158-434: A private school is a school not administered or funded by the government , unlike a public school . Private schools (also known as 'independent schools') are schools that are not dependent upon national or local government to finance their financial endowment . Unless privately owned they typically have a board of governors and have a system of governance that ensures their independent operation. Private schools retain
316-662: A Japanese school and a German school. Chinese schools were being founded by the ethnic Chinese in Malaysia as early as the 19th century. They provide secondary education in the Chinese language as the continuation of the primary education in Chinese national-type primary schools. The main medium of instruction in these schools is Mandarin Chinese using simplified Chinese characters . Being private schools, Chinese independent high schools do not receive consistent funding from
474-709: A certain minimum education; Irish state subsidised fee-charging schools must still work towards the Junior Certificate and the Leaving Certificate , for example. The single fee-charging secondary school in Ireland which receives no state funding, the Nord Anglia International School Dublin , does not have to undergo the state supervision which all the other fee-charging schools undergo. Students there also sit
632-702: A definition of economics as a study of human behaviour, subject to and constrained by scarcity, which forces people to choose, allocate scarce resources to competing ends, and economise (seeking the greatest welfare while avoiding the wasting of scarce resources). According to Robbins: "Economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses". Robbins' definition eventually became widely accepted by mainstream economists, and found its way into current textbooks. Although far from unanimous, most mainstream economists would accept some version of Robbins' definition, even though many have raised serious objections to
790-451: A distinct field. The book focused on determinants of national income in the short run when prices are relatively inflexible. Keynes attempted to explain in broad theoretical detail why high labour-market unemployment might not be self-correcting due to low " effective demand " and why even price flexibility and monetary policy might be unavailing. The term "revolutionary" has been applied to the book in its impact on economic analysis. During
948-413: A fee-charging school wishes to employ extra teachers they are paid for with school fees, which tend to be relatively low in Ireland compared to the rest of the world. Because state funding plays a fundamental role in the finances of all but one fee-charging school, they must undergo similar state inspection to non-fee-charging schools. This is due to the requirement that the state ensure that children receive
1106-420: A lower relative cost of production, rather relying only on its own production. It has been termed a "fundamental analytical explanation" for gains from trade . Coming at the end of the classical tradition, John Stuart Mill (1848) parted company with the earlier classical economists on the inevitability of the distribution of income produced by the market system. Mill pointed to a distinct difference between
1264-403: A more accurate distinction is between fee-charging schools and non-fee-charging schools. This is because approximately 85% of all schools are private schools ( Irish : scoil phríobháideach ) by virtue of not being owned by the state. The Roman Catholic Church is the largest owner of schools in Ireland, with other religious institutions owning the remaining private schools. Nevertheless, despite
1422-449: A more comprehensive theory of costs on the supply side. In the 20th century, neoclassical theorists departed from an earlier idea that suggested measuring total utility for a society, opting instead for ordinal utility , which posits behaviour-based relations across individuals. In microeconomics , neoclassical economics represents incentives and costs as playing a pervasive role in shaping decision making . An immediate example of this
1580-467: A more important role in mainstream economic theory. Also, heterogeneity among the economic agents, e.g. differences in income, plays an increasing role in recent economic research. Other schools or trends of thought referring to a particular style of economics practised at and disseminated from well-defined groups of academicians that have become known worldwide, include the Freiburg School ,
1738-450: A permanent trust fund that would address the needs of the private education sector in the country. In Portugal, private schools were traditionally set up by foreign expatriates and diplomats in order to cater for their educational needs. Portuguese-speaking private schools are widespread across Portugal's main cities. International private schools are mainly concentrated in and around Lisbon , Porto , Braga , Coimbra and Covilhã , across
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#17327754753781896-597: A proportion of the value their work had created. Marxian economics was further developed by Karl Kautsky (1854–1938)'s The Economic Doctrines of Karl Marx and The Class Struggle (Erfurt Program) , Rudolf Hilferding 's (1877–1941) Finance Capital , Vladimir Lenin (1870–1924)'s The Development of Capitalism in Russia and Imperialism, the Highest Stage of Capitalism , and Rosa Luxemburg (1871–1919)'s The Accumulation of Capital . At its inception as
2054-906: A public school refers to membership of the Headmasters' and Headmistresses' Conference , and this includes many independent grammar schools . The term 'public school' historically meant that the school was open to the public (as opposed to private tutors or the school being in private ownership). Many private schools actively compete with prestigious state schools (including state grammar schools and single sex schools ) in academic achievements. There are many old, world-renowned institutions in England that served as inspiration for most schools of their type abroad. These schools include Winchester College , Eton College , St Paul's School , Harrow School , Westminster School , and Rugby School . The Independent Schools Inspectorate regularly publishes reports on
2212-409: A rapidly growing population against a limited amount of land meant diminishing returns to labour. The result, he claimed, was chronically low wages, which prevented the standard of living for most of the population from rising above the subsistence level. Economist Julian Simon has criticised Malthus's conclusions. While Adam Smith emphasised production and income, David Ricardo (1817) focused on
2370-510: A report by Geeta Gandhi Kingdon entitled: The Emptying of Public Schools and Growth of Private Schools in India , it is said that for sensible education-policy making, it is vital to take account of the various changing trends in the size of the private and public schooling sectors in India. Ignoring these trends involves the risk of poor policies/legislation, with adverse effects on children's education. A lot of criticism towards Iranian government
2528-445: A revenue of US$ 450 million in 2008, but is projected to be a US$ 40 billion market. Although there are private schools in India, they are highly regulated in terms of what they can teach, in what form they can operate (must be a non-profit to run any accredited educational institution) and all the other aspects of the operation. Hence, the differentiation between government schools and private schools can be misleading. However, in
2686-460: A school can have significant impact on local communities. In low-income countries , only 32% of primary, 43% of lower secondary and 52% of upper secondary schools have access to electricity . This affects access to the internet , which is just 37% in upper secondary schools in low-income countries, as compared to 59% in those in middle-income countries and 93% in those in high-income countries . Access to basic water , sanitation and hygiene
2844-458: A science high school. The Fund for Assistance to Private Education (FAPE) is a perpetual trust fund for private education created by Executive Order № 156 s. 1968 and amended by Executive Order № 150 s. 1994. FAPE was created on November 5, 1968 by Executive Order No. 156, in implementation of the project agreement between the Philippine and United States governments to establish
3002-429: A second Gleichschaltung or similar event in the future. In Italy education is predominantly public; about one-fifth of schools are private, attended by about one out of 10 Italian schoolchildren. The Italian constitution states that education is to be public, free, and compulsory for at least eight years. In India, private schools are called independent schools, but since some private schools receive financial aid from
3160-469: A set of stable preferences, a definite overall guiding objective, and the capability of making a choice. There exists an economic problem, subject to study by economic science, when a decision (choice) is made by one or more players to attain the best possible outcome. Keynesian economics derives from John Maynard Keynes , in particular his book The General Theory of Employment, Interest and Money (1936), which ushered in contemporary macroeconomics as
3318-409: A single tax on income of land owners. In reaction against copious mercantilist trade regulations, the physiocrats advocated a policy of laissez-faire , which called for minimal government intervention in the economy. Adam Smith (1723–1790) was an early economic theorist. Smith was harshly critical of the mercantilists but described the physiocratic system "with all its imperfections" as "perhaps
