What is human capital? Discuss.

  What is human capital? Discuss. Topic 4 question: Human Capital Theory I - Define HC: slide 5 & 6 Describe those settings to acquire HC, like formal education and others I - Briefly highlight difierent types of Human Capital like intellectual capital and others I - Highlight that I-_IC brings ahout higher productivity of a worker. I - To be educated 15 an act of investment: this needs cost-benefit analysrs here. III - Define NP" (Write out the fornmla if needed) Discuss on decision rules of NPV: to accept or reject a project I Comments on Stude as answers: I - Most students did well in this question However, most students did not mention the settings to acquire HC I - Most students "forgot" to mention different types of human capital too Some students did not get the formulas right Not needed to drawthe fanciful HC Investment Curve assome ofyou did it here.