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Education economics or the economics of education is the study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. From early works on the relationship between schooling and labor market outcomes for ...
In a bid to improve female education in girls, the UNICEF initiated some projects in Nigeria. one of them is The Girls’ Education Project initiated through a Memorandum of Understanding signed in December 2004 between the United Nations Children's Fund and the United Kingdom Department for International Development. [75]
The economy of Nigeria is a middle-income, mixed economy and emerging market [27] [28] with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. [ 29 ] [ 30 ] It is ranked as the 53rd-largest economy in the world in terms of nominal GDP , the fourth largest in Africa and the 27th-largest in terms ...
The book includes the authors' calculation of average IQ scores for 60 countries, based on their analysis of published reports. It reports their observation that national IQ correlates with gross domestic product per capita at 0.82, and with the rate of economic growth from 1950 to 1990 at 0.64.
Additionally, education is an important tool in the transmission of core values. The core values in education reflect on the economic and political systems that originally fueled education. One of the most important core value that is transmitted through the education system is individualism, the principle of being independent and self-reliant.
Women's education is one of the major explanatory variables behind the rates of social and economic development, [1] and has been shown to have a positive correlation with both. [ 2 ] [ 3 ] According to notable economist Lawrence Summers , "investment in the education of girls may well be the highest-return investment available in the ...
There is generally an inverse correlation between income and the total fertility rate within and between nations. [ 3 ] [ 4 ] The higher the degree of education and GDP per capita of a human population, subpopulation or social stratum , the fewer children are born in any developed country. [ 5 ]
A correlation exists between the academic success of parents with the academic success of their children. Only 11% of children from the bottom fifth earn a college degree, while well over half of the top fifth earn one. [11] Linked with resources, White students tend to have more educated parents than students from minority families. [12]