Annals of the University of Oradea: Economic Science (Dec 2020)
EDUCATIONAL RESOURCES AND THE INVESMENT IN HUMAN CAPITAL IN PRE-UNIVERSITARY STUDIES
Abstract
The purpose of this research paper is to address the need to finance Romanian education considering the changes that have occurred or are about to take place in this field, both in terms of providers and beneficiaries of educational services, as well as in terms of the content and material basis inherent in the teaching of new content and teaching methods. Highlighting the changes and linking them to the costs they entail, reveals the need to rethink educational policies regarding a new funding model focused on spending targets and expected results. Investment in human capital is identified as economic value for individuals, institutions and society. The effects of these investments produce global economic mechanisms. The human capital theory extends the concept of capital, starting from the education-qualification, skills-earnings relationship. Expenditure on formal education, adult education, education services in various areas that help individuals to get into the labor market is considered an investment in human capital.
