EDA915 Education Finance

About this course

Difficulty: Intermediate
Study hours: 20 hours
Maths: Basic
Content: Theoretical
Practical work: No

How it is assessed

Tutor Marked Assignments
Final Examination

What you'll read

The real module and unit structure of EDA915, taken from the course material NOUN publishes.

Module 1 · FOUNDATION FINANCE OF EDUCATION

Module 2 · PERSPECTIVES ON EDUCATION FINANCE

Module 3 · BUDGETING ANALYSIS AND FINANCIAL

Module 4 · FINANCING HUMAN MANAGEMENT IN EDUCATION

One paragraph, so you can see how it reads

EDA915 · UNIT 1 EDUCATION AS AN INVESTMENT

Mincer (1993) observed that the amount of education an individual receives not only affects his earnings, but the quality of his employment as well. He added that educated workers have three advantages relative to less-educated workers, which are as follows.

Start reading Get the original PDF, if you want it

What you should be able to do

Appraise the correlation between education and development.
Identify strategies for education finance from national and international perspectives.
Explain the meaning and concept of budget.
Define education costs and enumerate the types of educational costs.
Explain the concept of Human resources and Human capital.

What it prepares you for

Careers

Educational Administrator
Education Planner
Policy Analyst
School Bursar
Education Consultant

Where it is applied

Government Education Ministries
Educational Institutions
Non-profit Education Organizations
Educational Consulting Firms
International Development Agencies

Where it gets hard

The units students slow down on, and what makes each one heavy.

Module 3: Budgeting and Financial Analysis
Unit 1: Budgeting and Uses
Understanding the nuances of various budgeting types requires practical application and comparative analysis.
Module 4: Financing Human Management in Education
Unit 3: Education Finance and Economic Welfare of Personnel
The interrelation of economic welfare and educational finance requires critical thinking and a grasp of economic principles.

A suggested way through it

Suggested

13 weeks, about 30 hours in total. Yours will differ.

Week 1Module 1: Foundation of Education Finance
- Unit 1: Education as an Investment · 2 hours
  Read Unit 1: Understand the correlation between education and development.. Identify private and public returns on educational investment.. Complete Self-Assessment Exercise 1..
Week 2Module 1: Foundation of Education Finance
- Unit 2: Conceptual Issues in Education Finance · 2 hours
  Define basic concepts in education finance.. State reasons for government involvement in funding education.. Complete Self-Assessment Exercise 1..
Week 3Module 1: Foundation of Education Finance
- Unit 3: Concept of Education Finance · 2 hours
  Classify educational finance.. Identify constraints to education finance in Nigeria.. Complete Self-Assessment Exercise 1..
Week 4Module 1: Foundation of Education Finance
- Unit 4: Historical Perspectives of Education Finance in Nigeria · 2 hours
  State the difference between colonial and post-colonial education policies.. Identify landmarks in policy direction and their impact on education financing.. Complete Self-Assessment Exercise 1..
Week 5Module 2: Perspectives on Education Finance
- Unit 1: Sources of Education Finance in Nigeria · 2 hours
  Identify different sources of educational finance in Nigeria.. Outline various methods of educational financing.. Complete Self-Assessment Exercise 1..
Week 6Module 2: Perspectives on Education Finance
- Unit 2: Role of Nongovernmental Organisations and Foundations in Education Finance · 2 hours
  State the evolution of education development projects.. List important aid agencies and their scope of operations.. Complete Self-Assessment Exercise 1..
Week 7Module 2: Perspectives on Education Finance
- Unit 3: International Development Agencies and Education Finance · 2 hours
  Define an international development agency.. Identify different international development agencies.. Complete Self-Assessment Exercise 1..
Week 8Module 2: Perspectives on Education Finance
- Unit 4: Education Finance in Selected Developed Countries · 2 hours
  Identify the percentage of total budget committed to education in selected countries.. State the sources of educational finance in these countries.. Complete Self-Assessment Exercise 1..
Week 9Module 3: Budgeting and Financial Analysis
- Unit 1: Budgeting and Uses · 2 hours
  Explain the meaning and concept of budget.. Identify the various types of budget.. Complete Self-Assessment Exercise 1..
Week 10Module 3: Budgeting and Financial Analysis
- Unit 2: Education Cost and Financial Analysis · 2 hours
  Define education costs.. Discuss the concept of educational costs.. Complete Self-Assessment Exercise 1..
Week 11Module 3: Budgeting and Financial Analysis
- Unit 3: Management of Financial Resources · 2 hours
  Explain the concept of resources in education.. Discuss the various types of resources in education.. Complete Self-Assessment Exercise 1..
Week 12Module 4: Financing Human Management in Education
- Unit 1: Human Resources and Human Capital · 2 hours
  Explain the concept of Human resources and Human capital.. Explain the classification of labour force.. Complete Self-Assessment Exercise 1..
- Unit 2: Resource Allocation in Education · 2 hours
  Discuss in details, the concept of resource allocation in education.. Explain the types and relevance of educational resources.. Complete Self-Assessment Exercise 1..
Week 13Module 4: Financing Human Management in Education
- Unit 3: Education Finance and Economic Welfare of Personnel · 2 hours
  Explain the Concept of Marginal Productivity.. Discuss the factors that affect earning differentials.. Complete Self-Assessment Exercise 1..
- Unit 5: Measures for Reducing Unit Costs of Education and other Uses of Cost Analysis in Education · 2 hours
  Explain the concept of cost-reduction in education.. Discuss the uses of cost analysis in education.. Complete Self-Assessment Exercise 1..

Preparing for the exam

What to do

Create a detailed study schedule, allocating specific time slots for each unit, focusing on understanding key concepts and theories.
Practice applying cost analysis techniques to real-world education scenarios, such as calculating unit costs or evaluating budget proposals.
Develop concept maps linking educational finance concepts with economic development principles to reinforce understanding of interrelationships.
Review all Tutor-Marked Assignments (TMAs) and their feedback, identifying areas of weakness and focusing on improving understanding.
Focus on understanding the historical perspectives of education finance in Nigeria and how policies have evolved over time.
Prepare summaries of key concepts, formulas, and case studies to aid in quick recall during the examination.

Questions students ask about this course

What is EDA915 about?

This course provides a comprehensive exploration of education finance, covering key areas such as investment in education, conceptual issues, and national and international perspectives. It examines budgetary allocation, resource management, and appraisal techniques across various educational levels. Students will gain an understanding of resource mobilization strategies, cost analysis, and the role of governmental and non-governmental organizations in education finance, with a focus on both Nigerian and developed economies.

How many units does EDA915 have?

EDA915, Education Finance, has 17 units across 4 modules, over 216 pages of course material. You can read it one unit at a time.

Is EDA915 hard?

EDA915 is rated intermediate level, with basic mathematical content. It is mostly theoretical work.

How long does EDA915 take to study?

About 20 hours of study, spread across its 17 units.

How is EDA915 assessed?

EDA915 is assessed by Tutor Marked Assignments and Final Examination.

What can I do with EDA915?

Educational Administrator, Education Planner, Policy Analyst, School Bursar and Education Consultant.