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The Economy of Education and its Role in National Development

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  • Yousef Mehnatfar

Abstract

We can say indubitable that education is one of the main elements of economic growth and development of each country. Even, some believe that evolution and progress of this part causes progress of the other parts. Economics education is a combination of word “economy†and “education†that study usage of economics in the education system; hereby, it considers a branch of economics. And it considers one of the courses of education science because it attends to recognition of economic issues of education and improvement of efficiency of education system. So, for acquaintance with economics education, it’s necessary to first understand the economics and its related objects; it means that we should have perfect and exact recognition about current expenditure that pay for education of manpower. Moreover, it can be mentioned to the role of education as a collector of force and human capital needed for economic and social development of communities. In this article, it is mentioned to education in Iran as for its high expenditure.

Suggested Citation

  • Yousef Mehnatfar, 2012. "The Economy of Education and its Role in National Development," Journal of Economics and Behavioral Studies, AMH International, vol. 4(5), pages 261-267.
    • Handle: RePEc:rnd:arjebs:v:4:y:2012:i:5:p:261-267
    DOI: 10.22610/jebs.v4i5.326
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