Economic Impact in Higher Education – EDUC 783

CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020

Course Description

This course is an introductory examination of financial, economic, and budgetary issues in higher education. Focusing on postsecondary institutions, students will review the primary political, economic, and social issues influencing higher education finance, examine revenue streams and expenditure patterns, survey tuition and financial aid policies, and assess the budget as an instrument of strategic planning, resource allocation, and fiscal control.

Prerequisites

None

Rationale

This course is an introductory examination of financial, economic, and budgetary issues in higher education. Focusing on postsecondary institutions, students will review the primary political, economic, and social issues influencing higher education finance, examine revenue streams and expenditure patterns, survey tuition and financial aid policies, and assess the budget as an instrument of strategic planning, resource allocation, and fiscal control.

Measurable Learning Outcomes

Upon successful completion of this course, the student will be able to:

  1. Understand foundational concepts of finance and economics in the context of higher education.
  2. Describe major higher education revenue sources and evaluate tuition, enrollment, and alternative revenue-generating models.
  3. Learn and practice the budgeting process..
  4. Recognize the post-secondary marketplace and consider how political, social, technological, and other factors can impact higher education finance.
  5. Apply cost structures and budgeting principles to internal resource allocation and planning, and learn how to analyze institutional data.

Course Assignment

Textbook readings and lecture presentations

Course Requirements Checklist

After reading the Course Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.

Discussion Board Forums (4)

Discussion boards are collaborative learning experiences. Therefore, the student is required to create a thread in response to the prompt provided for each forum. Each thread must be at least 400 words and demonstrate course-related knowledge, including at least 2 in-text citations with full references listed at the end of the thread. In addition to the thread, the student is required to reply to the threads of at least 2 classmates. Each reply must be at least 200 words and include at least 1 in-text citation (MLO: A, D)

Brief Paper

The student will write a 1,000–1,200-word paper in current APA format that focuses on an identified topic from the readings and other study materials. The paper must include at least 3 references in addition to the Bible. (MLO: A)

Course Project

The student will create an Institutional Budget Case Study in 3 parts. Each part will build upon the previous assignment, culminating in a presentation including the findings and the analysis of the findings. References must be in current APA format.

Part 1 – Budget Spreadsheet

The student will develop an Excel spreadsheet with five-year trend data on a variety of key performance indicators and budget items showing the financial status of the selected institution. (MLO: C)

Part 2 – Case Study

The student will develop a narrative report that provides detailed context on the key performance indicators and budget items along with a variety of institutional characteristics about the selected institution. This assignment must include at least 1 relevant Bible verse and at least 5 references, be in current APA format, and be at least 10 pages, not including the title page, reference page, and appendices. (MLO: C)

Part 3 – Power Point

The student will prepare a Power Point presentation consisting of 10–20 slides. The slides must display highlights from the Budget Spreadsheet and Case Study, similar to a formal budget presentation to an institution’s senior administration or governing board. (MLO: C)

Quizzes (3)

Each quiz will cover the Reading & Study material for the assigned modules/weeks. Each quiz will be open-book/open-notes; contain 10 true/false, multiple answer, and multiple-choice questions; and have a 1-hour time limit. (MLO: B, C, D)