Eкoнoмикa oбрaзoвaњa – сtaрa и нoвa пиtaњa
Economics of Education – Old and New Issues

Summary/Abstract: This paper is a survey of contemporary education economics. Special focus is put on the evolution of theoretical concepts, questions opened, given answers and analytical methods. The paper contains introductory remarks and two thematic units. In the first, two economic models of education are presented: human capital model and sorting (signalling and screening) model. By reviewing their common elements, an attempt was made to generalize the models. In the second part, education production process is considered with special reference to education production functions. However, production functions approach in education open up many problems. Hereof, an alternative approach to look into relationship between education resources and performance is presented – by measuring efficiency in educational context.

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