Determination of the Basic Terms

Education is the basic condition for social development. Education is responsible for the integration of an individual’s personality, the cultivation of moral values and the acquisition of knowledge. The prosperity of the education sector relies on the proper organization and performance of educational organizations, the proper management of human resources and the efficiency of educational systems. The first chapter presents all the basic elements related to educational management as well as economic concepts that will help to understand the economics of education. In this first chapter, it is evident that the management and economics of education are not two separate sciences but are complementary. This chapter: