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Effect of the Pandemic on the Education Economy

Alexey S. Tishchenko – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia), PhD in economics. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In relation to the coronavirus pandemic in Russia, restrictions have been imposed on the movement and employment of the population, the activities of organizations, including those working in the sector of education. The article explores the effect of such measures on the Russian education system. Financial risks of various types of educational organizations, including preschool, school, professional educational organizations, universities, and organizations of additional education, were assessed. In addition, attention is paid to the financing of commercial organizations, distance education technologies and the admission of foreign students.

Conclusions are made about the financial stability of educational organizations under restrictions as of mid-April 2020. The most vulnerable organizations were preschool and additional education, primarily related to the private sector. Based on the analysis of official statistics carried out an assessment of the potential losses of such organizations.

Key words: economics, education, coronavirus pandemic, loss assessment, systemic risks, distance learning.