ECON 201 Lecture 18: Special Topic Notes 11.28.2017
Document Summary
11. 28. 2017: public elementary & secondary schools in u. s. Student go to school in their district where they live: cross country comparison (pg. Economics & the structure of the us educational system: public schools (primary and secondary, schools: have monopoly power- no competition. Decrease efficiency: consumers: have limited choices- not directly paying, private schools: consumers pay twice, taxes & tuitions. Example: restaurants- (cid:449)hat if they (cid:449)e(cid:396)e(cid:374)(cid:859)t co(cid:373)petiti(cid:448)e: eat for free in restaurants in your district (paid- tax $, competitive markets: Schools will operate more efficiently leads to: more efficient education. Three alternatives: increase competition: school vouchers, description: Government collects taxes & gi(cid:448)es each stude(cid:374)t a ce(cid:396)tificate (cid:858)(cid:448)ouche(cid:396)(cid:859) (cid:449)hich e(cid:395)uals cost education/student: students choose favorite school & pay with voucher. Currently: set into 16 states with 26 schools: some advantages, schools: increase competition, parents: freedom to make choices, increases diversity, structured vs non-structured, religious vs secular, college prep vs technical & vocational training.
