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What are educational outcomes effect on economic development? Is education necessary to promote economic development? Identify problems in education: Childhood Poverty, Health, Inequality.

What are educational outcomes effect on economic development?

Research Project area: Education and Economic Research Objective: Below is what I think about the paper can write, you can think about new questions to write about, anything thing just related to Microeconomics and Education To evaluate the Education effects on Economic Development? What are educational outcomes effect on economic development? Is education necessary to promote economic development? Further, identify problems in education: Childhood Poverty, Health, Inequality. What are some possible solutions to those problems? The general focus of papers is to be the application of upper year level microeconomic theory to analyze and critically assess an Economics problem, policy, or law. Your paper must include at least one mathematical microeconomic theory model which can be used to analyze your paper topic; descriptive, econometric, empirical, and macroeconomic papers are not acceptable.

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How does a nation’s education system relate to its economic performance? Why do most workers with college degrees earn so much more than those without degrees? Understanding how education and training interact with the economy can help explain why some workers, businesses, and economies flourish, while others falter.

As the labor supply increases, downward pressure is placed on the wage rate. If employers’ demand for labor doesn’t keep up with the labor supply, wages usually fall. An excess supply of workers is particularly harmful to employees working in industries with low barriers to entry for new employees—that is, those with jobs that don’t require a degree or any specialized training.

Conversely, industries with higher education and training requirements tend to pay workers higher wages. The increased pay is due to a smaller labor supply capable of operating in those industries, and the required education and training carries significant costs.

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