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Descriptors:
Economic Impact; Neighborhoods; Urban Renewal; Educational Improvement; Improvement Programs; School Turnaround; Real Estate; School Location; Community Benefits; Data Analysis; Value Judgment; Cost Indexes; Community Development

Abstract:
This study investigates the economic impact of a "turnaround" school on real property values in its surrounding community as related to the argument introduced by Tiebout in 1956 correlating local public goods, in this case school success, to housing-location decision making. Using single-family home sales found on the Multiple Listing System and data from the Realist Tax Record, we found property values in the school's catchment area were higher than in nearby neighborhoods feeding other public schools; houses were selling closer to their initial asking price and were on the market for shorter times than in comparable neighborhoods. (Contains 2 tables, 2 figures, and 4 notes.) Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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Indigenous Populations; Cost Effectiveness; Foreign Countries; Educational Benefits; School Involvement; Economic Impact; Community Benefits; Geographic Location; Student Participation; Attendance; Education Work Relationship; Youth Opportunities; Youth Programs; Outcomes of Education; Educational Indicators; Educational Assessment; Predictor Variables; Predictive Measurement; Predictive Validity; Educational Attitudes

Abstract:
In this paper, the 2001 Australian Census is used to estimate predicted net benefits of education at a small geographic level. These are then linked to youth in the areas to test the associations with high school participation. This is done separately for Indigenous youth, a population sub-group with historically low levels of education participation. The results confirm that, in general, localised predicted benefits of education do have a significant association with participation. For the Indigenous population, however, there is no significant association between the predicted income benefits of education and participation and only a weak association with the employment benefits. (Contains 5 tables and 4 notes.) Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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Mental Health; Health Services; Social Exchange Theory; Mental Health Programs; Counseling Services; Social Work; Consumer Economics; Economic Impact; Purchasing; Ethics; Risk

Abstract:
The present paper discusses literature concerning the practice of bartering for counseling, psychological, or social work services in lieu of traditional monetary payment. The author contrasts the language concerning the practice of bartering found in the respective ethical codes for each profession, and presents literature describing both risks and potential benefits of bartering arrangements. The primary risks of bartering include liability concerns and the potential for harmful or exploitive dual relationships. The primary benefits are that bartering makes mental health services available to those who cannot afford traditional fees, and allows for a culturally relevant compensation method for those whose cultural backgrounds emphasize the practice of bartering. Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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Art Education; Cartoons; Educational Change; Political Issues; Debt (Financial); Political Attitudes; Political Influences; Economic Change; Economic Impact; Intervention; Art Expression; Visual Arts; Grade 5; Relevance (Education); Student Projects; Social Attitudes; Foreign Countries

Abstract:
This article reports on an event-driven case study which took the form of a curriculum intervention in order to examine how a class of fifth-graders understood, interpreted and commented visually on the Greek debt crisis. Considering art education as a safe place where students can critically investigate through relevant visual culture genres socio-political issues that affect their own lives, the author developed and implemented a political cartooning project. The students were engaged in making political cartoons about the Greek debt crisis and interrelated socio-political issues and events. A finding of the study was that the students located, identified and labelled the multiple facets of the Greek crisis in a way that was meaningful to them. They employed visual and/or linguistic metaphors as a humorous mechanism to create meaning and emphasised the enormous strains placed on Greek society. The article concludes that the inclusion of the Greek debt crisis in the art curriculum served as a tool for social awareness for the students and connected schooling with society. (Contains 7 figures.) Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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Descriptors:
Economics Education; High School Seniors; Grade 12; Student Evaluation; Basic Business Education; Money Management; Free Enterprise System; National Norms; International Trade; Economic Factors; Economic Impact; Scores; National Competency Tests; Test Results; Private Schools; Public Schools; Economics; Achievement Gap; Achievement Gains; Ethnic Groups; African American Students; Hispanic American Students; Pacific Americans; Alaska Natives; Asian American Students; American Indians; White Students

Abstract:
Economic literacy is vital for functioning effectively in today's society. Consumers need to manage their finances, investors need to plan for their future, and voters need to choose among competing economic plans. As students move on to college or enter the workforce, their understanding of the economy will help them become financially responsible citizens. The National Assessment of Educational Progress (NAEP) monitors students' attainment of these skills and knowledge with its twelfth-grade economics assessment. First administered in 2006, the NAEP economics assessment measures twelfth-graders' understanding of a wide range of topics in three main content areas: market economy, national economy, and international economy. This report provides results of the economics assessment in 2012 based on a nationally representative sample of nearly 11,000 twelfth-graders. Results from 2012 are compared with those from 2006 to investigate whether the nation's high school seniors are becoming increasingly literate in economics. Percentage of students and average scores in NAEP economics at grade 12, by selected characteristics: 2006 and 2012 are appended. Technical notes are included. (Contains 17 figures and 4 tables.) Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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 ERIC Full Text (3782K)

