interactive,Communicative,Discussion based learning,Case Study
Click here to view.


The role and value of education in the economy; human capital accumulation and economic growth; private and public financing of education; private and social returns to education; schooling quality and educational production; access to education; signaling; non-pecuniary benefits of education; income distribution, equality and social cohesion; performance management and indicators in the education sector, public intervention tools (vouchers, conditional cash transfers, loans).


The objective of this course is to provide an introduction to economic analysis of the investment in and provision of education, as well as evaluation of education policies. Theoretical models of an individual's decision to attain any level of education and a society's consideration to finance education will be discussed and linked to empirical evidence.


  • On completion of the course, students should be able to a) understand to what extent human capital formation and thus education improves welfare of a society.
  • b) discover existing and potential problems for individuals to acquire a better education and gain an appreciation of the problems faced by policy makers
  • c) understand the methods of applied and theoretical economics in the context of the provision and demand for education and training.
  • d) apply theoretical and quantitative methods to the analysis of current and historical educational policies


1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 5

2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 4

3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 4

4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 5

5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 4

1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 4

2. Assess how global, national and regional developments affect society. 5

3. Know how to access and evaluate data from various sources of information. 5

1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 4

2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 4

3. Recognize how incentives shape the behavior of individuals and organizations. 4

4. Identify "economic" problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5

5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 5


  Percentage (%)
Final 30
Term-Paper 30
Written Report 20
Presentation 20