EC207 Lecture 8: Ch 8
Document Summary
8. 1 the central roles of edu and health final exam. Human capital (h): investment in human being on job training. E. g. hong kong does not have n but have k and h. access to technology. Two ways relationship between edu and health. Better life will lead to better life expectancy or fertility (l). Children are normal goods income increase, you"d like to invest edu and health of children. Create more employment opportunities: skilled specific that is needed by the econ. Create entrepreneur, pursue profit, perpetual machine of investing. Land-labour-capital, risk taker, profit is the reward, renovate, new job-old will die, perpetual machine for profit opp and better s. o. l. E. g. india: immunization in school, basic health service in school for school attendance and performance. Positive externalities if somebody educate me: increase my future opp, future prospect of getting a job. Edu will create awareness, don"t want people to know social, political, econ right.
