1.The debate over the appropriate role of government in education began centuries ago and continues unabated to date. Explain briefly some of the arguments for and against government's role in education.

2. Regarding the economics of education, explain some of the rudimentary notions about the theoretical basis of benefit-cost techniques and the use of optimal investment decision strategies.

3. Using a simple Cobb-Douglas production function, explain the importance of human capital accumulation in economic growth. Please be clear on how human capital accumulation takes place.

4. (a). Explain the benefits and costs of education.

(b). Explain some of the different methods that have been used to determine the quantitative significance of the benefits of education.