Education and Macroeconomics

Though classic and modern economic thinking have significant difference in theory and concept of human capital, they still have the same methodology. They set out with the same goal, in example, trying to explain the secrets of success (and failure) of a nation: why and how a nation managed to reach economic growth and generates prosperity. The methodological basis, either in classic or modern economic thinking, believes that the concept of human capital is only sensible and has a practical implication if understood in the whole framework. For that reason, it is very interesting to see the significance and meaning of the concept of human capital in the global context.

Gender bias is a huge barrier that prevent girls from gaining knowledge at schools. That is the reason why illiteracy rate of female is increasing. In some countries, especially, in Asia, prior generations usually consider that girls don’t have to access with high education because their main responsibility is being wives. The generations argues that female’s task is housework, so they don’t need to get educational certificates in order to apply for a job. Because of the gender bias, girls have no chance to get knowledge from school and become illiterate

Csintalan, C., & Badulescu, A. (2015). Education and Human Capital as Engines for Economic Growth. A Literature Review. Annals Of The University Of Oradea, Economic Science Series, 24(2), 665-673.

4) What are the key elements of the scientific method and how does this method relate to economic principles and laws?

Rent-seeking is also used. Rent-seeking is increasing prices so people can make a profit. Government uses laws and rules to gain more money from activities. For example, foreign goods are higher priced so that government can make more money off things, but this also limits competition. This limits competition because not everyone is

Economics is made up of two smaller categories microeconomics, and macroeconomics. Microeconomics is more of a smaller scale such as an industry while macroeconomics is on a more national level. It is important to study economics even if you are not a business owner. For example, understanding economics and the market, you could better determine when to buy a house or when to start up a business. In a YouTube video titled “AP Econ Music Video Microeconomics SPHA”, a group of teenagers worked on a music video summarizing major concepts of economics. In that video, there are a lot of key factors such as supply, demand, monopolies, elasticity, and costs that are beneficial to both producers and consumers.

In recent years as shown in the graph above, females have been outperforming males in education this has been causing inequality within education. In almost all subject areas females have a higher rate in having the required standards except for mathematics at key stage 2 in which the gender gap has been closed. The outperforming of females in the education system is caused by many reasons. The labour market for one has significantly changed. “With the decline of heavy industry, the increase in service-sector work, the increasing employment of flexible part-time workers and workers fixed-term contracts have all increased employment opportunities for women.” (Haralambos et al. 2004, p.769) When women notice that they have the opportunity to get employed and it is not as hard as it used to be they exert endless

Education today fuels its country, oftentimes at the expense of those being educated. Topically, Barthes eccentrically looks to toys as a representation of the perpetuation of the problem embedded in the education system. Within his text, Barthes claims that in addition to national economic aspirations, the mass production industry has a large influence over the modern education system. Though Barthes does not explicitly state his underlying theme, it is seen through what the toys represent and what they resemble. In the confines of just two pages Barthes is able to proclaim his accusations of both the corruption of the economics of nations as well as the perversion of the modern production industry.

Throughout the past few decades, the gender inequality discourse have became a dominant feature of international, national and local policy debate on the subject of economic development. This policy concern has emerged as an area of scholarly research which seeks to show that improving gender equity leads to economic growth.

“Low female literacy rates and low gross domestic product results in higher fertility rates and higher maternal mortality rates. By improving literacy and education of women this pattern could be changed.”

As long as I could remember I always wanted to be either a lawyer, a teacher, or a doctor. It was in the sixth grade that I made up my mind to become an obstetrician and it has been my goal ever since. I knew this dream would not be easy to accomplish. So, I began to research about the education and the cost of it, how much money I would make and how this career uses computers and also what types of demands are there for employees.

In the articles Top Ten Issues to Watch in 2015 and The Economics of Education, Dana K. Rickman discusses the issues that are occurring in education throughout Georgia. The author is the Policy and Research Director of The Georgia Partnership for Excellence in Education. Rickman partnered with the program manager, Elisa Olivarez, in researching and writing Top Ten Issues to Watch in 2015. The topics stated in both articles really cover most of the problems that Georgia is being faced with. The Georgia Partnership meets annually with the new legislative session to hear from experts in several fields including funding, education policy, teacher preparedness, and much more. Education reporters and editors from around the state are in attendance of this meeting. A panel of legislators provides understanding on the key education issues they will be handling during the session. The top ten report is officially released at this meeting. From the reading I know that Rickman’s objective is to educate the citizens of the state of Georgia about what’s going on in their state concerning education. From the readings I understand that Rickman is not only identifying issues but also outlining what is being implemented to correct them. I think the author noticeably acknowledged all that is important regarding the present glitches in education as well as informed readers on the changes that have been made.

Australia, USA and Japan have very high literacy rates. These countries are extremely prosperous and the citizens have a high per capita income. In underdeveloped nations, where literacy rate is not as high, a number of people are still living below the poverty line. Education is vital for the economic prosperity of a nation. Globalization requires countries and their economies to compete with each other. Economically successful countries will hold competitive advantages over other economies, though a single country rarely specializes in a particular industry. This means that the country's economy will be made of various industries that will have different advantages and disadvantages in the global marketplace. The education and training of a country's workers is a major factor in determining how well the country's economy will do. The study of the economics of training and education involves an analysis of the economy as a whole, of employers and of workers. Two major concepts that

And from these problems sprout much more causes of underdevelopment such as overpopulation, under education, poverty, and cultural norms such a strong patriarchal view. But many of these problems mainly sprout from cultural norms such as strong patriarchal views because if there was social equality then there would most likely not be overpopulation, undereducated, and poverty. This is because if for example, women were to be educated they would be more educated about sex and contraceptives and know not to have so many children(unicef). It is known that in a developed country most women are not even having children because they are educated and work as well as seen in Singapore. But this is not the case in places like India and many countries in Africa like Ethiopia and Somalia. In these countries, women have so many children because in their countries men are the ones with the say in everything so most women bear children until they have a boy. But by the time these women get there they have had on average five or more children. This is done so that if the first son born dies they have a spare to be the head of the house after the father. But since these women have so many children they cannot do anything else except care for them such as by cooking and cleaning things for them. So because of this, they are not able to seek jobs besides the fact that men do not let them and there is social discrimination against that too. If these women were educated they would know about

Even in this time of struggle, with billions of dollars going towards various war efforts overseas, America still has managed to keep taxpayer investments in education higher than that of funds for national defense (U.S Department of Education). In the 2004-05 school year, there was an estimated amount of 536 billion dollars set aside from taxpayer investment for education purposes. Without a doubt, education is a priority for the American government, and if these funds are used in the correct way, there is no reason why each and every kid in the United States shouldn’t be getting a quality education. However, the organization of the financial system is flawed, funds are not handled proportionately at the state level; rather, this system