

Economic Analysis of Education
The basic idea of human capital theory refers to the fact that education is an investment process with returns. Therefore, spending money and time on education will be accompanied by a return on material income in the future. The effects of education are not limited to the higher income of the graduate, but include a wide range that justifies government intervention in the education market. Identifying the nature of education and analyzing issues related to knowledge accumulation through education, external effects, and the optimal level of education are among the main topics of discussion in this book.