Economics for Business Equity and Marketisation

Question: Discuss about theEconomics for Business for Equity and Marketisation. Answer: The importance of the education sector in Australia cannot be overstated. It comes as no new fact that the education sector of Australia plays an important role, as apart from serving the Australian students, the country has come to be known for offering a great variety of study options to the international students as well. Australia being a center of education for so many students, the Australian government has been introducing a variety of reforms to ensure the bright future of the students studying in Australia. From establishing different training packages, to funding the education of the less privileged students, the Australian education industry has come a long way in the last few years (Sullivan et al. 2013). Education plays an important role in the economy of the Australian government, as Australia is slowly emerging as an important destination for the international students, who contribute an average of $ 15.6 per year. Keeping in consideration, the higher demand of skilled education, the Australian government has been introducing various reforms to help the students become industry ready, and to equip them with the necessary professional skills as well (Savage et al. 2013). The Australian government plays an important role in the school education sector of the country. The government has introduced the Students First Package of reforms, which focuses on four important factors, to ensure the growth of high quality education in the schools: Improvement in the quality of the teacher Engagement of the parents in the academic matters Autonomy of the schools Strengthening the Australian curriculum Besides, based on the Melbourne Declaration on Educational Goals for Young Australians, the Australian government has aimed to achieve the equity and excellence in terms of the education delivered to the school students of Australia (Zajda 2013). The Australian government helps in the achievement of this goal, buy finding the government as well as non-government schools of Australia. Besides, the Council of Australian Government, Early Childhood Development Committee are some of the advisory bodies, which supervise, and make the necessary recommendations on the school education sector of Australia. Australia has also introduced Australias Aid Program and Education for All, whereby the country has shown its commitment to create an all-inclusive approach to the issue of education, so that every child and each youth can get access to high quality education. The aid policy of the Australian government has made a commendable change as during the year of 2013-14, the policy has helped 1.4 million children to gain admission in different government schools. With the admission of new education, were also introduced highly qualified and professionally trained 100000 new teachers, and 450 Australian scholarships (Zink 2014). Vocational Education and Training ( VET) system has been introduced by the Australian government. Since 1960 the VET policy has been in vogue in Australia, and yet it has undergone much radical changes in the last few years. The VET system is governed jointly by the government and the independent bodies. The aim of the VET is to assist the students earn sufficient skill, knowledge, expertise and competency required to be employed in a professional field (Hill et al. 2016). Further, it has also been observed that a huge number of immigrants coming to Australia for the completion of studies,are unable to communicate fluently in English. Hence, the VET sector also caters to the needs of the communication skill needs of the indigenous and immigrant section of the population as well. The VET organization helps the students become industry-ready, and enhance their employability skills, and as such around 1.7 million students got enrolled in the public VET system, as opposed to a mere 9,50, 000 students in the Australian universities in the year 2007. VET is largely funded by the Australian government, and the state and tertiary government of Australia that enables the Australian students get government subsidies, for the completion of short duration technical courses, such as cabinet marketing, mortuary studies, fashion designing, and many more (Stehlic 2013). The Australian government also pays sufficient attention to the quality of the professional training imparted to the Australian students; hence, the trainers firstrequireto comply with the national set of compliance standards of the Australian Quality Training Framework, before their service as trainers is approved by the government. The establishment of the Australian Industry and Skills Committee (AISC), was another important reformatory step undertaken by the Australian government. Established in the year 2015, the committee consists of some of the great industrial leaders of Australia, who are responsible for providing guidance and leadership to the VET system (Li and Powdthavee 2015). The Bradley Review committee was established in 2007, that based on its findings, reported that the students from low-socio economic classesare not being encouraged enough to pursue higher education, due to lack of money. Hence, in the year 2009, the Australian government responded to the review co mmittee, by introducing educational reforms according to which the government will be responsible for providing subsidies to the students pursuing tertiary education in Australia. The federal government of Australia has endorsed the policy of the Australian students entitlement to tertiary education. A student accordingly receives guaranteed funding assistance from the Australian government for the pursuit of higher education. The students can also gain easy access to the income contingent loans offered by the government (Mathews 2013). Needless to say the Australian government has gone a long way in achieving high quality education, with the help of the introduction of significant educational reforms and policies. However, as the Melbourne Declaration also noted, there is an increasing need for the government to improve the educational condition of the Aboriginal population of the Torres Strait, as these students from the low socio-economic backgrounds do not enjoy an equitable access to the educational resources. Again, although the Australian students are expected to enjoy the right to government funds for the completion of higher education, the entitlement policy currently applies to a limited number of institutions. Similarly, some VET diplomas are funded by the government in some limited states of Australia, and not in all states. Thus, there is an increasing inequitable distribution of education, which must be taken care of by the government. Reference List: Hill, D., Hill, T. and Perlitz, L., 2016.Vocational Training and Assessment: A Blended Learning Package for TAE Certificate IV. McGraw-Hill Education Australia. Li, J. Powdthavee, N. 2015, "Does more education lead to better health habits? Evidence from the school reforms in Australia",Social Science Medicine,vol. 127, pp. 83-91. Matthews, J. 2013;2012;, "The educational imagination and the sociology of education in Australia",The Australian Educational Researcher,vol. 40, no. 2, pp. 155-171 Savage, G.C., Sellar, S. and Gorur, R., 2013. Equity and marketisation: Emerging policies and practices in Australian education.Discourse: Studies in the Cultural Politics of Education,34(2), pp.161-169. Stehlik, T., 2016.Teaching in the VET sector in Australia [Book Review].Australian Journal of Adult Learning,56(1), p.131. Sullivan, P., Jorgensen, R., Boaler, J. Lerman, S. 2013, "Transposing reform pedagogy into new contexts: complex instruction in remote Australia",Mathematics Education Research Journal,vol. 25, no. 1, pp. 173-184. Zajda, J., 2013. Globalisation and neo-liberalism as educational policy in Australia.Neo-liberal Educational Reforms: A Critical Analysis,107, p.164. Zink, R. 2014, "John Dewey and education outdoors: Making sense of the 'educational situation' through more than a century of progressive reforms: Quay, J., Seaman, J. John Dewey and education outdoors: Making sense of the 'educational situation' through more than a century of progressive reforms. The Netherlands: Sense Publishers",Australian Journal of Outdoor Education,vol. 17, no. 2, pp. 54.