Cost Benefit Analysis

Introduction

Education systems in the world differ, but the common ones are the year-round schools and traditional schools. Year round schools recognize education systems in which the calendar period provide continuous learning without extensive breaks. Traditional schools provide longer extensive breaks. In determining which one has economic value, cost benefits analysis would be used. Cost benefits analysis provides a framework for determining the better options such as is year round schools are better than traditional schools. The paper reviews these two types of school systems. The paper starts with year round school discussing it benefits followed by the costs. The paper then discusses traditional schools analyzing its benefits and costs; it then discusses the opportunity costs and concludes with the recommendation of appropriate schooling system.

Benefits of Year Round School

Year round schooling is important because shorter breaks would not affect the way students learn due to prevention of summer learning loss. Simmer learning loss is when the students forget information what was taught. With a year round schooling, students will not require intervention programs. In addition, the students will have longer instructional time and increase academic skills because they will not be able to forget what was taught in the previous semester or learning period.

In all year round school, budgets and other resource-based requirements are managed effectively. Remediation classes would not be required to address forgetfulness or summer programs. Savings would be made whereby summer school local budgets are decreased and also decreasing of retention costs such as those of teachers. Economically, it is an appropriate strategy to ensure the institutions utilize the resources efficiently. Moreover, families requiring childcare would not require these programs because the requirements of the students are fulfilling gathered at the institution.

Regeneration and recreation of both the students and teachers would be arranged easily. Parents can arrange and schedule family vacations since the vacation time is evenly distributed across academic calendar year. The teachers would also have the time to refresh. Moreover, the times timer is saved since students would still remember what was taught and hence efficiency in the teaching program. It will also standardize learning around the world because most countries employ year round schooling.

Costs of Year Round School

Budgets and staffing requirements affect the way schools are managed. Teachers and labor laws have defined how employees should operate, and numerous acts exist that can affect the teaching process. Extended school programs require additional resources that include a competitive wage, which governments are unable to manage over time and difficult to retain quality teachers. In addition, it is difficult to make it viable making teaching as a full-time approach. The cumulative resources and staffing become difficult to manage in the round year school system.

Lack of recreation and free time would affect the attention of some students. It may be attributed to age or disability and longer periods in school would adversary negate the learning process. Longer period in school would also contribute to behavioral issues in the school and also in the class settings. The school activities that include extra curriculum would be affected because of the nature of the calendar. These problems would greatly affect the learning process of the student and other staff within the institution.

The parents and students are also affected because of allocation of programs and activities. Some parents have to multi-track programs to adhere to different schedules while some students work during the long holidays to afford schooling system. These groups of people would be affected immensely, and some of the students may be unable to attend schooling because of lack of funding.

Benefits of Traditional School

Traditional schools provide long periods where students and teachers can rest. The recreation period is enough to enable the students and teachers to relax. The period also allows the teachers and students to plan for future learning strategies.

Teachers can be paid part time meaning that costs would decrease rather than taking teaching as fulltime activity. The schools will have time to be managed and maintained not like other instances where school is year round.

The students and teachers will be able to rearrange finances. The students would attend vocational and part-time employments to raise funding for school. In addition, the teachers may use the time to improve skills and knowledge from vocational training and learning. Both the students and learners would benefit from both arrangements.

Costs of Option B

The schools are closed for longer. The learners would easily forget what they were taught and learned. It would force the teachers to refresh the students, which would cost additional time for the students and teachers.

Budgets would be affected because the parents would be required to raise funds. The funds used for vocational teaching including the support that the children will receive from childcare centers.

Resources will be wasted because the schools would remain closed. For example, if schools are closed for three months, the structures would wear out. Moreover, some important people such as head teachers will be paid for services not rendered.

Opportunity Cost

The opportunity cost is the budgets, resource allocation and ability of the students to accomplish stated tasks. For example, budgets are two ways whereby students have to work to generate income while parents have to do additional compensation for child care.

Decision and Conclusion

The most economical approach is year-round school system. It will allow effective budgeting based on institutional requirements. Redundancy and loss of knowledge due to long holidays would be avoided, and teachers would become more effective.