This report describes the use of large-scale economy-wide models which are available in Australia for occupational forecasting and their use in the VET sector. The paper provides: * a brief review of objectives of VET policy * an overview of international perspectives on the role of occupational forecasting in VET planning * a description of the views and practices of personnel in the VET sector who use labour market projections * an introductory discussion of economic modelling including the nature of economic models, the construction of models, different types of models and the uses and limitation of models * an evaluation of the use of economic and econometric models in assisting VET decisions, particularly the Monash and Murphy models
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