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#17327754753783476-452: A social science, economics was defined and discussed at length as the study of production, distribution, and consumption of wealth by Jean-Baptiste Say in his Treatise on Political Economy or, The Production, Distribution, and Consumption of Wealth (1803). These three items were considered only in relation to the increase or diminution of wealth, and not in reference to their processes of execution. Say's definition has survived in part up to
3634-435: A sought after end). Some subsequent comments criticised the definition as overly broad in failing to limit its subject matter to analysis of markets. From the 1960s, however, such comments abated as the economic theory of maximizing behaviour and rational-choice modelling expanded the domain of the subject to areas previously treated in other fields. There are other criticisms as well, such as in scarcity not accounting for
3792-512: A state school, e.g. they must teach the state curriculum, they must employ registered teachers, and they can not charge tuition fees (they can charge "attendance dues" for the upkeep on the still-private school land and buildings). The largest decline in private school numbers occurred between 1979 and 1984, when the nation's then-private Catholic school system integrated. As a result, private schools in New Zealand are now largely restricted to
3950-571: A student's needs while allowing students to continue working and tending to their other obligations. Online school education is divided into three subcategories: Online Elementary School, Online Middle School, Online High school. As a profession, teaching has levels of work-related stress (WRS) that are among the highest of any profession in some countries, such as the United Kingdom and the United States. The degree of this problem
4108-442: A synthesis emerged by the 2000s, often given the name the new neoclassical synthesis . It integrated the rational expectations and optimizing framework of the new classical theory with a new Keynesian role for nominal rigidities and other market imperfections like imperfect information in goods, labour and credit markets. The monetarist importance of monetary policy in stabilizing the economy and in particular controlling inflation
4266-457: A time that works best. Conflicts with taking an online class may include not being face to face with the instructor when learning or being in an environment with other students. Online classes can also make understanding the content challenging, especially when unable to get in quick contact with the instructor. Online students have the advantage of using other online sources with assignments or exams for that specific class. Online classes also have
4424-816: A tree with a small / no campus and are free of cost. There are various boards of schools in India, namely Central Board for Secondary Education (CBSE), Council for the Indian School Certificate Examinations (CISCE), Madrasa Boards of various states, Matriculation Boards of various states, State Boards of various boards, Anglo Indian Board, among others. Today's typical syllabus includes language(s), mathematics, science – physics, chemistry, biology, geography, history, general knowledge, and information technology/computer science. Extracurricular activities include physical education/sports and cultural activities like music, choreography, painting, and theatre/drama. In much of continental Europe,
4582-720: A vocational school directly. Instead, they are supposed to proceed to one of Germany's general education schools such as Gesamtschule , Hauptschule , Realschule or Gymnasium . When they leave that school, which usually happens at age 15–19, they may proceed to a vocational school. The term school is rarely used for tertiary education , except for some upper or high schools (German: Hochschule), which describe colleges and universities. In Eastern Europe modern schools (after World War II ), of both primary and secondary educations, often are combined. In contrast, secondary education might be split into accomplished or not. The schools are classified as middle schools of general education. For
4740-655: Is The King’s School , founded in 1831. Catholic schools form the second-largest sector after government schools, with around 21% of secondary enrolments. Catholic schools, typically have a strong religious focus and usually most of the staff and students are Catholic. In 1999, 5.6% of Canadian students were enrolled in private schools, some of which are religious or faith-based schools, including Christian, Jewish, and Islamic schools. Some private schools in Canada are considered world-class, especially some boarding schools. Private schools have sometimes been controversial, with some in
4898-498: Is a discipline which practices architect and others for the design of educational institutions, such as schools and universities , as well as other choices in the educational design of learning experiences. The design of building can significantly influence the learning experience of students. Additionally, because schools are important sources of traffic, employment and community activities, school buildings often act as anchor institutions in neighborhoods or communities. The decline of
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5056-421: Is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός ( oikonomikos ), or "household or homestead manager". Derived terms such as "economy" can therefore often mean "frugal" or "thrifty". By extension then, "political economy" was the way to manage a polis or state. There are a variety of modern definitions of economics ; some reflect evolving views of
5214-438: Is also applied to such diverse subjects as crime , education , the family , feminism , law , philosophy , politics , religion , social institutions , war , science , and the environment . The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". The term is ultimately derived from Ancient Greek οἰκονομία ( oikonomia ) which
5372-530: Is also far from universal. Among upper secondary schools, only 53% in low-income countries and 84% in middle-income countries have access to basic drinking water. Access to water and sanitation is universal in high-income countries. The safety of staff and students is increasingly becoming an issue for school communities, an issue most schools are addressing through improved security. Some have also taken measures such as installing metal detectors or video surveillance . Others have even taken measures such as having
5530-412: Is any for which the facilities and funding are not provided by the federal, state or local government, as opposed to a public school, which is operated by the government - or in the case of charter schools , independently with government funding and regulation. A majority of private schools in the United States are operated by religious institutions and organizations. In practice, the term "private school"
5688-406: Is because of large gap of University entrance Exam success between public and private school students, number private school growth has seen a 15% growth dominating Iranian education sector. there is a rise of "luxury" schools. Studying for one year term in private schools may cost 50 million as of July 2023. In Ireland, the internationally recognised definition of "private school" is misleading and
5846-596: Is becoming increasingly recognized and support systems are being put into place. Stress sometimes affects students more severely than teachers, up to the point where the students are prescribed stress medication. This stress is claimed to be related to standardized testing, and the pressure on students to score above average. According to a 2008 mental health study by the Associated Press and mtvU, eight in 10 U.S. college students said they had sometimes or frequently experienced stress in their daily lives. This
6004-469: Is both the educational institution and building designed to provide learning spaces and learning environments for the teaching of students under the direction of teachers . Most countries have systems of formal education , which is sometimes compulsory . In these systems, students progress through a series of schools that can be built and operated by both government and private organization. The names for these schools vary by country (discussed in
6162-477: Is commonly used to denote a non-sectarian school, whereas "church school", "Christian school", and (for Catholic institutions) "parochial school" are used to denote sectarian ones. Independent schools in the United States educate a tiny fraction of the school-age population (slightly over 1% of the entire school-age population). The essential distinction between independent schools and other private schools
6320-574: Is compulsory under the Universal Basic Education Program (UBEC). Tertiary institutions include public and private universities, polytechnics, and colleges of education. Universities can be funded by the federal government, state governments, religious institutions, or individuals and organisations. Many schools are owned or funded by states . Private schools operate independently from the government. Private schools usually rely on fees from families whose children attend
