DATE: July, 2025
TIME: 1 HOUR
INSTRUCTIONS: ANSWER ALL QUESTIONS
1. a) Define the following terms as used in economics of education. (6 Marks)
i) Investment.
ii) Demand for education.
iii) Consumption.
b) Briefly explain six major ways of financing secondary education in Kenya. (6 Marks)
c) Suggest any four measures that may be taken to reduce educated unemployment in Kenya. (4 Marks)
d) Explain four roles of educational planning. (4 Marks)
e) Mention five factors that influence the supply of education. (5 Marks)
f) List four methods of evaluating efficiency in education. (4 Marks)
g) List three social costs of education. (3 Marks)
Answer (2)
This answer defines key economic terms related to education, outlines financing methods for secondary education in Kenya, suggests measures to mitigate educated unemployment, discusses educational planning roles, identifies factors influencing education supply, evaluates efficiency in education, and highlights social costs associated with education.
;
This answer provides definitions of key economic terms in the education sector, outlines financial mechanisms for secondary education in Kenya, suggests measures to combat educated unemployment, discusses roles of educational planning, factors affecting educational supply, methods for efficiency evaluation, and highlights social costs of education. ;
