RUn the following query to find if you are running spfile or not:
SELECT DECODE(value, NULL, 'PFILE', 'SPFILE') "Init File Type"
FROM sys.v_$parameter WHERE name = 'spfile';
If the result is "SPFILE", then use the following command:
alter system set open_cursors = 4000 scope=both; --4000 is the number of open cursor
if the result is "PFILE", then use the following command:
alter system set open_cursors = 1000 ;
You can read about SPFILE vs PFILE here,