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“Changing the landscape of higher education”: MOOCs
Submitted By:
Punit Kishore
PGPBA
Praxis (Kolkata)
1 | P a g e
Table of Contents
1. Executive Summary 3
2. Introduction 4
A) History 4
B) Analysis of MOOCs 5
C) Issue and Challenges of MOOCs 8
3. MOOCs VS Higher Education 9
A) Implication of Higher Education 9
B) Implication of Higher Education Institution 10
C) Implication of Educational Policy 11
4. Conclusion 11
5. Bibliography 12
2 | P a g e
1. Executive Summary
Massive Online Open Courses (MOOCs) are trends towards greater openness in higher
education. The phenomena of MOOCs are described, placing them in the wider context of open
education, online learning and the changes that are currently taking place in higher education at a
time of globalization of education and constrained budgets.
They can be seen as an extension of existing online learning approaches, in terms of open access
to courses and scalability, they also offer an opportunity to think afresh about new business
models that include elements of open education. This includes the ability to disaggregate
teaching from assessment and accreditation for differential pricing and pursuit of marketing
activities.
A number of MOOCs platforms have been developed and offer courses independent of or in
collaboration with universities. A growing number of institutions have been involved in
engaging and experimenting with MOOCs for the purpose of expanding access, marketing and
branding, as well as the potential of developing new revenue streams. Motivations for learners to
participate in MOOCs are varied, and many struggle to engage with courses and keep motivated
in the context of an online learning environment. The market value of certification of courses,
short of credit as part of traditional institutional awards, has yet to be determined. Other potential
business models are being developed but need further work to establish them. The proliferation
of MOOCs as an educational approach, there is a risk that the current enthusiasm is being driven
by a self selecting group of highly educated,
IT literate individuals who are able to navigate the sometimes complex, confusing and
intimidating nature of online learning. In general, there are concerns about the pedagogy and
quality of current MOOC courses, with a clear distinction between process and content-based
approaches. The motivation for some MOOCs is a philanthropic one and for others a business
proposition.
This possibility is brought about through the combination of wider societal adoption of
communication and, particularly, Internet technologies, changing funding models and the
development of new business models that leverage this opportunity.
These include, changes to funding whereby students pay most of their tuition fees, through
student loans, and changes to national quality assurance measures so that new players can enter
the market place and offer new, differentiated provision including more for-profit universities.
There is also an opportunity here for open education where less traditional lecturing and more
facilitative and guided approaches to education can find a place in this new landscape of online
learning where increased fees for established models may act as a deterrent to students.
3 | P a g e
2. INTRODUCTION
"Power is shifting away from selective university admissions officers
into the hands of educational consumers, who will soon have their choice of attending virtually
any university in the world online."-Nathan Harden
MOOCs are Massive Open Online Courses and they are rapidly changing the game for higher education,
executive education and employee development generally. MOOCs offer free online courses covers a
growing range of topics delivered by famous and qualified lecturers from some of the well known
universities like Stanford, Penselveniya etc. In this age of lifelong learning MOOCs are a means of
providing learning and development to virtually everyone, anytime anywhere in the world with internet
access. This has encouraged elite universities to put their courses online by setting up open learning
platforms, such as Edx. New commercial start-ups such as Coursera and Udacity have also been
launched in collaboration with prestigious universities, offering online courses for free or charging a
small fee for certification that is not part of credit for awards. Larger corporations such as Pearson and
Google are also planning to move into the sector as global players and are likely to adopt a MOOC-based
approach as a part of their plan.
A) HISTORY: The original concept of MOOCs came from academic research in 1960 with an
idea that people could be linked by series of computers to listen, discuss and learn about a
particular subject or topic. Massive Open Online Courses (MOOCs) was first introduced in 2008
by Dave Cormier to describe Siemens and Downes’ “Connectivism and Connective Knowledge”
course. This online course was initially designed for a group of twenty-five enrolled, fee paying
students to study for credit and at the same time was opened up to registered only learners As
development in technology enables the world to access a board and diverse range of topics and
subject. There could be 1,000 to 1, 00,000 participants in the single subject and create the
opportunity for the world to learn. MOOCs open a opportunity for people in remote areas and
developing countries as well as people with aspirations to achieve more and succeed in personal
and professional without expensing too much.
