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11.126J / 14.48J / 11.249J Economics of Education, Spring 2006

A graph of returns to educational attainment.
This graph shows the median income of individuals 25 years and older by educational attainment. Returns on educational investment is one of the topics covered in this course. (Graph courtesy of the Joint Economic Committee of the United States Congress.)

Highlights of this Course

This course features problems sets and solutions in the assignments section, as well as readings and exams.

Course Description

This course combines economic theory, econometric literature and institutional literature to examine current issues in U.S. education. Topics include human capital theory, the problem of disentangling the return to education from the return to innate ability, the role of education in national economic growth, the association between education and individual earnings and reasons why that relationship has changed over time, the main approaches to K-12 school reform, and the problem of increasing access to higher education.

Technical Requirements

Special software is required to use some of the files in this course: .dta.



Prof. Frank Levy

Course Meeting Times

Two sessions / week
1.5 hours / session


Undergraduate / Graduate


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