Purpose: To demonstrate the impact of the business cycle on organizations
Background: Economic contractions and expansions occur over time in every economy. This cycle is seldom predictable. This quick, discussion-based exercise demonstrates the impact of the business cycle on students’ colleges and universities.
Exercise: Think about what relationship the economy has with your college or university. Jot down a few ideas. Consider how increases in unemployment might affect if at all, enrollment and various departments within your college or university.
Discussion Possibilities: Does enrollment increase as unemployment increases? Why or why not? How might an economic downturn impact available financial aid for students? What types of changes are administrators likely to make or avoid during times of economic expansion? In times of economic contraction?
Grade: To receive full credit please follow the above instructions and see the rubric.
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