Survey of the theoretical and empirical literature related to the economic context of and finance policy within K-12 or higher education institutions. Separate K-12 and higher education sections are taught. Covers a wide range of concepts, processes, and policies, such as patterns of financing educational institutions; federal, state, and local governmental roles; revenue sources; costs; benefits; equity; efficiency; budgeting; and finance policy implementation. Three lecture hours a week for one semester. Educational Administration 388E and Educational Leadership and Policy 390E may not both be counted. Offered on the letter-grade basis only. Prerequisite: Graduate standing.