Why is education important for the Australian Economy.

  MAIN DISCUSSIONS - First section (300 WORDS)– Why is education important for the Australian Economy. (PLEASE USE ECONOMIC MODELS/THEORIES FOR THIS SECTION. VERY KEY FOR THIS ASSIGNMENT, FOR EXAMPLE HOW QUALITY EDUCATION CREATES A POSITIVE EXTERNALITY FOR THE AUSTRALIAN GOVERNMENT). - Second section (300 WORDS) – What is the current state of Australian education. (ECONOMIC THEORIES NEEDED) - Third section (700 WORDS)–KEY ANALYSIS SECTION (Current spending level is not adequate for various reasons) (also include some discussion about the reasons why the current spending level is good and then rebut these claims) PLEASE READ THE CRITERIA SHEET AND DEBATE TASK SPEECH FOR THE ARGUMENTS FOR WHY THE LEVEL OF FUNDING IS ADEQUATE AND INADEQUATE – THIS ESSAY IS SAYING THE FUNDING IS INADEQUATE- Feedback for your essays: styled as a ‘critique’ you should consider the opposing viewpoints within your essay, but then either rebut or dismiss the opposing viewpoint with theories or examples. The areas of discussions as in your existing script content is good, so you shouldn’t need to find new areas for arguments but rather you should focus on providing the illustration of the theories as well as enhancing the readability of your arguments. A good way to structure your body paragraphs would be to first introduce your argument, then discuss the relevant theory/theories, then cite some evidence or examples. As I mentioned after the debate, you might consider to show that you can use more theories to tackle the issues, rather than focusing on demand and supply schedules.