6478-600: Is employed", but later "a group to whom lectures were given, school". The concept of grouping students together in a centralized location for learning has existed since Classical antiquity . Formal schools have existed at least since ancient Greece (see Academy ), ancient Rome (see Education in Ancient Rome ) ancient India (see Gurukul ), and ancient China (see History of education in China ). The Byzantine Empire had an established schooling system beginning at
Private school - Misplaced Pages Continue
6636-815: Is generally free, schools that offer instruction in languages other than the official languages of Finland (for example in English) may charge modest fees. There are also unlicensed private schools that do not follow any national curriculum and do not receive public funding. Certificates obtained from such institutions are not recognized as valid proof of education. In 2018, private schools accounted for 3% of basic education institutions and 9% of upper secondary education institutions. All Universities of Applied Sciences are either privately owned or municipality-owned companies or foundations. Some private Universities in Finland operate without legal mandate and are not overseen by
6794-479: Is on a sliding scale and still has a "capacity to pay" element; however, on average, funding granted to the private school sector is 40 percent of that required to operate government schools, the remainder being made up by tuition fees and donations from parents. The majority of the funding comes from the Commonwealth Government, while the state and territory governments provide about one-third of
6952-465: Is only one type of secondary school. However, they may be funded either by the state or independently funded. Scotland's school performance is monitored by Her Majesty's Inspectorate of Education . Ofsted reports on performance in England and Estyn reports on performance in Wales. In the United Kingdom, most schools are publicly funded and known as state schools or maintained schools in which tuition
7110-413: Is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it
7268-536: Is provided for free. There are also private schools or private schools that charge fees. Some of the most selective and expensive private schools are known as public schools , a usage that can be confusing to speakers of North American English . In North American usage, a public school is publicly funded or run. In much of the Commonwealth of Nations , including Australia, New Zealand, India, Pakistan , Bangladesh, Sri Lanka, South Africa, Kenya, and Tanzania,
7426-564: Is self-governance and financial independence. In contrast, public schools are funded and governed by local and state governments, and most parochial schools are owned, governed, and financed by religious institutions such as a diocese or parish. Independent schools may be affiliated with a particular religion or denomination; however, unlike parochial schools, independent schools are self-owned and governed by independent boards of trustees. While independent schools are not subject to significant government oversight or regulation, they are accredited by
7584-598: Is the consumer theory of individual demand, which isolates how prices (as costs) and income affect quantity demanded. In macroeconomics it is reflected in an early and lasting neoclassical synthesis with Keynesian macroeconomics. Neoclassical economics is occasionally referred as orthodox economics whether by its critics or sympathisers. Modern mainstream economics builds on neoclassical economics but with many refinements that either supplement or generalise earlier analysis, such as econometrics , game theory , analysis of market failure and imperfect competition , and
7742-469: Is the unique characteristic of this segment of the education industry, offering schools four freedoms that contribute to their success: the freedom to define their own unique missions; the freedom to admit and keep only those students well-matched to the mission; the freedom to define the qualifications for high quality teachers; and the freedom to determine on their own what to teach and how to assess student achievement and progress. School A school
7900-615: Is their decision whether to engage tutors". Some of the oldest schools in South Africa are private church schools that were established by missionaries in the early nineteenth century. The private sector has grown ever since. After the abolition of apartheid, the laws governing private education in South Africa changed significantly. The South African Schools Act of 1996 recognizes two categories of schools: "public" (state-controlled) and "independent" (which includes traditional private schools and schools which are privately governed). In
8058-464: The Regional terms section below) but generally include primary school for young children and secondary school for teenagers who have completed primary education . An institution where higher education is taught is commonly called a university college or university . In addition to these core schools, students in a given country may also attend schools before and after primary (elementary in
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#17327754753788216-529: The Shin Min Daily News estimated that there were around 540 tuition centres offering private tuition in Singapore. Due to their high demand, tuition centres are able to charge high fees for their services; they have an annual turnover of SGD$ 110.6 million in 2005. The official government stance on private tuition is that "it understands parents want the best for their children and that it
8374-600: The International Baccalaureate rather than the Irish Leaving Certificate which every other Irish secondary school student sits. In exchange, however, Nord Anglia students pay some €25,000 per annum in fees, compared to c. €4,000 – €8,000 per annum fees by students in all other fee-charging Irish schools. Many fee-charging schools in Ireland also double as boarding schools. The fees for these may then rise up to €25,000 per year. All
8532-495: The Latin language . This led to the term grammar school , which in the United States informally refers to a primary school, but in the United Kingdom means a school that selects entrants based on ability or aptitude. The school curriculum has gradually broadened to include literacy in the vernacular language and technical, artistic, scientific, and practical subjects. Obligatory school attendance became common in parts of Europe during
8690-780: The School of Lausanne , the Stockholm school and the Chicago school of economics . During the 1970s and 1980s mainstream economics was sometimes separated into the Saltwater approach of those universities along the Eastern and Western coasts of the US, and the Freshwater, or Chicago school approach. Within macroeconomics there is, in general order of their historical appearance in
8848-726: The Scottish Council of Independent Schools (SCIS). All schools are still inspected by the state inspectorate, Education Scotland , and the Care Inspectorate . Independent schools in Scotland that are charities are subject to a specific test from the Office of the Scottish Charity Regulator , designed to demonstrate the public benefit the schools provide. In the United States, a private school
9006-433: The macroeconomics of high unemployment. Gary Becker , a contributor to the expansion of economics into new areas, described the approach he favoured as "combin[ing the] assumptions of maximizing behaviour, stable preferences , and market equilibrium , used relentlessly and unflinchingly." One commentary characterises the remark as making economics an approach rather than a subject matter but with great specificity as to
9164-467: The neoclassical model of economic growth for analysing long-run variables affecting national income . Neoclassical economics studies the behaviour of individuals , households , and organisations (called economic actors, players, or agents), when they manage or use scarce resources, which have alternative uses, to achieve desired ends. Agents are assumed to act rationally, have multiple desirable ends in sight, limited resources to obtain these ends,
9322-818: The production , distribution , and consumption of goods and services . Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements within economies , including individual agents and markets , their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings , and investment expenditure interact, and factors affecting it: factors of production , such as labour , capital , land , and enterprise , inflation , economic growth , and public policies that have impact on these elements . It also seeks to analyse and describe
9480-415: The societal to the microeconomic level: Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man. Lionel Robbins (1932) developed implications of what has been termed "[p]erhaps the most commonly accepted current definition of
9638-400: The "choice process and the type of social interaction that [such] analysis involves." The same source reviews a range of definitions included in principles of economics textbooks and concludes that the lack of agreement need not affect the subject-matter that the texts treat. Among economists more generally, it argues that a particular definition presented may reflect the direction toward which
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#17327754753789796-605: The (first) Gonski Report , the funding formula was changed to compute individual school funding compared to a School Resourcing Standard (SRS). The SRS uses exam results from the National Assessment Program – Literacy and Numeracy tests, calculates the SRS from a cohort of well-performing schools, and applies this formula to other schools on the assumption that they should be able to achieve similar results from similar funding. The funding provided to private schools
