Melbourne Polytechnic Student Economic Contribution Report

This report examines the economic impact of international students at Melbourne Polytechnic on the Victorian economy. It investigates the students' contribution to the economy through various factors, including their work preferences, spending habits, course choices, and overall economic influence. The research aims to analyze the relationship between the advancement of the Victorian economy and the contributions of international students. The study employs a mixed-methods approach, including surveys and interviews with 70 international students, to gather primary data. The findings are expected to inform policymakers and stakeholders, highlighting the significance of international students in driving economic growth. The report provides a literature review, research questions, aims, objectives, and methodology, culminating in a conclusion that emphasizes the importance of graduate employability and its impact on the financial and economic development of Victoria.

Running head: ECONOMIC IMPACT OF MELBOURNE POLYTECHNIC STUDENTS
Economic Impact of Melbourne Polytechnic Students
Name of the Student
Name of the University
Author Note

2ECONOMIC IMPACT OF MELBOURNE POLYTECHNIC STUDENTS
Abstract
The goal of the study is to examine the importance of the international graduates on the account
of the emerging progress of the Victorian economy. The role of the educational institution,
namely, Melbourne Polytechnic, is found to play a key factor in enhancing the employability in
the labor market. The paper further attempts to draw a significant relationship between the
international students and the economic growth with the help of some significant literatures.

3ECONOMIC IMPACT OF MELBOURNE POLYTECHNIC STUDENTS
Table of Contents
Introduction......................................................................................................................................4
Background......................................................................................................................................4
Research questions...........................................................................................................................5
Aim of the paper..............................................................................................................................5
Objectives........................................................................................................................................5
Significance of research...................................................................................................................5
Research Methodology and Data collection methods.....................................................................6
Conclusion.......................................................................................................................................6
References........................................................................................................................................7

4ECONOMIC IMPACT OF MELBOURNE POLYTECHNIC STUDENTS
Introduction
The international graduates of Melbourne polytechnic are expected to lead the Victorian
economy’s progress. The affordable course structure combined with dynamic educational facility
provides a significant number of employment opportunities to the graduate students. Further, the
university authority permits the students to do job while pursuing the study in the university. On
the account of emerging progress of the Victorian economy, this study is aimed at examining the
influential factors related to the international students.
Background
Over the last several years, Australia has been considered as one of the best study place
for the international students. The lenient student visa policy offers sizable job opportunities acts
as an alluring factor to the students. The economy has experienced with a considerable progress
due to growing employability among the foreign students (Conway 2016). Contextually, the
impressive progress of the Victorian economy is yielded due to the technological advancement
programs initiated by the universities like Melbourne Polytechnic. This certain university has
constructed the framework with the aim of meeting the emerging requirements of the labor
market (Boyd and Brack 2015). The number of vocational training programs have been
introduced to enhance the students’ employability. In this case, the cooperative nature of the
educational staffs and teachers are worth to be stated (Wain 2014). Their continuous effort in
order to increase the work potentiality among the students has drawn a significant outcome in the
economy. The comprehensive training module has enhanced the professional capability of the
students (Galan-Muros and Dave 2017). Meanwhile, the graduates are associated with different
continents. This diversity has helped in developing inclusive study environment within the
certain educational place.

5ECONOMIC IMPACT OF MELBOURNE POLYTECHNIC STUDENTS
Research questions
The research paper will be developed in order to evaluate the relationship between the
advancement of the Victorian economy and the contribution of the concerned number of
students.
Aim of the paper
The study is aimed at analyzing the effective contribution of the abroad students owing to
enhance the development of the Victorian economy. The study further examines whether the
engagement of the international graduates needs to be considered as an engine of growth or not.
Objectives
This paper will be focused on some following objectives mentioned as follows.
 To examine the types of work preferences of the foreign students.
 To evaluate the purchasing power of the students within the nation.
 To analyze the taste and preferences of the students related to the commodity consumption
 To assess the choices of study courses among the students.
 To discuss the impact of the international students on the Victorian economy.
Significance of research
Several numbers of students come over Australia as they can continue study while
working in the professional fields. This consequently enhances the employability of the
international students. Hence, this research work is expected to articulate the dimensional impact
of the foreign students on the account of the economic progress of the Victorian economy.

6ECONOMIC IMPACT OF MELBOURNE POLYTECHNIC STUDENTS
Research Methodology and Data collection methods
The data source of this study will be based on the primary data covering seventy number
of international students of Melbourne Polytechnic. Both the survey and interview will be
considered as key data collection method (Millar 2016). Subsequently, this research paper will
apply some designated analytical methods to derive the desired outcome related to this study
(Draghici et al. 2015).
Conclusion
In the concluding note, the paper is expected to enlighten the economic contribution
made by the certain number of foreign graduates of Melbourne Polytechnic to the development
of the Victorian economy. The findings help the policy makers to formulate effective policy for
both the students and entrepreneurs in order to get better result. The major part of the economic
development depends on the graduate employability. The enhancement of the employment
intensifies the financial growth as well as the development of the nation. Overall, this amplifies
the economic productivity in terms of human skill and revenue goal of the country.

7ECONOMIC IMPACT OF MELBOURNE POLYTECHNIC STUDENTS
References
Boyd, S. and Brack, C., 2015. Developing evidence based and innovative learning design using
learning analytics.
Conway, L., 2016. Delivering on policy: strategy influences on teaching, learning and formal
assessment. Fine Print, 39(3), p.14.
Draghici, A., Baban, C.F., Gogan, M.L. and Ivascu, L.V., 2015. A knowledge management
approach for the university-industry collaboration in open innovation. Procedia Economics and
Finance, 23, pp.23-32.
Galan-Muros, V. and Davey, T., 2017. The UBC ecosystem: putting together a comprehensive
framework for university-business cooperation. The Journal of Technology Transfer, pp.1-36.
Millar, V., 2016. Interdisciplinary curriculum reform in the changing university. Teaching in
Higher Education, 21(4), pp.471-483.
Wain, R., 2014. Deepening the skill and knowledge base while maintaining the competitiveness
of the Australian electrical apprenticeship programs.