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ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

(Department of EPPSL)

Subject: MAILING PACKAGE OF MA EPM-6565 ECONOMICS ANDFINANCING OF EDUCATION-I SPRING 2010 SEMESTER

Dear Students,

Assalam-o-Alaikum,

I take this opportunity to welcome you in EPM-6565 course title Economics and

Financing of Education-I in the current semester. I hope you will find the material for this

course useful, informative and interesting. The course has been developed considering theneeds of society and the nation. It consists of four assignments. Topic for fifth assignment

will be despatched to you along with the workshop invitation letter. Only the students who

have completed all the four assignments and got 40% marks at the minimum will be eligibleto participate in the workshop.

The packet contains the following items:

Course Book (Units 19)

Two Assignments

Assignments Proformas (12)

Please check your packet with the content list. If anything is missing please write to

the Incharge Mailing (MA EPM Section), Services Block, Allama Iqbal Open University,Islamabad.

My cooperation will remain with you throughout the semester.

With best wishes.

Yours sincerely,

(Muhammad Asif Ch.)

Course Coordinator

Ph: 9057715

All Students of MA EPM-6565

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ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

(Department of EPPSL)

WARNING1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING

THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD

OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.

2. SUBMITTING ASSIGNMENTS BORROWED OR STOLEN FROM

OTHER(S) AS ONES OWN WILL BE PENALIZED AS DEFINED IN

AIOU PLAGIARISM POLICY.

Course: Economics and Financing of Education-I (6565)Level: MA EPM Semester: Spring, 2010

NOTE: Before attempting assignments, please read the following instructions:1. Please write in your own words after reading the provided material. Avoid

irrelevant information or reproduction from text.

2.No marks will be given for reproduction from the text or from elsewhere.

3.Please write your assignment in legible handwriting.

4.(Typed assignments are not acceptable).

5.Please give source in case of quoting any material.6.Use A-4 Size Paper for writing the assignment.

7.Please submit the assignment on or before the specified date.

8.Late assignment will not be accepted in any case.

ASSIGNMENT No. 1

Total Marks: 100 Pass Marks: 40Units: (15)

Note: All questions carry equal marks.

Q.1 Briefly describe the economic value of education in detail. Give example for brief

description. (20)

Q.2 Describe the following with detail: (4 x 5) = 20

a) The macroeconomics and microeconomics of education.

b) Elasticity of substitution.

c) Optional subsidy.

d) Discounted cash-flow and rate-of- return analysis.

Q.3 How do the economic factors influence the private costs and benefits of education

on students for non-compulsory education? (20)

Q.4 Critically review the problems and limitations of the social rate of return as a guide

to policy makers. (20)

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Q.5 What is the manpower forecasting? Critically review the manpower requirement

approach to educational planning and its assumptions. (20)

ASSIGNMENT No. 2Total Marks: 100 Pass Marks: 40

Units: (69)

Note: All questions carry equal marks.

Q.1 What is educational output? Differentiate between the problems of the measuring

output in schools and in higher education. (20)

Q.2 Write short notes on the following: (5 x 4) = 20

a) Opportunity cost

b) Private and social costc) Economic efficiency

d) Technical efficiency

Q.3 What is cost-effectiveness analysis? Describe the cost-effectiveness analysis to

educational technology in relation to distance education. (20)

Q.4 Critically review the technique and approaches used for the appraisal of

educational Projects in Pakistan. (20)

Q.5 Write short notes on the following:

a) The cognitive outputs of school.

b) The future strategies for costing project in Pakistan. (10+10=20)

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