Advantages of rate of return approach in educational planning

Merits or Advantages of Rate of Return Method: Following merits may be taken into consideration: (1) Rate of return method is very simple and easy to 

Ideally, a rate of return to investment in education should be based on a representative sample of the country's population. But in reality this is the exception rather than the rule. This is problematic when the estimated rates of return are based on a survey of firms - rather than households - because firm-based samples are highly selective. THE RATE OF RETURN TO INVESTMENT IN EDUCATION: A CASE STUDY OF POLYTECHNIC DIPLOMA GRADUATES by 4.3 The Benefits of Education 84 4.4 Calculation of the Rates and the Sources of Data 85 A CASE STUDY OF POLYTECHNIC DIPLOMA GRADUATES . Advantages of Accounting Rate of Return Method (ARR Method) and its disadvantages or limitations in evaluating capital capital expenditure are explained in this article. A cost-benefit approach to educational planning in developing countries Abstract. This paper attempts to show how cost-benefit analysis can be applied to educational projects in low-income countries. It is specifically addressed to the operational problems of certain international agencies, such as the International Bank for Reconstruction concepts, and approaches of educational planning. Special attention will be given to the currently prevailing ‘strategic planning’ approach and its main stages or components. These different planning stages or components will be dealt with in some detail in subsequent modules of the ESP programme.

Educational planning implies taking of decisions for future Institutional planning is a part of educational planning. should play active role in making the best use of these resources for the benefits of (5) Rate of Return approach or model.

1.1 – Another project on private returns of education? The educational system, the level of wages, and unemployment benefits, the unemployment rate are exogenously set. 1.2 – Extending the Becker/ Mincer approach It has large participation rates in vocational and technical programmes (both in secondary and  Early planning is the hallmark of successful educational planning. strategies to pay for college funding an early start affords the benefit of compounding returns. Today's college savings plans offer many alternatives that provide benefits for However, with the cost of higher education steadily on the rise, you may have  24 Feb 2020 The Educational Planning, Economics and International Development MA will understanding and skills to work in educational planning, policy, of the strengths and weaknesses of various approaches to educational go to our estimated cost of essential expenditure at Accommodation and living costs. A Review and Appraisal of the Demand-for-Places, Manpower-Requirements, and Rate-of-Return Approaches to Educational Planning. Webster, Maureen M. This report seeks to clarify the advantages and disadvantages of three approaches to educational planning, and suggests that an eclectic approach is necessary to deal successfully with the problems

4.Manpower or Human Resource Development Approach or Model : 4.Manpower or Human Resource Development Approach or Model Planning should consider of human resource in all fields required for country. Education planning should be skill based, expected man power.

A cost-benefit approach to educational planning in developing countries. Occupation;Internal rate of return;manpower need;social and economic development;Federal Ministry of Education;manpower forecast;Learning and Innovation Credit;types 4.2 Approaches to Educational Planning Prof.S.G.Isave, Tilak College of Education, Pune-30 Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Cost-benefit analysis in educational planning. present value. This is illustrated in Table 2, which shows how quickly $1 will grow if invested at 10 per cent compound interest, and also the present value of $1 expected in the future, if the discount rate is 10 per cent. Advantages of Accounting Rate of Return Method. This approach has the following advantages of its own : (1) Like payback method it is also simple and easy to understand. (2) It takes into consideration the total earnings from the project during its entire economic life. (3) This approach gives due weight to the profitability of the project.

of educational planning. To add insult to injury, however, the advocates of man-power forecasting scoff at the assumptions underlying rate-of-return calculations, while the proponents of rate-of-return analysis are equally scornful of the idea that man-power requirements can be predicted accurately.

A cost-benefit approach to educational planning in developing countries. Occupation;Internal rate of return;manpower need;social and economic development;Federal Ministry of Education;manpower forecast;Learning and Innovation Credit;types 4.2 Approaches to Educational Planning Prof.S.G.Isave, Tilak College of Education, Pune-30 Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Cost-benefit analysis in educational planning. present value. This is illustrated in Table 2, which shows how quickly $1 will grow if invested at 10 per cent compound interest, and also the present value of $1 expected in the future, if the discount rate is 10 per cent. Advantages of Accounting Rate of Return Method. This approach has the following advantages of its own : (1) Like payback method it is also simple and easy to understand. (2) It takes into consideration the total earnings from the project during its entire economic life. (3) This approach gives due weight to the profitability of the project. of educational planning. To add insult to injury, however, the advocates of man-power forecasting scoff at the assumptions underlying rate-of-return calculations, while the proponents of rate-of-return analysis are equally scornful of the idea that man-power requirements can be predicted accurately. The economic value of investment in education has typically been measured by its rate of return, frequently estimated by the internal rate of return or the earning function approach. Given the importance of the rate of return estimates for individuals and countries, especially developing countries, in making decision on educational investment, we need to know how these methods compare as

The stream of annual costs (C) and benefits (W) for the two educational levels, university (u) (a) The internal rate of return (r) of the investment is found by solving the more modest and pragmatic approach be warranted, such as giving priority and focusing “Outline of a plan for African educational development”.

Analyze approaches to educational planning Advantages of the Social Demand Approach. 1. The cost benefit analysis should be analyzed in rates of return. This chapter discusses the synthetic educational planning models. the costs and benefits of satisfying alternative manpower development strategies. this is the assumption par excellence of the rate of return approach: the aggregation  merits of the manpower requirements forecasting and rate of return approaches. volume suggest a broader approach to the analysis of the relationship between The development of alternative planning methodologies for educational projects even the direct economic benefits of education, the lack of quantitative. It is a summary of the costs and benefits of the investment incurred at different The social rate of return includes the society's spending on education – for completed schooling, have questioned the linear nature of the earnings function approach. Analysis of Concepts and Methods” Journal of Educational Planning and  Economic returns to education: What We Know, What We Don't Know, and Where In: Journal of Educational Planning and Administration 12(2) , 123–130. The Returns to Schooling: A Selectivity Bias Approach with a Continuous Choice  Merits or Advantages of Rate of Return Method: Following merits may be taken into consideration: (1) Rate of return method is very simple and easy to 

The "manpower forecasting5 approach to educational planning 5 6. or benefits of the investment with the costs, in order to measure the rate of return or yield of  Rate of Returns Approach. I think social demand approach is more suitable for educational planning ADVANTAGES OF MAN-POWER APPROACH 1. education and in planning educational systems, the benefits of education Recognizing, then, that an economic approach to educational planning is to be desired and not avoided, demand approach, and the social cost-benefit approach. rate -of return is not an appropriate:fterm in educational plan ning, for social rate of return analysis must include all external effects and psychic benefits as well