Sem5

This 4-credit course explores the intersection of education, finance, and economic development over 64 instructional hours. Students analyze education as an industry, evaluating how economic systems finance learning and absorb educated manpower. The curriculum breaks down direct, indirect, and opportunity costs, introducing unit cost estimation across different educational tiers. Key topics include human resource development, manpower planning, and the policy implications of teacher supply and demand. By examining frameworks like Cost-Benefit Analysis alongside alternative methods—such as the residual and manpower forecasting approaches—students learn to quantify education’s direct contribution to overall economic growth and labor markets.