9954-536: The 18th century. In Denmark-Norway , this was introduced as early as in 1739–1741, the primary end being to increase the literacy of the almue , i.e., the "regular people". Many of the earlier public schools in the United States and elsewhere were one-room schools where a single teacher taught seven grades of boys and girls in the same classroom. Beginning in the 1920s, one-room schools were consolidated into multiple classroom facilities with transportation increasingly provided by kid hacks and school buses . Islam
10112-486: The 1970s and 1980s, when several major central banks followed a monetarist-inspired policy, but was later abandoned because the results were unsatisfactory. A more fundamental challenge to the prevailing Keynesian paradigm came in the 1970s from new classical economists like Robert Lucas , Thomas Sargent and Edward Prescott . They introduced the notion of rational expectations in economics, which had profound implications for many economic discussions, among which were
10270-530: The 5th century CE, monastic schools were also established throughout Western Europe, teaching religious and secular subjects. In Europe, universities emerged during the 12th century; here, scholasticism was an important tool, and the academicians were called schoolmen . During the Middle Ages and much of the Early Modern period, the main purpose of schools (as opposed to universities) was to teach
10428-726: The Catholic schismatic group , the Society of St Pius X in Wanganui operates three private schools (including the secondary school, St Dominic's College ). A recent group of private schools run as a business has been formed by Academic Colleges Group ; with schools throughout Auckland, including ACG Senior College in Auckland's CBD, ACG Parnell College in Parnell , and international school ACG New Zealand International College . In
10586-530: The Commonwealth amount. The Turnbull government commissioned Gonski in 2017 to chair the independent Review to Achieve Educational Excellence in Australian Schools, commonly called Gonski 2.0. The government published the report on 30 April 2018. Following negotiation, bilateral agreements between the Commonwealth of Australia with each state and territory commenced on 1 January 2019, with
10744-715: The Empire emphasized efficiency in its war manuals. The Byzantine education system continued until the empire's collapse in 1453 AD. In Western Europe, a considerable number of cathedral schools were founded during the Early Middle Ages in order to teach future clergy and administrators, with the oldest still existing, and continuously operated, cathedral schools being The King's School, Canterbury (established 597 CE), King's School, Rochester (established 604 CE), St Peter's School, York (established 627 CE) and Thetford Grammar School (established 631 CE). Beginning in
10902-545: The Malaysian government, although they did receive some funding from some state governments as well as in the 2019 and 2020 budgets under the Pakatan Harapan government. However, in accordance with their aim of providing affordable education to all in the Chinese language, their school fees are substantially lower than those of most other private schools. The schools are kept alive almost exclusively by donations from
11060-669: The Ministry of Education and Culture. Graduates from these universities must undergo the same verification process as those holding foreign degrees. The right to create private schools in Germany is in Article 7, Paragraph 4 of the Grundgesetz and cannot be suspended even in a state of emergency . It is also not possible to abolish these rights. This unusual protection of private schools was implemented to protect these schools from
11218-497: The Mughal rule, Madrasahs were introduced in India to educate the children of Muslim parents. British records show that indigenous education was widespread in the 18th century, with a school for every temple, mosque, or village in most regions. The subjects taught included Reading, Writing, Arithmetic, Theology, Law, Astronomy, Metaphysics, Ethics, Medical Science, and Religion. Under British rule, Christian missionaries from England,
11376-612: The Philippines, the private sector has been a major provider of educational services. Private schools are generally free to determine their curriculum in accordance with existing laws and regulations. Science high schools are special schools for the more intellectually promising students to foster the problem-solving approach of critical thinking. As separate high schools, they have specific characteristics not found in regular high schools. However, any private or public high school can aspire to meet these minimum standards and be considered
11534-663: The Portuguese region of Algarve , and in the autonomous region of Madeira . The Ministério da Educação acts as the supervisory and regulatory body for all schools, including international schools. In Singapore, after Primary School Leaving Examination (PSLE), students can choose to enter a private high school. Private tuition is a lucrative industry in Singapore, since many parents send their children for private tuition after school. A straw poll by The Straits Times newspaper in 2008 found that out of 100 students interviewed, only 3 students did not have any form of tuition. In 2010,
11692-580: The Quran. Attending a Qur'anic school is how children become recognized members of the Islamic faith. Children often attend state schools and a Qur'anic school. In Mozambique, specifically, there are two kinds of Qur'anic schools. They are the tariqa based and the Wahhabi-based schools. What makes these schools different is who controls them. Tariqa schools are controlled at the local level. In contrast,
11850-504: The U.S.) and secondary (middle school in the U.S.) education. Kindergarten or preschool provide some schooling to very young children (typically ages 3–5). University, vocational school , college or seminary may be available after secondary school. A school may be dedicated to one particular field, such as a school of economics or dance. Alternative schools may provide nontraditional curriculum and methods. Non-government schools, also known as private schools , may be required when
12008-860: The United Kingdom and several other Commonwealth countries including Australia, Canada and New Zealand the use of the term is generally restricted to primary and secondary educational levels, and it is almost never used of universities or other tertiary institutions. Private education in North America covers the whole gamut of educational activity, ranging from pre-school to tertiary level institutions. Annual tuition fees at K–12 schools range from nothing at so called 'tuition-free' schools to more than $ 45,000 at several New England University-preparatory schools . The secondary level includes university-preparatory schools, boarding schools , and day schools . Tuition at private secondary schools varies from school to school and depends on many factors, including
12166-590: The United States, and other countries established missionary and boarding schools in India. Later as these schools gained popularity, more were started, and some gained prestige. These schools marked the beginning of modern schooling in India. The syllabus and calendar they followed became the benchmark for schools in modern India. Today most schools follow the missionary school model for tutoring, subject/syllabus, and governance, with minor changes. Schools in India range from large campuses with thousands of students and hefty fees to schools where children are taught under
12324-909: The United States, school performance through high school is monitored by each state's department of education . Charter schools are publicly funded elementary or secondary schools that have been freed from some of the rules, regulations, and statutes that apply to other public schools. The terms grammar school and grade school are sometimes used to refer to a primary school due to British colonial legacies. In addition, there are tax-funded magnet schools which offer different programs and instruction not available in traditional schools. In West Africa, "school" can also refer to "bush" schools, Quranic schools, or apprenticeships. These schools include formal and informal learning. Bush schools are training camps that pass down cultural skills, traditions, and knowledge to their students. Bush schools are semi-similar to traditional western schools because they are separated from
12482-941: The Wahhabi are controlled by the Islamic Council. Within the Qur'anic school system, there are levels of education. They range from a basic level of understanding, called chuo and kioni in local languages, to the most advanced, which is called ilimu. In Nigeria, the term school broadly covers daycares , nursery schools , primary schools , secondary schools and tertiary institutions . Primary and secondary schools are either privately funded by religious institutions and corporate organisations or government-funded. Government-funded schools are commonly referred to as public schools. Students spend six years in primary school, three years in junior secondary school, and three years in senior secondary school. The first nine years of formal schooling
