Muhammad Sohaib Roll No: CA636535

Higher Education
Course Code: 8625
Semester: Autumn, 2020

(8625 Exam)
Q No: 1
‘Socio-economic development of a country depends upon
higher education’ comment on the statement with sound
arguments, also discuss functions of a university with
relevant examples from your own context.
Answer:
Some reasons Socio-economic development depend on
higher education:
Increase Employability

Candidates in a highly competitive job market where their skills may not be
enough to get the job. As the economy is moving towards a competency-based
approach to the composition of the sample, with a focus on the skills and
experience, rather than academic knowledge at the university, and established
professionals need to be armed with the tools they need to in order to get a
job and succeed in it.

Up skill Existing Workforces

As digitalization is changing and the landscape is changing for professionals,

and higher education can provide them with the opportunity to expand their
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knowledge and acquire new skills. For employers, this can have a positive
impact on labour productivity, output, and staff. It will also help the company
to improve efficiency and profitability.

Boost Graduate Earning Power

Graduates with the necessary skills, knowledge, and skills, will have the ability
to demand higher wages because they are able to make a significant
contribution to the revenue, and the growth rate of the business is active. As
mentioned above, the university is responsible for the issue of academic
education; and to provide opportunities for learning, skills, employment,
results on the ground, and to reap the benefits of your workout.

Collaborate Between Education and Business

In the last decade, there has been a significant increase in the number of
projects and transactions between the company and the university. It also has
significant benefits for the community at large, thanks to the advancement in
the field of science, communication technology, mechanical engineering, and
many others. In short, such a partnership could be very large, which may be of
benefit to all parties involved.

Knowledge-based economy

In a knowledge-based economy is characterized by the dependence on a

highly-skilled, well-educated, and technologically skilled workforce. It makes
use of the advancements in technology, along with the name of the capital,
and is on its way to the material consumption to an economy built on
knowledge and information. Higher education and training in the sector of
natural resources to the knowledge economy.

Functions of the University

The University’s common functions are to:

 Provide the training and education of the campus.";

 Provide the necessary conditions for the conduct of research, and to
promote it.
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 On to encourage the advancement and development of knowledge and

its application in the public sector, the ministry of industry, commerce,
and society.
 One of the delivery of education or training, levels of achievement, as
the Board of directors considers this to be able to meet the needs of the
society.
 on assigning a higher education awards;
 On the dissemination of knowledge and to encourage, to support.
 To provide facilities and resources for the well-being of the University's
staff, students, and the courses at the University.
 On, in order to carry out any other tasks assigned to the University, in
accordance with a Law, regulation or administrative Action.

Main functions:

 At the same time, people in higher education can also be sensitive to

which of the various services, the reality is that in the political discourse
of the universities tend to be dominated by the analysis of how they can
carry out directly the features.
 The role of universities is to create economically valuable intellectual
resources, described below, in the comments section, and, in my
opinion, is undeniable.
 This implies that the function of the university is to provide a direct
internal rate of return for the economic development of the society. The
logic requires that the claimed invention at the university, principally in
the research laboratories, which leads to innovation, and the economic
and social benefits.
 I would like to confirm that much of the current emphasis on public
policy at the university is the result of a thought process, which does not
reflect the essence of reality. It is important to understand the role of
the universities is to DO in the way of the mechanisms will be in place in
order to facilitate the change.
 The university cares about the "useful knowledge", however, is not just
about the direct applicability of the university as a resource for the
unknown of the future.
Muhammad Sohaib Roll No: CA636535

Q No: 2
Explain the ways used for financing higher education.
Suggest ways to minimize wastage of resources in higher
education in Pakistan.
Answer:
Higher-secondary education and training is crucial for the future economic
stability of the individual and of the nation. Unfortunately, the high cost of
studying at a two - or four-year higher education institution can hold the low-
and middle-income students, from serving as the academic qualifications.

Prospective students should keep in mind when they go to college, and how
they are going to have to pay for it, and how to deal with their financial
studies, and beyond. Institutions of higher education, which is one, two and
four years old, and loved ones, we can help you with, young people and
students to get financial capabilities.

Ways used for financing higher education

Scholarships

Scholarships come to mind, first and foremost, when it comes to financial aid
for higher education. Billions of dollars are awarded annually to the pre-
existing funds are available from a variety of sources. College of the loan, the
giant's college, the planning department, on its website has information on
grants, including a grant to the search function.

The loan has the key features include:

 The Loan has to be big enough to cover the costs, and, at least in the
United States, and the cost of living, higher education is free at the point
of use.
 The loan should be to attract a rate of interest, usually at the cost of the
debt.
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Grants

Grants that are funded by taxes, subsidies of some kind of universal, or over
the phone, and have been designed for the poor but talented students and
their families, and it can also help cover the cost of higher education.

The share of public funding

In other countries (Australia, Chile, Israel, Japan, South Korea), there are
already an increase of more than 50%. In the latter, the family is forced to give
a significant amount of resources through borrowing and lending.

The Financial Intuition Podcast

The Podcast is Financial Intuition", which focuses on a variety of topics related

to the save and pay for higher education, administration, and student loan
debt.

Federal Student Aid

It is designed for financial aid professionals, and combines the guidance,

resources, and information related to the handling and processing of federal
student aid Division, IV), an on-line web site for use by the entire financial aid
community.

