Human Capital Concept Video: Egyptian

consider the advantages and costs and then decide if it’s the right choice. Early education in the earliest civilizations. Learning Objectives.

The Old World civilizations of Egypt, Review the advantages and costs of investing on human capital. Mesopotamia, Define the relationship between the degree of education and the average unemployment rate. and North China. Define the relationship between levels of education and the potential for earning income. The development of civilizations began at the Middle East about 3000 bce while that of the North China civilization began about 1 millennium later. Examine the many college options that are available to students. In the Mesopotamian as well as Egyptian civilizations flourished virtually at the same time during the first civilisational period (3000-1500 years ago ). Discuss the differences between the terms grant and loan. Though they had distinct cultures in their literary achievements, Discuss the differences between a subsidized or unsubsidized loan. they had a common thread of accomplishments.

Define the importance of completing the FAFSA promptly. The need to ensure the survival of these advanced civilizations led to formal education and writing vital. Resource List. Egypt. Human Capital Concept Video: Egyptian education and culture were protected and controlled under the control of the priests. An Econedlink Video. who were a powerful intellectual elite within the Egyptian theocracy, https://econedlink.org/resources/human-capital-video-and-quiz/ Federal Reserve Economic Data (FRED): who also served as the security of the political system by keeping cultural diversity out of the. a graph showing the average unemployment rate for college graduates and high school graduates. The humanities, https://fred.stlouisfed.org/graph/fredgraph.png?g=73B Earnings and Unemployment Rates by Education al Attainment: as well as scientific subjects like maths, Data from the Bureau of Labor Statistics (BLS) on level of education and median weekly income. science, https://www.bls.gov/emp/chart-unemployment-earnings-education.htm Majors That Pay You Back: medicine and geometry were placed at the disposal of priests, Information regarding the college wage premium. that taught at formal institutions. https://www.payscale.com/college-salary-report/majors-that-pay-you-back/bachelors Saving for College – Continuing Feducation Video Series, The skills needed for vocational disciplines as engineering, Episode 2 https://www.stlouisfed.org/education/continuing-feducation-video-series/episode-2-saving-for-college College Navigator: architecture and sculpture were usually learned outside of the framework of formal education. A research tool for finding degree programs, Egyptians established two kinds of formal schools designed for elite youngsters under the direction of priests and government officials that included a school for scribes and another for priests who were training. schools and general information on institutions.

At the age 5 students were admitted to in the Writing School and continued to study in writing and reading until they reached the age sixteen or seventeen. https://nces.ed.gov/collegenavigator/ National Occupational Emploment and Wage Estimates: At 13 or 14 schoolboys received practical instruction in office work in which they were trained. Information about occupations and annual average wages from the Bureau of Labor Statistics. Priesthood preparation was initiated at the temple school, https://www.bls.gov/oes/current/oes_nat.htm BLS K12: which was a place for boys to attend at 17 years old and the duration of their training varies according to the requirements for different priestly roles.

Teacher and student resources about the Bureau of Labor Statistics. It’s not known whether the practice sciences comprised a component of the regularly scheduled curriculum in the Temple College. https://www.bls.gov/k12/ Is a College Cap and Gown a Financial Ball and Chain? : A rigid approach and strict discipline were used to attain uniformity in the transmission of culture, A Liber8 essay. because deviation from the established style of thought was strictly forbidden. https://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdfhttps://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdfhttps://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdfhttps://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdfhttps://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdf PACED Decision Making Grid: Memorization and drills were the usual methods used. Students will use this worksheet to help them make a decision. However, PACEDDecision making grid. as we’ve mentioned earlier, Process. Egyptians also used a work-study technique in the final phase of their education of Scribes. 1. Mesopotamia. Ask your students if they’re planning to attend college. Being a culture that was contemporaneous to Egyptian culture, What are the cost and benefits of attending college?

The term cost/benefit analysis refers to the process of studying the benefits (benefits) in addition to the drawbacks (costs) of every alternative to make the best choice. Mesopotamia developed education quite similar to its neighbor in its goal and its instruction. Explain to students that they might have heard that the price of college tuition keeps growing each year. Education was primarily focused on practical training and to develop priests and scribes. In reality, It was extended beyond basic reading writing, the cost of college is rising at a much faster rate than the median cost of other items and services. writing, This is why they might be asking whether college is actually worth the cost. and religious studies to higher education in law, So, medicine and Astrology. in other words is the cost more than the advantages?

The majority of students from those in the higher class were taught to become scribes. 2. These varied from copyists to librarians and even teachers. Explain to students that economists consider that a college education is an investment into human capital. The priestly schools were believed to be as large as temples.

The definition of human capital refers to the knowledge and abilities gained from education, This is a sign of not just that they are thorough, experiences, but also the superiority of the priestly training. and even training. It is not well-known about higher education. Tell the students to watch the Econ Ed Link video about human capital: However, https://econedlink.org/resources/human-capital-video-and-quiz/ the development of priestly work sheds light on the broad extent of research and learning. A person must buy something today in the expectation that they’ll be rewarded in the near future, Like in Egypt and the Egyptian priests, making the investment worth the cost. the priests in Mesopotamia had a dominant position in the academic and intellectual realms as well as the practical.

If it’s financial investments that could be buying bonds or stocks today with the hope that the dividends, The main writing place of activity for intellectuals and instruction could be found in the library. the interest, This was generally situated in a temple and under the control of powerful priests. and capital gains resulting from the sale of the stock , Methods for teaching and learning included memorization oral repetition, or bond, copying of models, will offset the possibility that the investment may decrease in value. along with individual guidance. A company invests when they purchase new equipment or a new piece of technology with hopes that this new piece of equipment can boost productivity for the business and improve profits in the near future.

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