Selected Economic Theories and Their Relevance to Higher Education Funding Cover Image

Finansowanie szkolnictwa wyższego w świetle wybranych teorii ekonomicznych
Selected Economic Theories and Their Relevance to Higher Education Funding

Author(s): Barbara Grabińska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: human capital; rate of return to tertiary education; effectiveness of higher education institutions; financing of higher education

Summary/Abstract: The objective of the article is to present the main economic theories as they apply to higher education financing: human capital theory, enterprise (organisation) theory and the economics of the public sector. Human capital theory is applied in the study of the impact of monetary and non-monetary determinants on decisions concerning entrance into higher education. The theory of the enterprise leads to a better understanding of efficiency in education provision while the output of the public sector economics is used in determining the level of state intervention in the financing of higher education.

  • Issue Year: 901/2013
  • Issue No: 01
  • Page Range: 43-55
  • Page Count: 13
  • Language: Polish