The original aim of MOOCs was to open up education and provide free access to university level
education for as many students as possible. In contrast to traditional university online courses,
MOOCs have two key features (Wikipedia, 2012):
1. Open access - anyone can participate in an online course for free
2. Scalability - courses are designed to support an indefinite number of participants
These features may be interpreted differently by different MOOC providers; some MOOCs are
massive but not open and some are open but not massive. The development of MOOCs is rooted
within the ideals of openness in education, that knowledge should be shared freely, and the
desire to learn should be met without demographic, economic, and geographical constraints. As
figure 1 show, since 2000 the concept of openness in education has been evolving rapidly,
4 | P a g e
although it has its origins in the early 20thcentury (Peters, 2008). Massachusetts Institute of
Technology (MIT) established Open Course Ware in 2002 and the Open University set up Open
Learn in 2006, representing an ongoing development of the open education movement.
Influenced by the early development of MOOCs, various open learning platforms have been set
up by elite institutions; examples from2012 include MIT edX and OU’s Future learn. A key
message that emerges is that the evolution of MOOCs is leading tomore players in the market as
HEI and private organizations seek to take advantage of these innovations in online learning.
Example of the MOOCs- Courseera, Edx, Udacity, khan academy etc
B) Analysis Of MOOCs Style: The cost of college is soaring with no end in sight, and a four-
year degree at a traditional college easily can run to more than $200,000. But if anyone is
willing to reduce the cost of education, it might be possible to save tens of thousands of dollars
by getting a degree online. Until recently, online degrees were hardly worth the paper it took to
print them out, but all that could be changing with the advent of massive open online courses, or
MOOCs.Taking classes online isn't new. But MOOCs aren't just any online classes. The big
difference is scale: MOOC technology platforms allow as many as tens of thousands of students
to log on and watch live instructors or on-demand webinars. Like the real deal, college-based
MOOCs also have homework and proctored exams, some that require students to go to a specific
location to take a test. Since MOOCs burst onto the scene in summer 2012, many colleges and
universities have been racing to get onboard, partnering with Internet startups to offer courses
that are open to all for free on a noncredit basis. Some MOOCs have enrolled more than 100,000
online learners, and schools are beginning to offer them for credit to enrolled or prospective
students. A handful of institutions have taken it a step further by offering MOOC-based degrees.
Last month, the Georgia Institute of Technology announced it will offer a MOOC-based master's
degree in computer science beginning in January 2014 at a fraction of the on-campus cost.
5 | P a g e
Mount Washington College, a for-profit New Hampshire college owned by Kaplan, offers a
handful of online bachelor's degree programs that the school says students could complete for as
little as $19,200.
Several have announced partnerships with testing centers to facilitate more reliable assessment
and, eventually, credentialing of some kind. Although some of the leading MOOC providers are
ostensibly for-profit, none have actually implemented a monetization strategy; though charging
for credit seems to be the most likely strategy. MOOC providers seem to be following a Silicon
Valley model of generating interest and excitement first, with business models to be developed
later. It have been around for a while and provide opportunities for anyone to learn with experts,
peers and others outside traditional universities.
Table 1 indicates the major differences between the initiatives described above in
The scale and open nature of MOOCs provides opportunities for expanding access to Higher
Education to all and creates a space for experimentation with online teaching and learning. This
exploration of new approaches for Higher Education provision has generated significant interest
from governments, institutions and commercial organizations.. Commercial organizations see
MOOCs as a way to enter the Higher Education market by providing a MOOC platform and
developing partnerships with existing institutions and to explore new delivery models in Higher
Education. For example, Udacity has teamed up with Google. Learners’ motivation to participate
in MOOCs is a significant area of interest to many Higher Education stakeholders. There are
many factors that influence students’ motivation to learn; these include future economic benefit,
development of personal and professional identity, challenge and achievement, enjoyment and
fun. The most common revenue stream for the major new MOOC providers is to charge fees for
certificates. Whilst Edx is a not for-profit MOOC platform with the goal of helping universities
achieve shared educational missions, in the longer term it will also need to be self-sustaining.
Coursera and UDACITY are examples of for-profit organizations.
