Economic theory in relation to the nonprofit sector, including managerial economics for effective nonprofit management. This includes tools such as cost-benefit analysis and social impact measurement. Economics of microenterprise and the impact on social entrepreneurship will be examined. Students will understand critical financial concepts, including liquidity, solvency, cash flow strategies, and diversity of revenue streams. Financial management practices will be explained and applied, including planning, budgeting, controls, short-term and long-term financing, investments, and grant management. Accounting and financial decision making will be covered, with an emphasis on presentation of financial information to stakeholders.
Corequisites or Prerequisites
Term Offered
Fall Only