Letters in Economic Research Updates
Relevance to the Introduction of E- Learning on Higher Education of Bangladesh: An Experience from the Educational Cost of COVID-19
Abstract
Sajib Dey, Md. Gias Uddin Khan and Md. Mahbubul Hakim
The great lockdown caused by the current COVID-19 pandemic has significant consequences on the global Higher Education (HE) sector. The present study calculates the economic costs of HE during Covid-19 in Bangladesh which includes both students’ individual loss and institutional cost. Following the Trimmed Mean Method (TMM), the study used a purposive random sample survey conducted on 105 students enrolled in HE in different categories of institutions to identify the students’ individual cost during this pandemic. The institutional cost of HE is analyzed through breaking down the budget allocated in the education sector in Bangladesh and reviewing the literatures. Finally, the net loss in HE is calculated by removing the cost of the students continuing their study through online from the total cost of Higher education which sums up the institutional and students’ individual costs. The result indicates that Bangladesh experiences a huge economic cost due to this pandemic. The findings of the study might be helpful for the policymakers to frame effective education policies during the pandemic like COVID-19.