Assignment 1
Problem 1: Prepare a brief paragraph on the impact of Sputnik and "A Nation at Risk' on public education ( treat separately ).
Problem 2: Expound on the statement that education is an investment in "Human Capital"
Problem 3: What vehicle is used to transfer private sector profits to the public sector?
Problem 4: Provide a brief definition of the following:
- Equity
- Equality
- Cost-benefit
- Cost-quality
Problem 5: Define and explain the impact of "Marginal Dollar Principal" and "Point of Diminishing Returns" on the financing of public education.
Problem 6: In what way is the U.S. a world leader in public education? In what way are we not?
Problem 7: What are the elements of an economic good? In what way is education unique?
Problem 8: What are a few of the non-economic benefits of public education?
Assignment 2
Problem 1: School expenditures are constantly increasing. What past and current factors have driven costs up?
Problem 2: What economic impact does the lack of education pose on the individual and society as a whole?
Assignment 3
Problem 1: Provide a brief overview regarding equity in the financing of public education as it relates to:
The varying needs of students
At the school level (school comparison)
For taxpayers