August 27th   Class #1: Course objectives, requirements, and introduction to finance.

PART I: THE INVESTMENT VALUE OF HIGHER EDUCATION

September 3rd  Class #2: Basic Concepts and Philosophies & The International Investment Value of Higher Education

Course Reader:
               - The Theory of Social Goods and Social Goods, Further Considered. (pp.1-18)
               - The Decisive Role of Education, (pp. 19-22).
 
  The Economic Value of Higher Education:
                - Part I: Chapters 1, 2, & 3, (pp. 1-36).

     Making Lifelong Learning a Reality for All.  (Meeting of OECD Education Ministers, Paris, France, 1996)

September 10th   Class #3: The Individual Investment Value of Higher Education

  The Economic Value of Higher Education:
                - Chapter 4 (pp. 37-68).

Course Reader:
                - Society, Students, and Parents – A Joint Responsibility (pp. 23-33).
                - Efficiency and Accountability (pp. 34-48).
               - The Economic Prospects for American Higher Education (pp. 49-66).

September 17th   Class #4: The Societal Investment Value of Higher Education

  The Economic Value of Higher Education. (pp. 69-105).

  Course Reader.
                - Economic Returns on Investments in Higher Education (pp. 67-81).
                - The Earning Curve (pp. 82-94).
                - For Every Dollar Invested…The Economic Impact of Public Universities. (pp. 95-128).

September 24th     Class #5: Equity in Higher Education

    The Economic Value of Higher Education. (pp. 105-134).

    Removing College Price Barriers. (pp. 1-22).

October 1st   Class #6: Determining College Costs

Mumpher, Removing College Price Barriers. (pp. 23-72)

Course Reader:
                - What determines the Costs of Higher Education? (pp. 396-410).
                - Higher Education Costs Functions (pp. 411-422).
                - An Economist’s Perspective on Costs within Higher Education (pp. 423-445).
 

PART II: GOVERNMENT FINANCING OF COLLEGES & UNIVERSITIES

October 8th    Class #7: The Federal Role in Financing Higher Education

  Course Reader:
                - The United States (pp. 129-148)
                -  The College Aid Quandary (pp. 149-199).
Mumpher, Removing College Price Barriers. (pp. 73-138)

October 15th    Class #8: Policy Drift & the Consequences of Direct Student Aid

  Course Reader:
                - “Cost and Drivers” in Higher Education (pp. 200-222).
                -  Federal Student Aid Growth in College Costs and Tuitions (pp. 223-244).
                -  Private Institutions and Public Dollars (pp. 244-257).
                -  College Debt and the American Family (pp. 258-292).

October 22nd   Class #9: State Funding of Higher Education

  Mumpher, Removing College Price Barriers. (pp. 139-190).

  Course Reader:
                - State Obligations for Higher Education (pp. 293-296).
                - Budgeting for Higher Education at the State Level (pp. 297-316).
                - State Funding Formulas for Higher Education (pp. 334-361).
 
October 29th  Class #10: Performance Funding and Budgeting
(Mid-term examination distributed)

Course Reader:
                - Performance Funding and Budgeting for Public Higher Education (pp. 362-395).
 
November 5th  No Class

PART III: INSTITUTIONAL FINANCING AND BUDGETING

November 12th  Class #11: Institutional Budgeting and Financing
(Mid-term examination collected)
Course Reader:
                - College and University Adjustments to  a Changing Financial Environment (pp. 446-456).
                - The Impact of Changing Levels of Financial Resources on the Structure of Colleges and Universities (pp. 457-469).
                - Budgeting (pp. 470-491).
                - Why are Capital Costs Ignored by Colleges and Universities (pp. 492-499).
 
November 19th  Class #12: The University of Illinois and Responsibility-Centered Management

  Course Reader:
                 - RCM (insert)
                 - Fund Raising and the Development of University Foundations (pp. 500-508).
                 - The Institutionally Related Foundation (pp. 508)

November 26th  No Class

December 2nd    Group Projects and Presentations (TBA)
(All individual “Issue” papers must be completed)

December 9th  Group Projects and Presentations (TBA)
(All Group Papers must be completed)
 
 

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