ECONOMIC ASPECTS OF THE DEVELOPMENT OF VOCATIONAL EDUCATION IN THE REGION

Abstract

This article examines specific economic aspects of vocational education development in the region, using the Karachay-Cherkess Republic as an example. Building an effective vocational education system is crucial for the region's socioeconomic development, as it generates factors that enhance the quality of available human capital, both through internal sources and by attracting intellectual resources from other regions. A fundamental element of the functioning of the vocational education system is its economic component, which is reflected in tuition fees, the financial stability of educational institutions, adequate salaries for faculty, and a number of other indicators. The author substantiates the relevance of developing the vocational education system in the region, emphasizing the importance of the economic component. She analyzes key performance indicators of the vocational education system in the Karachay-Cherkess Republic. She also assesses specific economic aspects of the vocational education system in the Karachay-Cherkess Republic, assessing the average cost of tuition for secondary and higher vocational education, changes in the structure of fee-paying and state-funded places in specialized organizations, and the dynamics of the comparative index of average salaries for faculty members. The results of this analytical assessment provide an information base for improving the economic security management of republican vocational education organizations and optimizing the accessibility of education options for various social groups.