Webinar Recordings

Instructional Economics

Making Finance-Informed Academic Decisions
Journal Cover
Delivered September 15, 2020
Presented by William Massy, Professor Emeritus and Former CFO, Stanford University; Former President, The Jackson Hole Higher Education Group, Inc. (Moderator) | Antoinette Farmer-Thompson, Deputy Vice President, Educational Outreach & Student Services, ASU University; Design Institute Expert in Residence; Former Dean and Senior Vice President, Institutional Effectiveness | Nicholas Santilli, Senior Director for Learning Strategy, Society for College and University Planning (SCUP); Professor Emeritus of Psychology, John Carroll University | Steve Probst, Senior Partner, Gray Associates, Inc.
Planning Types: Academic Planning

This is part two of a three-part program series, “Integrated Planning to Build a Thriving Academic Program Portfolio.” These discussions will help you build a strategic and sustainable program portfolio that is mission-centered, data-informed, student-centered, and focused on growth opportunities.

All program decisions have financial consequences—and some may surprise you. We will share a methodology for analyzing instructional economics and strategies for incorporating this data into the program decision-making process for long-term financial health. Understanding the economics of your programs and courses can help you focus resources on the programs and courses most critical to your mission and free up funds for strategic growth.

Learning Outcomes:

  1. Understand how individual programs affect the institution’s direct costs and revenues.
  2. Respond productively to assertions that some programs have almost no incremental costs because the courses are mostly shared with other programs.
  3. Understand the distinction between program economics and department economics.
  4. Understand how course proliferation can raise instructional costs even when most sections achieve or exceed minimum enrollment levels.
  5. Understand one process for identifying ways to instructional costs while causing the least harm to the institution and its mission.
  6. Understand one process for helping deans and similar decision-makers internalize financial considerations in their routine academic decisions.

Recorded September 15, 2020.