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ELT703 - Understanding Funding and Finance for Educational Outcomes


2020 unit information

Important Update:

Classes and seminars in Trimester 3, 2020 will be online. Physical distancing for coronavirus (COVID-19) will affect delivery of other learning experiences in this unit. Please check your unit sites for announcements and updates one week prior to the start of trimester.

Last updated: 5 October 2020

Enrolment modes:

Trimester 1: Cloud (online) or face to face intensives*

Trimester 3: Cloud (online)

Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Katrina Broadhead
Trimester 3: Katrina Broadhead




Incompatible with:


Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - cloud:

Learning experiences are via CloudDeakin. Students will undertake online exercises, case studies, debates (using technology-based mediums) and student-led discussions


Note: Face to face intensives are offered annually in SA, WA, Victoria and NSW, to enquire about the availability of these options please email ebladmin@deakin.edu.au.


Understanding funding and finance for educational outcomes places educational considerations at the basis of financial planning and management in schools. The range of financial matters confronting educational leaders include the broad policy environment and its political and economic bases, short and long term financial imperatives to achieve school success, sustainability and improvement goals, and accountability for reporting to a range of stakeholders. Topics and debates relating to educational investment, school funding, budgets, forecasting, financial decision-making, reporting, accountabilities and return on investment are discussed in relation to educational strategy, policies and outcomes. The unit covers school funding and financing issues and debates at the macro, meso and micro levels. It demonstrates that education – its aims, purposes, outcomes, policies, practices and funding - is a politicised and contested area in the public arena. Activities and assignments in this unit relate directly to participants’ work contexts.


These are the Learning Outcomes (ULO) for this unit

At the completion of this unit, successful students can:

Deakin Graduate Learning Outcomes


Interrogate contemporary research, financial and business practices in a global setting to generate  and apply informed and innovative education business solutions

GLO1: Discipline-specific knowledge and capabilities

GLO8: Global citizenship


Use information and communication technologies to source, critically analyse and report on complex data to improve decision making processes in resource management

GLO1: Discipline-specific knowledge and capabilities

GLO2: Communication


Lead the business agenda in education settings through evidence-based assessment and evaluation of funding and finance practice, in order to align with strategic directions

GLO1: Discipline-specific knowledge and capabilities

GLO4: Critical thinking


Interrogate data sets to analyse the multiple impacts of financial and resource factors in order to improve organisational agility to meet educational priorities

GLO1: Discipline-specific knowledge and capabilities

GLO5: Problem solving


These Unit Learning Outcomes are applicable for all teaching periods throughout the year


Trimester 1:
Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week

Assessment 1 (Individual) - Essay: Critical review of theory and practice

2500 words 50% Week 5

Assessment 2 (Individual) - Written report: Critical analysis of funding and finance practices

2500 words 50% Week 11

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: ELT703 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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