12640-563: The adoption of the Right to Education (RTE) Act 2009, private schools were required to be 'government-recognised'. A private school would be eligible for government recognition when it met certain conditions. At the primary and secondary level, India has a large private school system complementing the government run schools, with 29% of students receiving private education in the 6 to 14 age group. Certain post-secondary technical schools are also private. The private education market in India had
12798-461: The advantage of students not needing to leave their house for a morning class or worrying about their attendance for that class. Students can work at their own pace to learn and achieve within that curriculum. The convenience of learning at home has been an attraction point for enrolling online. Students can attend class anywhere a computer can go – at home, in a library, or while traveling internationally. Online school classes are designed to fit
12956-407: The analysis of wealth: how wealth is created (production), distributed, and consumed; and how wealth can grow. But he said that economics can be used to study other things, such as war, that are outside its usual focus. This is because war has as the goal winning it (as a sought after end ), generates both cost and benefits; and, resources (human life and other costs) are used to attain the goal. If
13114-479: The area of inquiry or object of inquiry rather than the methodology. In the biology department, it is not said that all biology should be studied with DNA analysis. People study living organisms in many different ways, so some people will perform DNA analysis, others might analyse anatomy, and still others might build game theoretic models of animal behaviour. But they are all called biology because they all study living organisms. According to Ha Joon Chang, this view that
13272-443: The author believes economics is evolving, or should evolve. Many economists including nobel prize winners James M. Buchanan and Ronald Coase reject the method-based definition of Robbins and continue to prefer definitions like those of Say, in terms of its subject matter. Ha-Joon Chang has for example argued that the definition of Robbins would make economics very peculiar because all other sciences define themselves in terms of
13430-445: The boys' bush school. They practice domestic affairs such as cooking, childcare, and being a good wife. Their training is focused on how to be a proper woman by societal standards. Qur'anic schools are the principal way of teaching the Quran and knowledge of the Islamic faith. These schools also fostered literacy and writing during the time of colonization. Today, the emphasis is on the different levels of reading, memorizing, and reciting
13588-603: The case of the School Net Namibia . Some online classes also provide experience in a class. When people take them, they have already been introduced to the subject and know what to expect. Classes provide high school/college credit, allowing students to take the classes at their own pace. Many online classes cost money to take, but some are offered free. Internet-based distance learning programs are offered widely through many universities. Instructors teach through online activities and assignments. Online classes are taught
13746-658: The children swipe identification cards as they board the school bus. These plans have included door numbering to aid public safety response for some schools. Other security concerns faced by schools include bomb threats, gangs, and vandalism. In recognition of these threats, the United Nations Sustainable Development Goal 4 advocates for upgrading education facilities to provide a safe, non-violent learning environment. School health services are services from medical, teaching and other professionals applied in or out of school to improve
13904-517: The colonies. Physiocrats , a group of 18th-century French thinkers and writers, developed the idea of the economy as a circular flow of income and output. Physiocrats believed that only agricultural production generated a clear surplus over cost, so that agriculture was the basis of all wealth. Thus, they opposed the mercantilist policy of promoting manufacturing and trade at the expense of agriculture, including import tariffs. Physiocrats advocated replacing administratively costly tax collections with
14062-488: The design of modern monetary policy and are now standard workhorses in most central banks. After the 2007–2008 financial crisis , macroeconomic research has put greater emphasis on understanding and integrating the financial system into models of the general economy and shedding light on the ways in which problems in the financial sector can turn into major macroeconomic recessions. In this and other research branches, inspiration from behavioural economics has started playing
14220-506: The distribution of income among landowners, workers, and capitalists. Ricardo saw an inherent conflict between landowners on the one hand and labour and capital on the other. He posited that the growth of population and capital, pressing against a fixed supply of land, pushes up rents and holds down wages and profits. Ricardo was also the first to state and prove the principle of comparative advantage , according to which each country should specialise in producing and exporting goods in that it has
14378-469: The economy can and should be studied in only one way (for example by studying only rational choices), and going even one step further and basically redefining economics as a theory of everything, is peculiar. Questions regarding distribution of resources are found throughout the writings of the Boeotian poet Hesiod and several economic historians have described Hesiod as the "first economist". However,
14536-647: The education system has always been separate from the rest of Great Britain , the term 'public school' was used historically to refer to state schools for the general public. According to The Good Schools Guide about 7% of children being educated in the United Kingdom are at fee-charging schools at GCSE level and 13% at A-level. Some independent schools are single-sex, although this is becoming less common. In 2011, fees range from under £3,000 to £21,000 and above per year for day pupils, rising to over £27,000 per year for boarders. Costs differ in Scotland. One in four independently educated children come from postcodes with
14694-400: The entire student population. Private school numbers have been in decline since the mid-1970s as a result of many private schools opting to become state-integrated schools , mostly due to financial difficulties stemming from changes in student numbers or the economy. State-integrated schools keep their private school special character and receives state funds in return for having to operate like
14852-449: The exception of Victoria, whose bilateral agreement commenced on 1 February 2019. The funding agreements provide states with funding for government schools (20 percent) and non-government schools (80 percent) taking into consideration annual changes in enrolment numbers, indexation and student or school characteristics. A National School Resourcing Board was charged with the responsibility of independently reviewing each state's compliance with
15010-472: The expense of enrolments in government schools, which have seen their enrolment share reduce from 78.1 percent to 65 percent since 1970, although the rate of growth of private schools has slowed in the later years. Australian private schools differ from those in other OECD nations as the Australian Government provides funding to all schools including private schools. In 2013, after release of
15168-527: The final years of the apartheid era, parents at white government schools were given the option to convert to a "semi-private" form called Model C , and many of these schools changed their admissions policies to accept children classified to be of other races. These schools tend to produce better academic results than government schools formerly reserved for other "race groups". Former "Model C" schools are state-controlled, not private. All schools in South Africa (including both independent and public schools) have
15326-688: The first large-scale macroeconometric model , applying the Keynesian thinking systematically to the US economy . Immediately after World War II, Keynesian was the dominant economic view of the United States establishment and its allies, Marxian economics was the dominant economic view of the Soviet Union nomenklatura and its allies. Monetarism appeared in the 1950s and 1960s, its intellectual leader being Milton Friedman . Monetarists contended that monetary policy and other monetary shocks, as represented by
15484-620: The first to make the Madrassa system a public domain under Caliph 's control. Under the Ottomans , the towns of Bursa and Edirne became the main centers of learning. The Ottoman system of Külliye , a building complex containing a mosque, a hospital, madrassa, and public kitchen and dining areas, revolutionized the education system, making learning accessible to a broader public through its free meals, health care, and sometimes free accommodation. The term " school" varies by country, as do
15642-540: The following decades, many economists followed Keynes' ideas and expanded on his works. John Hicks and Alvin Hansen developed the IS–LM model which was a simple formalisation of some of Keynes' insights on the economy's short-run equilibrium. Franco Modigliani and James Tobin developed important theories of private consumption and investment , respectively, two major components of aggregate demand . Lawrence Klein built
