Economics 2124A/B Lecture Notes - Lecture 8: Millennium Development Goals, Literacy Test, World Education Forum
15 Dec 2016
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Chapter 8: human capital education and health in economic development. This chapter is chapter 8 in the full edition of the text so the graphs are tables are numbered accordingly. Omit the child labour multiple equilibria model (middle of page 298-299 course pack) There are quite a few empirical studies mentioned in the text. If they are not mentioned in the notes, you are not responsible for them. Improving health and education: why increasing incomes is not sufficient. Increases in income often do not lead to substantial increases in investment in children"s education and health: example: more money, but not buying healthier foods for yourself and children. Why: dollars spend do not necessarily equal more nutrition or calories. But better educated mothers tend to have healthier children at any income level. Significant market failures in education and health require policy action higher incomes lead to higher tax revenues which allow more government programs.