Details of the “Courseera” course how MOOCs are helpful and increasing the number -Course Name-
“An Introduction to Financial Accounting “by Brian J Bushee. (Typical Example of Lifecycle of course)
6 | P a g e
Students enrolled: 130,290 Mean score on mid-term exam, part 2: 5.71
Active students:
111,90
6 Median score on mid-term exam, part 2: 6
Total videos viewed on-line:
1,510,4
64
Overall mean percentage correct on mid-
term exam:
80.10
%
Total videos downloaded:
1,430,5
00
Overall median percentage correct on
mid-term exam:
83.00
%
Total homework and exam
submissions:
296,97
8 Mean score on homework 5: 8.37
Number of students
submitting a homework: 32,346 Median score on homework 5: 8.6
Number of students
submitting an exam: 15,429 Mean score on homework 6: 8.4
Total discussion forum posts: 15,694 Median score on homework 6: 8.8
Number of students posting: 4,352 Mean score on homework 7: 7.77
Number of corny jokes made
by the professor: 8,421 Median score on homework 7: 8.2
Number of virtual students
falling in love: 6 Mean score on homework 8: 8.76
Mean score on homework 1: 8.48 Median score on homework 8: 9.2
Median score on homework 1: 9 Mean score on final exam, part 1: 9.01
Mean score on homework 2: 8.65 Median score on final exam, part 1: 9
Median score on homework 2: 9 Mean score on final exam, part 2: 4.7
Mean score on homework 3: 7.94 Median score on final exam, part 2: 5
Median score on homework 3: 8.4
Overall mean percentage correct on final
exam:
68.60
%
Mean score on homework 4: 8.21
Overall median percentage correct on
final exam:
70.00
%
Median score on homework 4: 8.6 Number of signature track signups: 3,357
Mean score on mid-term
exam, part 1: 10.31
Number of students completing 6 or more
assignments:
12,62
7
Median score on mid-term
exam, part 1: 10.6
Number of students earning a Statement
or Certificate: 9,130
Above details shows about one course which held few months back on “Financial Accounting”
in Courseera. No. of students on roll shows the significant numbers also the process of quiz and
midterm shows clear view how student responded to the professor Course. Total number student
who earn the certificate (9,130) can be used to know involvement of student and how higher
education going to change the landscape soon.
7 | P a g e
C) Issue and Challenges Of the MOOCs:
MOOCs have raised many concerns and criticisms in educational forum. Main components are-
Sustainability: According to Global Industry Analysts (2010), the global e-learning market will
reach $107 billion by 2015.Some common approaches to generate revenue are considered by
Coursera and other start-ups working in partnership with Higher education including: charging
students a fee for certificates of participation, completion or even transcripts; providing premium
services such as recruiting tools that link employers with students who have shown ability in a
given area; and philanthropic donations from individuals and companies. However, it is a
significant challenge for partner universities to generate income in these ways. In established
business models, universities have control of the customer value proposition in that they provide
any recognition of learning and set tuition fees.
Pedagogy: MOOCs have been criticized for adopting a knowledge transmission model; in
essence, they are considered to be technology-enriched traditional teacher-centered instruction
(Larry, 2012). Such systems offer an individualized experience in that they allow students to take
alternative routes through material and offer automated feedback. However, they do not provide
a social learning experience or one of being dealt with personally. Coursera leaves the design of
the courses up to the individual institutions within broad guidelines. However, it is likely that
few institutions have enough staff with significant working knowledge of online pedagogy
involved in the development of this course.
Assessment and Credit: MOOCs use quizzes as their main instrument of assessment – short
multiple choice questions with automated answers for feedback. Some may offer other types of
assessment that require open responses, but with limited resources it is possible for thousands of
essay assignments to be marked by one lecturer. Some MOOCs rely heavily on peer engagement
and assessment to support the individual student's learning process. Coursera, for example,
includes submission of essay style answers, graded through peer assessment, to balance the scale
with the available resource. Some concerns are expressed around cheating and plagiarism with
online learning, particularly where courses are eligible for academic credits. On the one hand,
MOOCs' scale may magnify the issue; on the other hand, the majority of MOOCs do not offer
academic credits so there may be fewer concerns in this respect.
3) MOOCs VS Higher Education: Innovations that deliver a physical product or a service to
consumers in such a way as to go against market expectations. Christensen (2003) identified two
types of innovations that affect organizations and businesses; sustaining and disruptive.
According to Christensen, a sustaining innovation is about improving the existing system while a
disruptive innovation creates an entirely new market, typically by lowering price or designing for
a different set of consumers or different needs of existing customers. Typically disruptive
innovations combine a new technology that has the potential to evolve rapidly, with an
8 | P a g e
innovative business model. Figure 2 presents a model of disruptive innovation that illustrates the
current development of MOOCs
Sustaining innovations target demanding, high-end customers who demand better performance
of an existing product or service and they are prepared to pay more for it – ‘undershot
customers’. Disruptive innovations, by contrast, do not attempt to bring better products to
established customers. They are innovations that develop a new-market disruption or take root at
the low-end of an existing market offering a low-end disruption with a performance that is less
than currently available products, but at a cheaper price to customers who find this attractive.