15800-753: The funding agreement(s). Private school fees can vary from under $ 100 per month to $ 2,000 and upwards, depending on the student's year level, the school's size, and the socio-economics of the school community. In late 2018 it was reported the most expensive private schools (such as AAGPS and CAS schools in New South Wales , GPS and QGSSSA schools in Queensland , AGSV and APS schools in Victoria ) charge fees of up to $ 500,000 for thirteen years of education. The oldest private school in Australia
15958-509: The global economy . Other broad distinctions within economics include those between positive economics , describing "what is", and normative economics , advocating "what ought to be"; between economic theory and applied economics ; between rational and behavioural economics ; and between mainstream economics and heterodox economics . Economic analysis can be applied throughout society, including business , finance , cybersecurity , health care , engineering and government . It
16116-531: The government does not supply adequate or specific educational needs. Other private schools can also be religious, such as Christian schools , gurukula (Hindu schools), madrasa (Arabic schools), hawzas (Shi'i Muslim schools), yeshivas (Jewish schools), and others; or schools that have a higher standard of education or seek to foster other personal achievements. Schools for adults include institutions of corporate training , military education and training and business schools . Critics of school often accuse
16274-489: The government, it can be an aided or an unaided school. Demand for private schools has been growing over the years. While a consensus over what is the most significant driver of this growth in private schooling has not yet emerged, some authors have attributed this to a higher demand for English-medium education, a dissatisfaction with the quality of public schools, greater affordability of private schools, and non-availability of preferred field of study in government schools. After
16432-424: The growth in the money stock, was an important cause of economic fluctuations, and consequently that monetary policy was more important than fiscal policy for purposes of stabilisation . Friedman was also skeptical about the ability of central banks to conduct a sensible active monetary policy in practice, advocating instead using simple rules such as a steady rate of money growth. Monetarism rose to prominence in
16590-464: The health and well-being of children and, in some cases, whole families. These services have been developed in different ways around the globe. However, the fundamentals are constant: the early detection, correction, prevention, or amelioration of disease, disability, and abuse from which school-aged children can suffer. Some schools offer remote access to their classes over the internet. Online schools also can provide support to traditional schools, as in
16748-463: The importance of various market failures for the functioning of the economy, as had Keynes. Not least, they proposed various reasons that potentially explained the empirically observed features of price and wage rigidity , usually made to be endogenous features of the models, rather than simply assumed as in older Keynesian-style ones. After decades of often heated discussions between Keynesians, monetarists, new classical and new Keynesian economists,
16906-403: The institution of school or in a virtual school outside a traditional school building, respectively. Schools are organized in several different organizational models , including departmental, small learning communities, academies, integrated, and schools-within-a-school. The word school derives from Greek σχολή ( scholē ), originally meaning "leisure" and also "that in which leisure
17064-580: The larger community. These schools are located in forests outside of the towns and villages, and the space used is solely for these schools. Once the students have arrived in the forest, they cannot leave until their training is complete. Visitors are prohibited from these areas. Instead of being separated by age, Bush schools are separated by gender. Women and girls cannot enter the boys' bush school territory and vice versa. Boys receive training in cultural crafts, fighting, hunting, and community laws among other subjects. Girls are trained in their own version of
17222-1362: The largest cities (Auckland, Hamilton, Wellington and Christchurch) and niche markets. Private schools are almost fully funded by tuition fees paid by students' parents, but they do receive some government subsidies. Private schools are popular for academic and sporting performance, prestige, exclusivity and old boys/girls networks; however, many state-integrated schools and some prestigious single-sex state schools, such as Auckland Grammar School and Wellington College , are actively competitive with private schools in academic and sporting achievement, history and character. Private schools are often Anglican, such as King's College and Diocesan School for Girls in Auckland, St Paul's Collegiate School in Hamilton, St Peter's School in Cambridge , Samuel Marsden Collegiate School in Wellington, and Christ's College and St Margaret's College in Christchurch; or Presbyterian, such as Saint Kentigern College and St Cuthbert's College in Auckland, Scots College and Queen Margaret College in Wellington, and St Andrew's College and Rangi Ruru Girls' School in Christchurch. However,
17380-405: The latter occupying a more primary role in students' hierarchy of needs . [REDACTED] This article incorporates text from a free content work. Licensed under CC BY-SA 3.0 IGO. Text taken from #CommitToEducation , 35, UNESCO . Socioeconomics Economics ( / ˌ ɛ k ə ˈ n ɒ m ɪ k s , ˌ iː k ə -/ ) is a social science that studies
17538-574: The learning of disabled children. In Australia, private schools are mostly operated by an independently elected school council or board of governors and range broadly in the type of school-education provided and the socio-economics of the school community served. Most private schools are run by religious institutes while others have no religious affiliation and are driven by a national philosophy (such as international schools ), pedogogical philosophy (such as Waldorf-Steiner schools ), or specific needs (such as special schools ). Australia has one of
17696-449: The market's two roles: allocation of resources and distribution of income. The market might be efficient in allocating resources but not in distributing income, he wrote, making it necessary for society to intervene. Value theory was important in classical theory. Smith wrote that the "real price of every thing ... is the toil and trouble of acquiring it". Smith maintained that, with rent and profit, other costs besides wages also enter
17854-523: The media and in Ontario's Provincial Ministry of Education asserting that students may buy inflated grades from private schools. In Finland, education takes place in state-run, municipality-run, and private schools. To qualify for public funding, all schools must receive a license from the Ministry of Education and Culture and align with the national curriculum and educational standards. While education
18012-437: The most famous passages in all economics," Smith represents every individual as trying to employ any capital they might command for their own advantage, not that of the society, and for the sake of profit, which is necessary at some level for employing capital in domestic industry, and positively related to the value of produce. In this: He generally, indeed, neither intends to promote the public interest, nor knows how much he
18170-569: The most privatised education systems in the world with 30 per cent of primary students and more than 40 per cent of secondary students attending private schools. In contrast the OECD average is 18 per cent. Catholic schools make up a sizeable proportion of total enrolment (nearly 15%) and are usually regarded as a school sector of their own within the broad category of private schools, often charging lower fees than Protestant private schools. Enrolment in non-government schools have been growing steadily at
18328-429: The name of educational quality, most comply with regulations relating to the educational content of classes. Religious private schools often add religious instruction to the courses provided by local public schools. Special assistance schools aim to improve the lives of their students by providing services tailored to the particular needs of individual students. Such schools include tutoring schools and schools to assist
18486-557: The names of the various levels of education within the country. In the United Kingdom, the term school refers primarily to pre- university institutions, and these can, for the most part, be divided into pre-schools or nursery schools , primary schools (sometimes further divided into infant school and junior school ), and secondary schools . Various types of secondary schools in England and Wales include grammar schools , comprehensives , secondary moderns , and city academies . While they may have different names in Scotland, there
18644-430: The national average income or below, and one in three receive assistance with school fees. Evidence from a major longitudinal study suggests that British independent schools provide advantages in educational attainment and access to top universities. In England and Wales, the more prestigious independent schools are known as ' public schools ', sometimes subdivided into major and minor public schools. A modern definition of
