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(Department of EPPSL)
Dear Students,
Assalam-o-Alaikum,
I take this opportunity to welcome you in EPM-6565 course title “Economics and
Financing of Education-I” in the current semester. I hope you will find the material for this
course useful, informative and interesting. The course has been developed considering the
needs of society and the nation. It consists of four assignments. Topic for fifth assignment
will be despatched to you along with the workshop invitation letter. Only the students who
have completed all the four assignments and got 40% marks at the minimum will be eligible
to participate in the workshop.
Please check your packet with the content list. If anything is missing please write to
the Incharge Mailing (MA EPM Section), Services Block, Allama Iqbal Open University,
Islamabad.
Yours sincerely,
1
ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD
(Department of EPPSL)
WARNING
1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING
THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD
OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.
2. SUBMITTING ASSIGNMENTS BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.
ASSIGNMENT No. 1
Total Marks: 100 Pass Marks: 40
Units: (1–5)
Note: All questions carry equal marks.
Q.1 Briefly describe the economic value of education in detail. Give example for brief
description. (20)
Q.3 How do the economic factors influence the private costs and benefits of education
on students for non-compulsory education? (20)
Q.4 Critically review the problems and limitations of the social rate of return as a guide
to policy makers. (20)
2
Q.5 What is the manpower forecasting? Critically review the manpower requirement
approach to educational planning and its assumptions. (20)
ASSIGNMENT No. 2
Total Marks: 100 Pass Marks: 40
Units: (6–9)
Q.1 What is educational output? Differentiate between the problems of the measuring
output in schools and in higher education. (20)
Q.4 Critically review the technique and approaches used for the appraisal of
educational Projects in Pakistan. (20)