This post comes from this post that i read on linkedin today. The post is about a young girl doing courses through MOOC providers. These courses are offered by some of the leading faculty in the field, from some of the top universities in the world, but by the inherent structure of these courses, its not really expensive to do these courses. The cost of running the course can, in fact, be lower because, with the MOOC paradigm, the cost of the course can be shared by participants across the world, instead of only those in a particular physical classroom. However, as you will read from the comments on the post, the main thought people have is, does this collection of courses, and the credits these would represent in a traditional university system, represent a MBA?
Lets consider this closely.
What are the components of education?
1. The right content covering all the topics which a student is required to know to be able to say that he or she has attained a particular level of proficiency in a particular topic.
2. Teaching by a faculty who can teach the concepts covered in the course, answer questions from the students, give them homework, evaluate their homework, and make them do projects or case studies, and evaluate their performance in these.
3. Collaboration between students which helps them to learn together, from each other, and to contribute to the learning on the group as a whole.
4. An exam which can test the knowledge of the student and be able to say with a certain amount of confidence that the student has attained a certain level of proficiency in specific subjects or courses.
Apart from 4, all the other three are available in the structure of MOOC. Here are courses delivered by some of the best faculty in the world, with some of the best courseware, and students have a multitude of options for collaborating with each other. What is lacking is the assessment of the performance of students with some form of standard testing, to signal to prospective employers the suitability of the student for a particular job (this is the economic function of test scores, isnt it?). And what is lacking is the attaching of credentials to these courses.
I feel this is something that is going to change over a period of time. With more participation from leading universities in MOOC programs, what is required now is a structure which can bring courses together into a single framework, regardless of which university is teaching those courses, and aligning this framework with a standard testing model, and we have all the ingredients of a completely new paradigm of education.
The question that arises is why universities would want to do that. With the rising costs of education and delicning subsidies or grants, as universities are finding it harder to recruit students, this is a model which can help universities recruit students from across the world, without those students having to travel to the university location (which is a large cost), and each university getting funding based on the number of units taught, case studies developed or delivered and assessments run by them, this could be a viable financial model for universities.
Anyone aware of studies done which might be able to define the sensitivity of student enrollment towards cost? In other words, are we able to quantify how student enrollments would increase as costs reduce? With this information, it may be easier to find out the feasibility of this model. Anyone aware of any such studies? Please do leave a comment.