Over time, their performance improves and they move up-market, eventually competing with
established market leaders
A) Implications For Higher Education: The emergence of MOOC style innovations shows a
convergence of interests in social, economic and technology developments in education in a
global context. There is the potential for open education to play an important role in ensuring
access to education for all and addressing the issues and challenges of an ever-changing
environment that needs new ways to deliver and access to higher education in the future, these
changes include:
1. Globalization and the increased momentum for internationalization in higher education
worldwide growth and increasing demand for access to higher education, with the projection that
there will be 120million students worldwide by 2020.
2. Changing learner demographics, experience and demands of the dramatically increasing
numbers of lifelong adult learners
3. Highly increased access to personal technology and social media
4. The need for changes in cost, affordability and economic models for higher education
Therefore, there is a clear need for new business models and innovations in higher education to
meet the challenges of social and economic changes in the longer term. University model
9 | P a g e
figure 3
Within the movement towards open education, this new paradigm opens up opportunities for
sharing ideas, collaborating between institutions, educators and learners locally and
internationally, and for facilitating more meaningful engagement in teaching and learning. A
number of related aspects of openness are emerging in different areas, such as those illustrated in
Open Curriculum: learners mix educational resources, activities, and/or packages for different
disciplines to meet their needs. This places learners in charge of their own learning and ensures
that they will learn what they need to meet their personal desires and requirements.
Open Learning: instructors, experts and/or peers will, through various activities, generate and
share new ideas and new understanding during the learning process. This provides learners with
opportunities for self-determined, independent and interest-guided learning.
Open Assessment: instead of the “monopoly” on formal evaluation of learning results,
previously led by accredited education providers, assessment of what learners have learned is
carried out by their instructors, others and peers during the learning process via peer to peer or
crowd-sourced assessment with “on-demand accreditation” for learners.
Open Platform: supports a dynamic and interactive open education community by creating and
maintaining an engaging, intuitive and stable user interface for educators and learners. Cloud–
based provision and the use of open standards makes it easier for different platforms and services
to exchange information and data.
B) Implication For Higher Education Institutions: The emergence of new educational
delivery models including the rapid development of MOOCs is another source pressure on
conventional higher education institutions, but also offers opportunities for those institutions able
to change and develop new provision. It can be argued that MOOCs have the potential to impact
on higher education in two ways: improving teaching; and encouraging institutions to develop
distinctive missions that will include considerations about openness and access for different
groups of students. MOOCs also provide institutions with a vehicle to think creatively and
innovatively and to explore new pedagogical practices, business models and flexible learning
paths in their provision. Open courses based on new structures, ways or working and use of
10 | P a g e
technology can make higher education more cost effective and accessible and may also
contribute to balancing work, family and social life. Learners have access to a variety of non-
traditional learning models including access to courses and materials to self-direct their own
learning beyond their classes and institutions. More flexible models and open approaches will
encourage more mature students to participate in higher education and gain qualifications to
further their careers.
C) Implication on Educational Policy: Higher education is already experiencing a period of
unprecedented change worldwide. The cost of funding higher education has become a focus of
national policy with most governments looking for new funding mechanisms, reduced costs and
improvements in the quality of teaching and learning. There is significant momentum behind the
concept of free and open access to high quality university learning, and it is likely that content
and courses will continue to be promoted resulting in more MOOCs and other types of open
education approaches emerging. However, there is also a need to rethink current higher
education structures and policies that obstruct innovation obstruct innovation in higher education
and support different approaches and models for delivering course and degrees in institutions,
although whether the consequences of their actions are will enable or constrain innovation is
arguable. A contrasting approach is taken in Scotland, where continuing high levels of direct
government support for higher education are a priority to ensure widespread access regardless of
financial means. The big challenge for education policy is how to support openness as a core
value in higher education while creating choice for learners in HE provision from traditional
universities and new entrants.
4) Conclusions: MOOCs promise to open up higher education by providing accessible, flexible,
affordable and fast-track completion of universities courses for free or at a low cost for learners
who are interested in learning. The popularity of MOOCs has attracted a great deal of attention
from higher education institutions and private investors around the world seeking to build their
brands and to enter the education market. Institutions will need to look more closely at and learn
from the different initiatives outside traditional institutions that are developing new business,
financial and revenue models to meet the different needs of new groups of learners in an open
HE marketplace. Open education brings new opportunities for innovation in higher education
that will allow institutions and academics to explore new online learning models and innovative
practices in teaching and learning. Policy makers will need to embrace openness and make
education more affordable and accessible for all and at the same time be profitable for the
institutions in an open higher education ecosystem.
