ABSTRACT

The analysis in previous chapters has been concerned with the educational system (or part of it) in relation to the economy and society generally. What is also important from the economic point of view is the internal efficiency of education at any level. The various resources used in education (teachers, buildings, books, audiovisual aids, etc.) can be combined in different ways and with different numbers of pupils or students in order to achieve various educational ends. The relative efficiency of these various alternative combinations of resources is of interest both to the educationist and the economist, and this chapter considers some of the principal economic issues involved.