Impact of Development of Technology on Education: Key Micro and Macro Economies of Australia

Muhammad Asghar Khan

Abstract


The purpose of this paper was to discuss and examine the impact of development of technology on education in key micro and macro economies of Australia. Research for this paper included application of micro and macro economics concepts, presentation of facts that are collected from different sources as well as deeper analysis of the changes in micro and macro economies of Australia caused by technological changes in education supported by a range of other scholarly articles.

 

The paper provides advantages and disadvantages of development of technology on education as well as impact of technology on education in key micro and macro economies of Australia. Based on the analysis, the education industry in general is benefitted by development of technology caused by increasing access to information and flexible study schedule through e-learning. The paper then moved into micro and macro analysis of the impact technology has on education.  The key factors in micro economics that were discussed are long run demand and supply, labour demand and supply, resistance to change and effect on universities and the environment. In macro economics, the key factors that were discussed are increased access to education in the country, decrease in structural unemployment rate, decreased demand for Australian academics, increased level of global competition and decrease in GDP as well as increase in information asymmetry.

 

The paper provides detailed analysis on the impact of technological development on key micro and macro economies. In general, this paper suggests that as the inevitable development of technology in education will have both positive and negative effects on Australian economies, the key challenge is in managing the development by minimising its negative impacts and nourishing the positive impacts

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References


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DOI: http://dx.doi.org/10.22555/pjets.v6i1.1141

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Chief Editor

Prof. Dr. Tariq Rahim Soomro 
Dean
College of Computer Science & Information Systems

Editor

Dr. Muhammad Mansoor Alam
 Professor and Associate Dean
 College of Computer Science & Information Systems

Associate Editors

Engr. Syed Mubashir Ali
Senior Lecturer & Course Coordinator
College of Computer Science & Information Systems

Publication Coordinator
Humaira Kanwal

Editorial Advisory Board (Internal)

Dr. Syed Irfan Hyder
Dr. S.M. Aqil Burney
Dr. Ejaz Ahmed
Dr. Mohammad Irshad Khan
Dr. Shahid Amjad
Dr. Fatima Riaz
Dr. Insia Hussain
Dr. Dr. Ehsan Rehman
Dr. Imran Majid
Dr. Khurram Iqbal
Dr. Zeeshan Shahid
Dr. Seema Ansari
Dr. Sumaira Khan

 

Editorial Advisory Board (International)

Prof. Dr. Mazliham Mohd Su'ud, President, Universiti Kuala Lumpur, Malaysia
Prof. Dr. Ghassan Al-Qaimari, President, Emirates College of Technology, Abu Dhabi, UAE
Prof. Dr. Patrice Boursier, Universite de La Rochelle, La Rochelle, France
Prof. Dr. Mudassir Uddin, Professor, University of Karachi, Pakistan
Dr. Nadeem Doudpota, Associate Professor, Al-Baha University, KSA
Dr. Haithem Abdelrazaq Almefleh, Associate Professor, Yarmouk University, Yarmouk, Jordan
Dr. Saiful Islam Ansari, Assistant Professor, University of Tabuk, Saudi Arabia