• Prepare a brief paragraph on the impact of Sputnik and “A Nation at Risk’ on public education (  treat separately ).
• Expound on the statement that education is an investment in “Human Capital”
• What vehicle is used to transfer private sector profits to the public sector?
• Provide a brief definition of the following:
  • Equity
  • Equality
  • Cost-benefit
  • Cost-quality

• Define and explain the impact of “Marginal Dollar Principal” and “Point of Diminishing Returns” on the financing of public education.
• In what way is the U.S. a world leader in public education? In what way are we not?
• What are the elements of an economic good? In what way is education unique?
• What are a few of the non-economic benefits of public education?

Assignment 2

• School expenditures are constantly increasing. What past and current factors have driven costs up?
• What economic impact does the lack of education pose on the individual and society as a whole?

Assignment 3

• Provide a brief overview regarding equity in the financing of public education as it relates to:
  • The varying needs of students
  • At the school level (school comparison)
  • For taxpayers

• Briefly explain the statement “Fairness of taxation is increased when more kinds of wealth are included”.
• Trace the history of educational funding from it’s inception to present. There are 4 to 5 identifiable eras depending on the author.( Found in ch