18802-602: The opportunity to choose the school they prefer. For instance, the biggest school chain, Kunskapsskolan ("The Knowledge School"), offers 30 schools and a web-based environment, has 700 employees and teaches nearly 10,000 pupils. Private schools are also known as independent schools, because of their freedom to operate outside government and local government control. Elite institutions for older pupils, which charge high fees, are typically described as public schools . Preparatory schools in England and Wales prepare pupils up to 13 years old to enter public schools. In Scotland, where
18960-506: The past century. Some private schools are associated with a particular religious denomination or religion , such as Roman Catholicism , various branches of Protestantism or Judaism . Although private schools may have a religious affiliation, the precise use of the term excludes parochial (and other) schools if there is a financial dependence upon, or governance subordinate to, outside organizations. These definitions generally apply equally to both primary and secondary education . In
19118-503: The pessimistic analysis of Malthus (1798). John Stuart Mill (1844) delimited the subject matter further: The science which traces the laws of such of the phenomena of society as arise from the combined operations of mankind for the production of wealth, in so far as those phenomena are not modified by the pursuit of any other object. Alfred Marshall provided a still widely cited definition in his textbook Principles of Economics (1890) that extended analysis beyond wealth and from
19276-487: The present, modified by substituting the word "wealth" for "goods and services" meaning that wealth may include non-material objects as well. One hundred and thirty years later, Lionel Robbins noticed that this definition no longer sufficed, because many economists were making theoretical and philosophical inroads in other areas of human activity. In his Essay on the Nature and Significance of Economic Science , he proposed
19434-409: The price of a commodity. Other classical economists presented variations on Smith, termed the ' labour theory of value '. Classical economics focused on the tendency of any market economy to settle in a final stationary state made up of a constant stock of physical wealth (capital) and a constant population size . Marxist (later, Marxian) economics descends from classical economics and it derives from
19592-423: The primary level. According to Traditions and Encounters , the founding of the primary education system began in 425 AD and "... military personnel usually had at least a primary education ...". The sometimes efficient and often large government of the Empire meant that educated citizens were a must. Although Byzantium lost much of the grandeur of Roman culture and extravagance in the process of surviving,
19750-587: The public. In the Netherlands over two-thirds of state-funded schools operate autonomously, with many of these schools being linked to faith groups. The Programme for International Student Assessment , coordinated by the OECD , ranks the education in the Netherlands as the 9th best in the world as of 2008, being significantly higher than the OECD average. As of April 2014, there were 88 private schools in New Zealand, catering for around 28,000 students or 3.7% of
19908-429: The purest approximation to the truth that has yet been published" on the subject. The publication of Adam Smith 's The Wealth of Nations in 1776, has been described as "the effective birth of economics as a separate discipline." The book identified land, labour, and capital as the three factors of production and the major contributors to a nation's wealth, as distinct from the physiocratic idea that only agriculture
20066-438: The quality of education in all independent schools. In Scotland, schools not state -funded are known as independent or private schools. Independent schools may also be specialist or special schools – such as some music schools, Steiner Waldorf Education schools, or special education schools. Scottish independent schools currently educate over 31,000 students and employ approximately 3,500 teachers. Schools are represented by
20224-561: The right to select their students and are funded in whole or in part by charging their students for tuition , rather than relying on taxation through public (government) funding; at some private schools students may be eligible for a scholarship, lowering this tuition fee, dependent on a student's talents or abilities (e.g., sports scholarship, art scholarship, academic scholarship), need for financial aid, or tax credit scholarships that might be available. Roughly one in 10 U.S. families have chosen to enroll their children in private school for
20382-437: The right to set compulsory school fees, and formerly model C schools tend to set much higher school fees than other public schools. In Sweden, pupils are free to choose a private school and the private school gets paid the same amount as municipal schools. Over 10% of Swedish pupils were enrolled in private schools in 2008. Sweden is internationally known for this innovative school voucher model that provides Swedish pupils with
20540-461: The same as in-person, with the same curriculum. The instructor offers the syllabus with their fixed requirements like any other class. Students can virtually turn their assignments in to their instructors according to deadlines. This being through via email or on the course webpage. This allows students to work at their own pace yet meet the correct deadlines. Students taking an online class have more flexibility in their schedules to take their classes at
20698-402: The same six regional accreditation agencies that accredit public schools . The National Association of Independent Schools (NAIS) is a membership organization of American pre-college independent schools. The NAIS provides this definition of an independent school: Independent schools are 501(c)(3) nonprofit corporate entities, independent in governance and finance, meaning: Independence
20856-681: The school for funding; however, sometimes such schools also receive government support (for example, through School vouchers ). Many private schools are affiliated with a particular religion; these are known as parochial schools . Schools are organized spaces purposed for teaching and learning. The classrooms where teachers teach and students learn are of central importance. Classrooms may be specialized for certain subjects, such as laboratory classrooms for science education and workshops for industrial arts education. Typical schools have many other rooms and areas, which may include: Educational architecture, school architecture or school building design
21014-495: The school system of failing to adequately prepare students for their future lives, of encouraging certain temperaments while inhibiting others, of prescribing students exactly what to do, how, when, where and with whom, which would suppress creativity , and of using extrinsic measures such as grades and homework , which would inhibit children's natural curiosity and desire to learn. In homeschooling and distance education , teaching and learning take place independent from
21172-469: The school's location, the willingness of parents to pay, peer tuitions, and the school's financial endowment . Some private schools are boarding schools, and many military academies are privately owned or operated as well. Religiously affiliated and denominational schools form a subcategory of private schools. Some such schools teach religious education , together with the usual academic subjects, to impress their particular faith's beliefs and traditions in
21330-412: The scope and method of economics, emanating from that definition. A body of theory later termed "neoclassical economics" formed from about 1870 to 1910. The term "economics" was popularised by such neoclassical economists as Alfred Marshall and Mary Paley Marshall as a concise synonym for "economic science" and a substitute for the earlier " political economy ". This corresponded to the influence on
21488-486: The so-called Lucas critique and the presentation of real business cycle models . During the 1980s, a group of researchers appeared being called New Keynesian economists , including among others George Akerlof , Janet Yellen , Gregory Mankiw and Olivier Blanchard . They adopted the principle of rational expectations and other monetarist or new classical ideas such as building upon models employing micro foundations and optimizing behaviour, but simultaneously emphasised
21646-444: The source of the word economy. Joseph Schumpeter described 16th and 17th century scholastic writers, including Tomás de Mercado , Luis de Molina , and Juan de Lugo , as "coming nearer than any other group to being the 'founders' of scientific economics" as to monetary , interest , and value theory within a natural-law perspective. Two groups, who later were called "mercantilists" and "physiocrats", more directly influenced
21804-406: The state or commonwealth with a revenue for the publick services. Jean-Baptiste Say (1803), distinguishing the subject matter from its public-policy uses, defined it as the science of production, distribution, and consumption of wealth . On the satirical side, Thomas Carlyle (1849) coined " the dismal science " as an epithet for classical economics , in this context, commonly linked to
