Group items tagged

Education is both a public good and a private good. A public good is defined by two characteristics: non-excludability and non-rivalry. Public goods are for everyone and there is no competition for the good. Most people believe that a higher education is a pure public good but it is not. Society benefits when people get a higher. education. Statistically people with a college education tend to be more active citizens and their volunteering.with their volunteering and other activities benefiting those around them. Also statistics have shown that more new products and services are available to society because of the contributions of college graduates. These are the positive externalities of education. The negative aspect of education is  that even though the benefits of higher education are shared the costs for higher education are not shared. A higher education benefits society but the cost of a higher education proves a problem for those that want a higher education. Students themselves do reap some benefits: they are likely to be better off- both financially and otherwise-than their compatriots who do not go to college. However, students do not benefit as much as society. Therefore education is both a private and a public good.

This article discusses the upcoming general election in Ghana and one specific policy at stake: the government funding of education. Much debate has occurred over this idea, and one policy, Senior High School (SHS), aims to immediately begin funding of Senior High School education, while another will hold off government funding until the year 2032. The writer of this article expresses his belief that public education is a public good and therefore the government has the responsibility to provide it free of charge. The sooner public education is provided to children, the sooner the society will develop and become more equal as a result.

This article, written in Ghana, talks about the necessity of education, and how it should be considered a public good and should be provided for free by the government. The author of the article talks about how education changed her life and how it can save impoverished students. However, many of these students do not have access to education, because it is not a free public good.

Obama has mentioned that he will set a price control on the college education. With the increased price of universities and colleges, students are finding it increasingly more difficult to attend college. Therefore Obama has set out to confront this problem. He proposed to make permanent the American Opportunity tax credit. Colleges have to either lower their tuition rate or accept the fact that with higher tuition rates they will have lower funding from the governments.

This article tell us some information about public and private goods, explains the difference between them. It also shows how it's possible to turn public good into private good, and tells the consequence of that process.(using education,schools as an example)

This article is about how to fix the growing poverty gap. It emphasizes in particular how demand causes poverty. There is little demand for people with minimal education in the job world, but a high demand for people with education. This contributes to the poverty cycle, as people with no education are unable to better themselves.

This interesting article from the economist, explains the crisis behind the fact that America is not investing enough in public education. This is a problem due to the fact that the future of the working force depends on the educational system.

This article says that career-oriented colleges that help students find jobs in nearby industries are much more useful than top-name universities.

The School Bus strikes are turning into disrespectfuk and irresponsible incident by New York bus Drivers. The tensions are rapidly increasing and causing a great problem for parents and students. The city provided parents and students MetroCards and paid to taxis and car services for access to public transportation.

This article is an article raising awareness of negative externalities, however, it does have one example going on in Singapore that exemplifies negative externalities. They plan tear down a woodland to build an international school. The negative externality is due to tearing down trees. The example the writer gives is that the residents around the woodland will have to pay more money for A.C because of the rising temperatures due to less trees around them. 

Senator Kevin DeLeon plans to spend a large portion of the money for schools. This is an improvement in public education, which is a public good provided by the government.

This article discusses the relationship between the cost of living and quality of life. Mainly, whether a high cost of living offsets the happiness that results from a higher standard of living. The United Arab Emirates was recently ranked among the top 30 happiest countries in the world. It may be a very expensive country to live in however compared to others in the region like Oman, yet the country provides excellent educational opportunities and healthcare. It is important when considering the standard of living to also think about the cost of living in an area, because while one country may provide its residents with a happier lifestyle it may come with a much larger price.

A combination of lower imports and increased exports have led to an improvement in the balance of payments of the country of Lebanon. The country has in past years imported several times more the amount that it exports, which had led to a great deficit of trade. Due to a slowing economy, imports have decreased enough to begin to improve the deficit. In addition, an emphasis placed on the service export sector (health care, education, etc.) has contributed to the improvement.

this article talks about the balance of payment in china, and also explains how that for the first time in a very long time (1999) the country is experiencing more money leaving the country than enters it.

The article is talking about China which starts as for the first time since 1998 more money leaves China than enters it mainland China can now boast over 1m wealthy citizens (qianwan fuweng) each with over 10m yuan ($1.6m), says the latest edition of the "Hurun Report", which keeps track of China's capitalist high-roaders. But the mainland seems to be having trouble keeping them. According to the report, published on July 31st, more than 16% of China's rich have already emigrated, or handed in immigration papers for another country, while 44% intend to do so soon. Over 85% are planning to send their children abroad for their education, and one-third own assets overseas.