The repayment of the loan

Here we are offering to help people with student loans; it can deal with the
site's refund process, and answer any questions about the loan and payment.

Income-contingent loans

Student support is provided by the credit of the contingent payments on the

capital. Eligibility for a loan has to be big enough to cover costs, and in the
richer countries, the cost of living, the rate of interest is usually in conjunction
with the government's cost of debt.
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Minimize the wastage of recourses:

 On financing higher education, regardless of the scale on the field of
taxation (for example, 1% of the GDP), is to provide a quality education
to a small number of students, or of a lower quality than the number of
students.
 rely on private sources of finance, to realize that this student will serve
as a reminder for students to be with his family can afford to pay and
the amount of the grant;
 In a small-scale loans and recognize that it's going to be higher than that
of standard-and high administrative costs.
 the use of taxpayers ' resources to pay for them (for example) for a two-
year higher education institutions, and leave the rest to private sources
of finance.
 On using aid in order to facilitate the trade-offs between the methods.

The main problems:

In economic theory, and a hands-on experience, offers a complete solution of
the problem, such as how to avoid:

(a) In the case of a variable in public spending.

(b) Government spending on the middle class, education, training.

(c) A loan that is not available or is poorly designed, so that they will provide
no additional reserves, if any.

(d) The financial requirements of the university, which will reduce the
efficiency of the incentive; and

By improving the labour market

Higher education can be a powerful and necessary tool for the creation of a
modern, well-educated, cultured, and a peaceful society, which is able to lead
the country towards a brighter future. It is also considered as one of the most
important and the most powerful tool for the development of a country.
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A regular review of the management of the resources

The higher the quality of the education can be provided through regular review
of the activities of enterprises by means of, or with, or by a foreign company,
and the accreditation of institutions.

The expansion of higher education over the years, and it has led to, education,
substance abuse, who are available as the tuition fees charged by private
companies in connection with the admission of additional benefits.
Muhammad Sohaib Roll No: CA636535

Q No: 3
Elucidate the nature and significance of continuing
education. Highlight the role of technology in expansion of
continuing education in Pakistan.
Answer:
Some jobs require continued education and training in accordance with the
laws of the remains to become licensed, and either to confirm or to retain
membership in the association or licensing body. In general, training is seen as
a way for medical professionals to keep abreast of the industry, so that they
are falling behind.

Continuing Education nature

The field of lifelong learning

In our area, we are able to find the illiterate adults with basic literacy and
numeracy skills. These skills will help them in their day to day life. However, in
order to improve their quality of life, and increase in one's income, to improve
their knowledge and skills in formal, non-formal and non-formal education and
training.

To learn how to be

Everyone has a vision for the future. For example, a master's degree may want
to become a master or an expert; a store employee may want to open up their
own little job experience.

Significance of continuing education

To increase your chances

Often, an employer believes that a commitment to continuing education is a

major reason for the increase. They understand that you're investing the time
and sometimes the money on you, and would like to reward you for it. Your
new training makes you more qualified to be advanced, work experience,
making it an ideal candidate for a promotion.
Muhammad Sohaib Roll No: CA636535

The opportunity to make a career

If you are getting ready to go out in a new career is often the first step is to get
an education that will prepare you for this new way. From nurses to teachers,
and accountants, many of the professions are serious, licenses, and / or degree
requirements, in order to get to the specialty. To get that education and
training will prepare you for the transition to a new career path. Many of the
occupations require further education and training, as they are a special
training that is essential to your success.

Improve your image

Continuing education is a valuable part of your cv / resume. A great deal of

effort is a direct-qualified will require a certain level of education, as well as
whether the answer is a minimum requirement for qualification, and
continuing education, where you are.

Role of technology in continuing education in Pakistan

Impact on Teaching and Learning

No aspect of higher education and training, and remained unaffected by the

technological advances of the 1980s and the early 1990s. College graduates, on
how the leadership and learning are fundamentally changed by the new
technology.

Simplifies access to educational resource

Since the students are already rely on technology in their day to day life, why
not incorporate it into your classroom? Kids today often use their smart
phones and tablets to school, and how to trust them with responsibilities in
the context of the research. A lot of people think that this will really help your
students to stay engaged in the lesson, with the help of a familiar tool for
academic study.

Enhance the learning experience

With the help of modern technology such as artificial intelligence, for example,
a teacher may develop the creative and innovative lesson plans, and pay
attention to the saving of his classes. Not to mention the fact that, with the
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development of new teaching and learning methods, there is a need for

specialized specialists in the field and outside the field of education and
training.

Students will be able to study at home

Many people believe that the technology can be developed, the individual
learning as well as to eliminate the educational boundaries of a teacher can
face. It provides on-line training, e-learning, and access to the most up-to-date
information. As each student interprets information in a variety of ways, the
technology could allow for additional research on topics that are difficult to
learn.

Help the students to prepare the future careers

As we all know, the technique is widely used by professionals working in

different areas of the field. That has to be present in the classroom can help
students be more comfortable and familiar, almost to the very beginning of
their careers.

Cooperation and communication

Continuing education and training, technology can help, co-operation. The

teacher is able to not only interact with the students during the lessons, but
also to communicate with each other. Through the on-line lessons, and
learning the game the students work together to solve the problem.