Bibliography:
1) http://www.onlinelearninginsights.com
11 | P a g e
2)http://www.insidehighered.com/views/2013/09/17/essay-efforts-address-issues-skepticism-
about-moocs
3)http://www.insidehighered.com/views/2013/05/06/essay-suggests-moocs-are-losing-their-
original-worthy-goals
4)http://www.arl.org/storage/documents/publications
5)http://mooc.illinois.edu/docs/moocs
6)http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2350964
7)http://www.psy.gla.ac.uk/~steve/localed/docs/moocReport1.pdf
8)https://www.lindenwood.edu/r2p/docs/ChenBarnettStephens.pdf
12 | P a g e

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Dissertation on MOOC

  • 1. “Changing the landscape of higher education”: MOOCs Submitted By: Punit Kishore PGPBA Praxis (Kolkata) 1 | P a g e
  • 2. Table of Contents 1. Executive Summary 3 2. Introduction 4 A) History 4 B) Analysis of MOOCs 5 C) Issue and Challenges of MOOCs 8 3. MOOCs VS Higher Education 9 A) Implication of Higher Education 9 B) Implication of Higher Education Institution 10 C) Implication of Educational Policy 11 4. Conclusion 11 5. Bibliography 12 2 | P a g e
  • 3. 1. Executive Summary Massive Online Open Courses (MOOCs) are trends towards greater openness in higher education. The phenomena of MOOCs are described, placing them in the wider context of open education, online learning and the changes that are currently taking place in higher education at a time of globalization of education and constrained budgets. They can be seen as an extension of existing online learning approaches, in terms of open access to courses and scalability, they also offer an opportunity to think afresh about new business models that include elements of open education. This includes the ability to disaggregate teaching from assessment and accreditation for differential pricing and pursuit of marketing activities. A number of MOOCs platforms have been developed and offer courses independent of or in collaboration with universities. A growing number of institutions have been involved in engaging and experimenting with MOOCs for the purpose of expanding access, marketing and branding, as well as the potential of developing new revenue streams. Motivations for learners to participate in MOOCs are varied, and many struggle to engage with courses and keep motivated in the context of an online learning environment. The market value of certification of courses, short of credit as part of traditional institutional awards, has yet to be determined. Other potential business models are being developed but need further work to establish them. The proliferation of MOOCs as an educational approach, there is a risk that the current enthusiasm is being driven by a self selecting group of highly educated, IT literate individuals who are able to navigate the sometimes complex, confusing and intimidating nature of online learning. In general, there are concerns about the pedagogy and quality of current MOOC courses, with a clear distinction between process and content-based approaches. The motivation for some MOOCs is a philanthropic one and for others a business proposition. This possibility is brought about through the combination of wider societal adoption of communication and, particularly, Internet technologies, changing funding models and the development of new business models that leverage this opportunity. These include, changes to funding whereby students pay most of their tuition fees, through student loans, and changes to national quality assurance measures so that new players can enter the market place and offer new, differentiated provision including more for-profit universities. There is also an opportunity here for open education where less traditional lecturing and more facilitative and guided approaches to education can find a place in this new landscape of online learning where increased fees for established models may act as a deterrent to students. 3 | P a g e
  • 4. 2. INTRODUCTION "Power is shifting away from selective university admissions officers into the hands of educational consumers, who will soon have their choice of attending virtually any university in the world online."-Nathan Harden MOOCs are Massive Open Online Courses and they are rapidly changing the game for higher education, executive education and employee development generally. MOOCs offer free online courses covers a growing range of topics delivered by famous and qualified lecturers from some of the well known universities like Stanford, Penselveniya etc. In this age of lifelong learning MOOCs are a means of providing learning and development to virtually everyone, anytime anywhere in the world with internet access. This has encouraged elite universities to put their courses online by setting up open learning platforms, such as Edx. New commercial start-ups such as Coursera and Udacity have also been launched in collaboration with prestigious universities, offering online courses for free or charging a small fee for certification that is not part of credit for awards. Larger corporations such as Pearson and Google are also planning to move into the sector as global players and are likely to adopt a MOOC-based approach as a part of their plan. A) HISTORY: The original concept of MOOCs came from academic research in 1960 with an idea that people could be linked by series of computers to listen, discuss and learn about a particular subject or topic. Massive Open Online Courses (MOOCs) was first introduced in 2008 by Dave Cormier to describe Siemens and Downes’ “Connectivism and Connective Knowledge” course. This online course was initially designed for a group of twenty-five