Economic Determinants of Higher Education Demand in the UK Assignment

Economic Determinants of Higher Education assume in the UK - Assignment ExampleAdvancement of new technologies and globalization has created complex high competitive environments in businesses. Thus, contemporary graduates commonly find occupations as programmers, journalists, primary school teachers, marketers, and retail managers. Higher education field not only contributes to the development of countrys human resource, but also it provides a paid business venture and a prominent source of export income to the UK (Universities UK, 2011). Therefore investigating the determinants of the demand in this sector can be beneficial to countrys economic growth. This study is focused on identifying the impact of students demographic characteristics on demand for high(prenominal) education. It also examines the types of occupations in which graduates argon significantly employed. The higher education sector in the UK comprises of universities, university colleges, specialist higher educat ion institutions, and other higher education colleges. consort to the statistics, there are 115 universities and 50 other higher education institutions in the UK. The demand for higher education derives from labor markets in UK, EU countries, and non-EU countries. The United Kingdom has a competitive advantage in providing higher education to the world due to its global reputation, elite higher education brands, historical mountain and political links, the popularity of the English language and culture, and post-study employment prospects (Universities UK, 2012). These can be considered as pull factors (Mazzarol & Soutar, 2002). There are also push factors contributing to the growth of this sector. The push factors are largely generated based on the socio-political environments in the home countries of international students (Mazzarol & Soutar, 2002). Thus, changes occurring in those countries can affect the growth of higher education sector in the UK.