What are some examples of cost-benefit analysis in education?

What are some examples of cost-benefit analysis in education?

Cost-benefit analysis in education evaluates the financial and social returns of educational programs. For example, analyzing the costs of implementing a new curriculum against the expected improvements in student performance.

Can you give me a specific case study?

Sure! One case study is the evaluation of a tutoring program in a school district. The costs included hiring tutors and materials, while the benefits were measured in terms of improved test scores and graduation rates.

How do you measure the benefits?

Benefits can be measured through various metrics, such as increased student performance, higher graduation rates, and long-term economic impacts on students' future earnings.

What challenges are there in conducting a cost-benefit analysis?

Challenges include accurately estimating costs and benefits, accounting for intangible benefits like student well-being, and ensuring data reliability.