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Unit information: Economics of Education in 2021/22

Unit name Economics of Education
Unit code EFIMM0042
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Professor. Burgess
Open unit status Not open

ECONM1010 Microeconomics;

ECONM1022 Econometrics

EFIM20010 Applied Quantitative Research Methods OR

EFIM20011 Econometrics 1



School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

This unit aims to help students apply their knowledge of economics and econometrics to the study of education, typically schools and universities. Topics will include general analysis of human capital formation, the role of family, school resources, teachers and pupils in raising attainment, the appropriate governance, regulation and market structure for schools, and specific issues with higher education. The course will use theoretical models of investment, incentive structure, and markets to gain insights for studying behaviour, but the course will focus more on empirical evidence, and in particular on causal studies. The unit aims to build in students an appreciation of the issues involved in education reform, the possibilities and the limitations.

Intended Learning Outcomes

This unit provides a thorough and in-depth treatment of the application of microeconomic analysis to schools and universities. The idea is that at the end of the course, students will;

  1. Identify, explain, and review the insights and evidence in economics to infer them to the study of education;
  2. Recognize and explain the issues involved in designing an education system and in education reform;
  3. Synthesize, explain and critique economics research in education through a project that requires both technical and narrative skills.
  4. Apply the tools to begin a basic research project in the economics of education

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

Coursework (100%) - Assesses all ILOs


If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0042).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.