Descriptors:
Educational Finance; Educational Opportunities; School Districts; Privatization; School Support; Student Transportation; Food Service; Cost Effectiveness; Operations Research; Strategic Planning; Statistical Distributions; Statistical Surveys; Contracts; Outsourcing; Sanitation; Shared Resources and Services; Program Effectiveness; School Administration; Ancillary School Services; Financial Problems; Economic Impact

Abstract:
Michigan's School Aid fund increased once more this year, but many school administrators in the state continue to hunt for effective measures to reduce spending due to increased pension costs and phased-out stimulus money. Many options available for trimming costs, such as enacting pay-to-play for sports, are extremely unpopular for districts and may reduce the quality of education available to students. However, privatization of support services such as food, custodial and transportation services is a promising opportunity for many districts to save money without reducing educational opportunity. Over 60 percent of Michigan school districts have now contracted out at least one of these three services and have saved Michigan taxpayers millions in the process. 335 of the state's 549 public school districts, or 61 percent, have now privatized one or more major support services. Sixty-six districts began a support-service contract within the past year. This growth continues a decade-long trend of increased contracting by Michigan schools, which the Mackinac Center has studied since 2001. Each of the three major support services saw a growth in privatization over the past year. The 2012 Survey Results include: (1) 61 percent of districts (335 out of 549) contract out for at least one of their food, custodial or transportation services; (2) 126 districts contract out for at least two major support services; (3) Districts contracted out 85 total services; and (4) 11 districts brought a service back in-house. Appended are: (1) Revisions to Previous Publications; and (2) Map of Survey Findings by School District. (Contains 9 graphs.) [For the 2011 edition of this report, see ED541514.] Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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Descriptors:
Mathematics Skills; Education Work Relationship; Global Approach; Mathematics Achievement; Educational Needs; Economic Impact; Graduation Requirements

Abstract:
No student who hopes to compete in today's rapidly evolving global economy and job market can afford to graduate from high school with weak mathematical skills, which include the ability to use logic, reason, and solve problems. The benefits associated with improving the math performance of American students also extend to the larger U.S. economy. Highlights of this paper include: (1) American students lag far behind other industrialized nations in math skills; and (2) Requiring more students to take advanced math would boost America's economic competitiveness and wealth. (Contains 10 endnotes.) Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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 ERIC Full Text (366K)

Descriptors:
Mathematics Skills; Educational Needs; Mathematics Achievement; Mathematical Aptitude; College Readiness; Economic Impact; Advanced Courses; Educational Benefits

Abstract:
This fact sheet explains that to thrive in today's world, all students will need to graduate with very strong math skills. That can only mean one thing: advanced math courses are now essential math courses. Highlights of this paper include: (1) Advanced math equals college success; (2) Advanced math equals career opportunity; and (3) Advanced math equals a stronger economy. (Contains 13 endnotes.)

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 ERIC Full Text (360K)

Descriptors:
Economic Impact; Labor Force Development; Universities; Correlation; Monte Carlo Methods; Foreign Countries; Employment; Income; Supply and Demand

Abstract:
The contribution of universities to society is due to the effects generated both in the supply and in the demand side, the latter being associated with the injection of demand as a result of the activities these institutions carry out. This paper focuses on the impact of the demand side by designing a methodology based on Monte Carlo simulations so as to introduce stochastic elements in calculating the economic impact of universities. We apply this methodology to the case of Valencian public universities, introducing stochastic elements in all the elements which imply assumptions with uncertainty. The results highlight the importance of considering uncertainty by generating multipliers which can vary around the average value by 18% in the case of output and employment, and 10% in the case of income. Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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Descriptors:
Foreign Countries; Public Colleges; College Admission; Open Enrollment; Economic Impact; Social Problems

Abstract:
This paper intends to discuss the policy of admission to Jordanian public universities. This admission rules are variable and open to almost 100% of the graduates from secondary schools. This might refer to the historical events and economic conditions that the country has gone through since its establishment. Furthermore, the admission policy is having a negative affecting on the county's economic and social conditions, without any indication from the responsible higher education administrators of implementing changes or at least reconsider them. The efforts to find solutions for this unusual admission policy and the socio-economic problems connected to it may involve elevating the standards of the curriculum and advanced admission rules, which should result in a more elite selection of students. In addition, there is a pressing need to analyse this policy and present a comprehensive profile of it as a basis for future discussions of related issues. Note:The following two links are not-applicable for text-based browsers or screen-reading software. Show Hide Full Abstract

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