Roland Fryer: Economics of Race and Education (Essay Sample)
Minimum 600-word (approx. 3 page) Paper on Microeconomist of interest to the student
Approval in advance: Economist for Paper must be approved in advance by the Instructor. It must be about: an Economist most of whose work was in Macroeconomics (but NOT Adam Smith), who refers to a principle discussed in this course.
Grading Rubric: in three equal parts (too short Papers will have reduced credit):
1. Paper considerations (33%): Writing ability, over minimum length, knowledge of the topic, grammar & spelling (use a Spellcheck). Use APA or Chicago Style rules.
2. Research (33%): A "Works Cited" page must be included in APA or equal format, with not fewer than three (3) academic-level references, whether online or hardcopy, PLUS a reference to the specific relevant section of the Textbook -- for a total of (4) references -- Wikipedia is NOT acceptable as a reference, NOR ANY dictionary, NOR is a blog, nor general news sites such as Fox News, USA Today, Huffington Post, etc. The Economist is fine, as are The Wall Street Journal, Forbes, Business Week, and other reputable business-oriented publications. "Works Cited" page MUST be included. Simply listing websites is NOT ACCEPTABLE -- they must be identified clearly, stating the writer if known, publication, date, etc, as with any normal reference.
3. Analysis (33%): Topic must be specifically related to one of the economics topics (Competitive Industries, Supply & Demand, Elasticity, Consumer & Supplier Surplus, etc) as studied in our Economics class, WHICH MUST BE IDENTIFIED, using a graph or written description clarifying how the situation or economist in the Paper added to our understanding of this topic.
Roland Fryer: Economics of Race and Education
Roland Fryer: Economics of Race and Education
Roland G Fryer is an African American Economics professor at Harvard University. He specializes in tackling economic issues that plague people of the black race through research projects that revolve around social problems, labor economics and the economics of education. His publications have been significant in addressing the persistent racial inequality in the United States and with an emphasis on the educational and economic opportunities of the minority and the socially disadvantaged. Roland's researches and studies have enabled him to bridge the gap in the racial divide and inequality in the matters of racial and educational economics in the US over the recent years. Ronald's contribution in the economics of race and education has facilitated his successful career because of its contribution in various micro-economic principles, including perfect competition, opportunity cost, supply and demand, competitive industries, and consumer and supplier surplus among others. The essay seeks to examine Roland Fryers efforts in tackling economics of race and education in relation to the micro-economics principle of perfect competition.
Roland Fryer has made significant efforts to influence reforms in the education sector in the US by evaluating policies that would the learning opportunities of the disadvantaged children who are mostly of the African American descent. His studies have been focused on addressing the inequalities in the investments in education among the different races with the government offering more than sufficient assistance to the white dominated institutions. These efforts have seen him implement field experiments across urban school districts in the US in attempts examine education interventions by the government. Roland's efforts have been to solve the inequalities and segregation of the black people by achieving perfect competition where both the white and black students will have equal access to education.
The principle of perfect competition is characterized by a perfect market where the market is at equilibrium and quantity supplied equals quantity demanded and is idealized by various conditions(Henderson, 2016). These idealizing conditions include a market where both the consumers and producers have the perfect information regarding the goods and services, there are no hindrances to entry or exit, a market with many consumers and producers, both in agreement of purchasing and selling the goods and services at a certain price, markets with anti-competitive regulations that ensure fair competition and markets where no participant has the power to determine prices. Roland Fryer believes that the inequalities in education in the US against the African American people is not only because of the social problem of racism that has existed for centuries, but also because the education se
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