The Relation Between Economics With Education in Indonesia and Its Impact on Economical Building

Abstract

The research aims to find the relation between economics with education in Indonesia and its impact on economic building. It is qualitative research by using a theoretical review approach. The data are taken from the Education in Law no. 20 of 2003 concerning the national education system and some theories related to economy and education, then analyzed in the review forms of theory. The result of this research is education, and the economy in Indonesia are two interrelated sides. A strong economy is needed to build the quality of education. Meanwhile, to create a strong economy, educated people are needed. Parents with better economic status tend to provide quality education. One of the ways that can be done to implement education is the government's commitment to budgeting education financing at least 20% of the State Revenue and Expenditure Budget / Regional Revenue and Learning Budget (APBN / APBD). Building the economy builds the economic, social, and moral sectors so that monopoly does not occur. Human capital investment in the form of education will be more profitable than physical investment. It is concluded that a good education will produce people who can drive the economy better.

Factors Influencing Parents’ Awareness of Children’ Education Investment: A Systematic Review

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Let's Explore! The Factor, Reliability, and Validity Analyses of Readiness for a Knowledge-Based Economy Among Undergraduate Students

“…With knowledgebased economy readiness (KKE), undergraduate students are expected to reduce unemployment as they can create their jobs with the knowledge they possess. Also, by preparing for a K-economy, undergraduate students can improve the quality of their human resources (Andrés et al, 2021;Kurniati et al, 2021). In addition, readiness to face economic challenges indicates whether students are ready to face the economy when it comes to their economic knowledge.…”

“…They can solve social and environmental problems because student innovations can also help solve social and environmental problems, such as developing environmentally friendly technologies or solving public health issues. By preparing innovations, students can help create a stronger and more sustainable K-economy in the future (Kurniati et al, 2021;Weiss & Barth, 2019).…”

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