Higher Education Economics, Finance & Strategic Planning
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Course level: Graduate
This course introduces and examines the major features of the financial operations and functions, and decision making within various types of higher education institutions. Strategic financial planning and global market influences, in the context of higher education institutions will be addressed. Competency A: Evaluate the interrelationships among laws, regulations, politics, institutional policies, costs, benefits, and investments in individuals and society in higher education. Competency B: Describe the contributions and ramifications of various sources of funding including Federal and State governments, student tuition and fees, philanthropy, special interest groups, and private enterprise in financing higher education. Competency C: Analyze the roles and functions of the office of budget and management and the responsibilities of the chief financial officer. Competency D: Apply budget philosophies, processes, allocations, and accountability to institutional financial strategic planning. Competency E: Evaluate the influences of global market forces, global funding of higher education, and comparative funding models in developed and developing nations on higher education policy. Competency F: Examine shifts in funding processes for ethical issues and emerging concepts.