Define the following terms as used in economics of education:
i) Investment
ii) Demand for education
iii) Consumption
b) Briefly explain six major ways of financing secondary education in Kenya.
c) Suggest any four measures that may be taken to reduce educated unemployment in Kenya.
d) Explain four roles of educational planning.
e) Mention five factors that influence the supply of education.
f) List four methods of evaluating efficiency in education.
g) List three social costs of education.
Answer (2)
The question covers various aspects of the economics of education, including key definitions, financing methods in Kenya, measures to combat educated unemployment, and the roles of educational planning. It also addresses factors influencing educational supply and methods for evaluating educational efficiency, with a mention of the social costs associated with education.
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This response provides definitions related to the economics of education, discusses ways to finance secondary education in Kenya, suggests measures to reduce educated unemployment, explains roles of educational planning, identifies factors influencing education supply, and outlines methods to evaluate educational efficiency along with social costs of education. ;
