Assignment 2: The Externalities of EducationDue Week 6 and worth 120 pointsWrite a 2-3 page paper in...

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Assignment 2: The Externalities of Education Due Week 6 and worth 120 points Write a 2-3 page paper in which you: Identify and discuss three (3) externalities (positive or negative) of public...

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Assignment 2: The Externalities of Education
Due Week 6 and worth 120 points
Write a 2-3 page paper in which you:

Identify and discuss three (3) externalities (positive or negative) of public education.
Craft a short 1-2 paragraph argument in support of or against the existence of public K-12 school systems versus a purely private K-12 schooling system based on your analysis.

Your assignment must:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific Course Learning Outcomes associated with this assignment are:

Use economic analysis to describe the social costs and benefits of government and public policy choices.
Identify the relationship between economic activity and the resources available in a society.
Use technology and information resources to research economic problems and issues.
Write clearly and concisely about economic problems and issues using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.

Points: 120	Assignment 2: The Externalities of Education
Criteria	Unacceptable (Below 60% F)	Meets Minimum Expectations (60-69% D)	Fair (70-79% C)	Proficient (80-89% B)	Exemplary (90-100% A)
1. Identify and discuss three (3) externalities (positive or negative) of public education. Weight: 45%	Did not submit or incompletely identified and discussed three (3) externalities (positive or negative) of public education.	Insufficiently identified and discussed three (3) externalities (positive or negative) of public education.	Partially identified and discussed three (3) externalities (positive or negative) of public education.	Satisfactorily identified and discussed three (3) externalities (positive or negative) of public education.	Thoroughly identified and discussed three (3) externalities (positive or negative) of public education.
2. Craft a short 1-2 paragraph argument in support of or against the existence of public K-12 school systems versus a purely private K-12 schooling system based on your analysis. Weight: 45%	Did not submit or incompletely crafted a short 1-2 paragraph argument in support of or against the existence of public K-12 school systems versus a purely private K-12 schooling system based on your analysis.	Insufficiently crafted a short 1-2 paragraph argument in support of or against the existence of public K-12 school systems versus a purely private K-12 schooling system based on your analysis.	Partially crafted a short 1-2 paragraph argument in support of or against the existence of public K-12 school systems versus a purely private K-12 schooling system based on your analysis.	Satisfactorily crafted a short 1-2 paragraph argument in support of or against the existence of public K-12 school systems versus a purely private K-12 schooling system based on your analysis.	Thoroughly crafted a short 1-2 paragraph argument in support of or against the existence of public K-12 school systems versus a purely private K-12 schooling system based on your analysis.
3. Clarity and writing mechanics. Weight: 10%	More than 8 errors present	7-8 errors present	5-6 errors present	3-4 errors present	0-2 errors present

005_omvma5o-foql31eh.docx

Answered Same Day Dec 23, 2021

Robert · Accepted Answer

The Externalities of Education 
 An externality is the impact of one person’s action on the well being of a bystander. If 
the impact is beneficial to the bystander, it is called positive externality. In the presence of 
externalities, society’s interest in a market outcome extends beyond the well being of buyers 
and sellers in the market. Education provides various positive externalities because it creates 
knowledge that the other people can use. Because the consumers and producers of education 
cannot capture the full benefit of their action, they tend to devote too few resources to 
education. The federal government addresses this problem through public funding. Large 
scale investment in public education will lead to technological progress and technological 
progress is the key to why living standards rise from generation to generation.  
 Universal education helps a country to reap the benefit which arises from the 
technological advancement at the world level. It is necessary to have adequately educated 
human capital stock to achieve a sustainable economic growth. Universal schooling system 
helps the countries and societies to achieve its full human potential. The fundamental key to 
the development process of any country is the accumulation of productive and efficient 
human capitals which are made available by a well developed education system. Thus 
education helps in achieving full potential of economic development of a nation and all 
people will benefit from when a nation develops further.

Assignment 2: The Externalities of Education Due Week 6 and worth 120 points Write a 2-3 page paper in which you: Identify and discuss three (3) externalities (positive or negative) of public...

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