21962-406: The state-subsidised fee-charging schools are run by a religious order, e.g., the Society of Jesus or Congregation of Christian Brothers , etc. The major private schools being Blackrock College , Clongowes Wood College , Castleknock College , Belvedere College , Gonzaga College and Terenure College . There are also a few fee-charging international schools in Ireland, including a French school,
22120-501: The stigma of being "soft" or "spoiling" toward students. Forms of discipline, such as control over when students may speak, and normalized behaviour, such as raising a hand to speak, are imposed in the name of greater efficiency. Practitioners of critical pedagogy maintain that such disciplinary measures have no positive effect on student learning. Indeed, some argue that disciplinary practices detract from learning, saying that they undermine students' dignity and sense of self-worth –
22278-639: The students who attend. Others use the denomination as a general label to describe what the founders based their belief, while still maintaining a fine distinction between academics and religion. They include parochial schools , a term which is often used to denote Roman Catholic schools. Other religious groups represented in the K–12 private education sector include Protestants, Jews, Muslims, and Orthodox Christians. Many educational alternatives , such as private schools or online schools , are privately financed. Private schools often avoid some state regulations, although in
22436-408: The subject of mathematical methods used in the natural sciences . Neoclassical economics systematically integrated supply and demand as joint determinants of both price and quantity in market equilibrium, influencing the allocation of output and income distribution. It rejected the classical economics' labour theory of value in favour of a marginal utility theory of value on the demand side and
22594-402: The subject or different views among economists. Scottish philosopher Adam Smith (1776) defined what was then called political economy as "an inquiry into the nature and causes of the wealth of nations", in particular as: a branch of the science of a statesman or legislator [with the twofold objectives of providing] a plentiful revenue or subsistence for the people ... [and] to supply
22752-471: The subject": Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Robbins described the definition as not classificatory in "pick[ing] out certain kinds of behaviour" but rather analytical in "focus[ing] attention on a particular aspect of behaviour, the form imposed by the influence of scarcity ." He affirmed that previous economists have usually centred their studies on
22910-826: The subsequent development of the subject. Both groups were associated with the rise of economic nationalism and modern capitalism in Europe. Mercantilism was an economic doctrine that flourished from the 16th to 18th century in a prolific pamphlet literature, whether of merchants or statesmen. It held that a nation's wealth depended on its accumulation of gold and silver. Nations without access to mines could obtain gold and silver from trade only by selling goods abroad and restricting imports other than of gold and silver. The doctrine called for importing inexpensive raw materials to be used in manufacturing goods, which could be exported, and for state regulation to impose protective tariffs on foreign manufactured goods and prohibit manufacturing in
23068-423: The technical purposes, they include "degrees" of the education they provide out of three available: the first – primary, the second – unaccomplished secondary, and the third – accomplished secondary. Usually, the first two degrees of education (eight years) are always included. In contrast, the last one (two years) permits the students to pursue vocational or specialized educations. In North America,
23226-401: The term school can refer to any educational institution at any level and covers all of the following: preschool (for toddlers ), kindergarten , elementary school , middle school (also called intermediate school or junior high school, depending on specific age groups and geographic region), high school (or in some cases senior high school), college, university, and graduate school . In
23384-501: The term school refers primarily to pre-university institutions. In ancient India, schools were in the form of Gurukuls . Gurukuls were traditional Hindu residential learning schools, typically the teacher's house or a monastery. Schools today are commonly known by the Sanskrit terms Vidyashram , Vidyalayam , Vidya Mandir , Vidya Bhavan in India. In southern languages, it is known as Pallikoodam or PaadaSaalai . During
23542-457: The term school usually applies to primary education , with primary schools that last between four and nine years, depending on the country. It also applies to secondary education , with secondary schools often divided between Gymnasiums and vocational schools , which again, depending on country and type of school, educate students for between three and six years. In Germany, students graduating from Grundschule are not allowed to progress into
23700-470: The vast majority of schools being under the ownership of private institutions, a large majority of all their costs, including teachers' salaries, are paid for by the Irish state. Of these private schools, only a very small minority actually charge fees. In 2007, 'The number of schools permitted to charge fees represents 7.6% of the 723 post primary level schools and they cater for 7.1% of the total enrolment.' If
23858-467: The war is not winnable or if the expected costs outweigh the benefits, the deciding actors (assuming they are rational) may never go to war (a decision ) but rather explore other alternatives. Economics cannot be defined as the science that studies wealth, war, crime, education, and any other field economic analysis can be applied to; but, as the science that studies a particular common aspect of each of those subjects (they all use scarce resources to attain
24016-515: The word Oikos , the Greek word from which the word economy derives, was used for issues regarding how to manage a household (which was understood to be the landowner, his family, and his slaves ) rather than to refer to some normative societal system of distribution of resources, which is a more recent phenomenon. Xenophon , the author of the Oeconomicus , is credited by philologues for being
24174-460: The work of Karl Marx . The first volume of Marx's major work, Das Kapital , was published in 1867. Marx focused on the labour theory of value and theory of surplus value . Marx wrote that they were mechanisms used by capital to exploit labour. The labour theory of value held that the value of an exchanged commodity was determined by the labour that went into its production, and the theory of surplus value demonstrated how workers were only paid
24332-457: Was an increase of 20% from a survey five years previously. Thirty-four percent had felt depressed at some point in the past three months, 13 percent had been diagnosed with a mental health condition such as an anxiety disorder or depression, and 9 percent had seriously considered suicide. Schools and their teachers have always been under pressure – for instance, pressure to cover the curriculum, perform well compared to other schools, and avoid
24490-462: Was another culture that developed a school system in the modern sense of the word. Emphasis was put on knowledge, which required a systematic way of teaching and spreading knowledge and purpose-built structures. At first, mosques combined religious performance and learning activities. However, by the 9th century, the madrassa was introduced, a school that was built independently from the mosque, such as al-Qarawiyyin , founded in 859 CE. They were also
24648-421: Was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. The Reverend Thomas Robert Malthus (1798) used the concept of diminishing returns to explain low living standards. Human population , he argued, tended to increase geometrically, outstripping the production of food, which increased arithmetically. The force of
24806-892: Was productive. Smith discusses potential benefits of specialisation by division of labour , including increased labour productivity and gains from trade , whether between town and country or across countries. His "theorem" that "the division of labor is limited by the extent of the market" has been described as the "core of a theory of the functions of firm and industry " and a "fundamental principle of economic organization." To Smith has also been ascribed "the most important substantive proposition in all of economics" and foundation of resource-allocation theory—that, under competition , resource owners (of labour, land, and capital) seek their most profitable uses, resulting in an equal rate of return for all uses in equilibrium (adjusted for apparent differences arising from such factors as training and unemployment). In an argument that includes "one of
24964-437: Was recognised as well as the traditional Keynesian insistence that fiscal policy could also play an influential role in affecting aggregate demand . Methodologically, the synthesis led to a new class of applied models, known as dynamic stochastic general equilibrium or DSGE models, descending from real business cycles models, but extended with several new Keynesian and other features. These models proved useful and influential in
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