Basically there are two branches of economics of education.
1. Micro-economics of education: this is a branch that deals with particular parts and
aspects of education for example the cost function in education, the production function,
the efficiency and effectiveness in education etc.
2. Macro-economics of education: this is a branch that deals with the broad issues in
education and economic development, education and population growth, education and
nutrition, education and fertility.
NatalieR answered the question on June 17, 2022 at 11:04