School of Management, Unit Catalogue 2007/08 |
MN50215 Finance and resource management in higher education |
| Credits: 6 |
| Level: Masters |
| Modular: no specific semester |
| Assessment: CW100 |
| Requisites: |
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Aims & Learning Objectives: To enable participants to: 1. Understand the way in which resources influence the academic policies and strategic management of institutions. 2. Analyse and compare the financial operations of institutions including the provision of financial and human resource. 3. Evaluate the processes of financial and human resource assessment and control and the investment and return of institutional assets and future capacity needs. 4. Relate the resource management needs and allocations to the needs of academe including teaching, research, scholarship and social aspirations. Content: * Models of national systems and the capacities for institutional change: changing patterns of state-university relationships; autonomy - accountability balance; state planning; funding regimes; charters. * Institutional cultures and models and associated leadership behaviour patterns: the entrepreneurial and adaptive university. * Environmental trends and agendas for institutional change: ramifications for institutional policy and development. * Macro issues in the funding of higher education in different settings, and the ramifications for university strategy * Sources of university income: governmental and market; diversity, buoyancy and durability. * Characteristics of entrepreneurial universities and the generation of contract income; venture capital, intellectual property issues. * Financial strategies. * Value for money/efficiency/effectiveness: performance indicators and their use. * Managing financial reduction. * Budgetary process and resource allocation models. * Issues in financial control: devolved and centralised systems; audit and accountability. * Issues in capital financing: loans and repayment; private capital. * Privatisation of university operations - economic, financial, social, academic and ethnical dimensions. * New information technologies and their application for strategic planning, education research planning and administration. |