enrolled, fee paying students to study for credit and at the same time was opened up to registered only learners As development in technology enables the world to access a board and diverse range of topics and subject. There could be 1,000 to 1, 00,000 participants in the single subject and create the opportunity for the world to learn. MOOCs open a opportunity for people in remote areas and developing countries as well as people with aspirations to achieve more and succeed in personal and professional without expensing too much. The original aim of MOOCs was to open up education and provide free access to university level education for as many students as possible. In contrast to traditional university online courses, MOOCs have two key features (Wikipedia, 2012): 1. Open access - anyone can participate in an online course for free 2. Scalability - courses are designed to support an indefinite number of participants These features may be interpreted differently by different MOOC providers; some MOOCs are massive but not open and some are open but not massive. The development of MOOCs is rooted within the ideals of openness in education, that knowledge should be shared freely, and the desire to learn should be met without demographic, economic, and geographical constraints. As figure 1 show, since 2000 the concept of openness in education has been evolving rapidly, 4 | P a g e
  • 5. although it has its origins in the early 20thcentury (Peters, 2008). Massachusetts Institute of Technology (MIT) established Open Course Ware in 2002 and the Open University set up Open Learn in 2006, representing an ongoing development of the open education movement. Influenced by the early development of MOOCs, various open learning platforms have been set up by elite institutions; examples from2012 include MIT edX and OU’s Future learn. A key message that emerges is that the evolution of MOOCs is leading tomore players in the market as HEI and private organizations seek to take advantage of these innovations in online learning. Example of the MOOCs- Courseera, Edx, Udacity, khan academy etc B) Analysis Of MOOCs Style: The cost of college is soaring with no end in sight, and a four- year degree at a traditional college easily can run to more than $200,000. But if anyone is willing to reduce the cost of education, it might be possible to save tens of thousands of dollars by getting a degree online. Until recently, online degrees were hardly worth the paper it took to print them out, but all that could be changing with the advent of massive open online courses, or MOOCs.Taking classes online isn't new. But MOOCs aren't just any online classes. The big difference is scale: MOOC technology platforms allow as many as tens of thousands of students to log on and watch live instructors or on-demand webinars. Like the real deal, college-based MOOCs also have homework and proctored exams, some that require students to go to a specific location to take a test. Since MOOCs burst onto the scene in summer 2012, many colleges and universities have been racing to get onboard, partnering with Internet startups to offer courses that are open to all for free on a noncredit basis. Some MOOCs have enrolled more than 100,000 online learners, and schools are beginning to offer them for credit to enrolled or prospective students. A handful of institutions have taken it a step further by offering MOOC-based degrees. Last month, the Georgia Institute of Technology announced it will offer a MOOC-based master's degree in computer science beginning in January 2014 at a fraction of the on-campus cost. 5 | P a g e
  • 6. Mount Washington College, a for-profit New Hampshire college owned by Kaplan, offers a handful of online bachelor's degree programs that the school says students could complete for as little as $19,200. Several have announced partnerships with testing centers to facilitate more reliable assessment and, eventually, credentialing of some kind. Although some of the leading MOOC providers are ostensibly for-profit, none have actually implemented a monetization strategy; though charging for credit seems to be the most likely strategy. MOOC providers seem to be following a Silicon Valley model of generating interest and excitement first, with business models to be developed later. It have been around for a while and provide opportunities for anyone to learn with experts, peers and others outside traditional universities. Table 1 indicates the major differences between the initiatives described above in The scale and open nature of MOOCs provides opportunities for expanding access to Higher Education to all and creates a space for experimentation with online teaching and learning. This exploration of new approaches for Higher Education provision has generated significant interest from governments, institutions and commercial organizations.. Commercial organizations see MOOCs as a way to enter the Higher Education market by providing a MOOC platform and developing partnerships with existing institutions and to explore new delivery models in Higher Education. For example, Udacity has teamed up with Google. Learners’ motivation to participate in MOOCs is a significant area of interest to many Higher Education stakeholders. There are many factors that influence students’ motivation to learn; these include future economic benefit, development of personal and professional identity, challenge and achievement, enjoyment and fun. The most common revenue stream for the major new MOOC providers is to charge fees for certificates. Whilst Edx is a not for-profit MOOC platform with the goal of helping universities achieve shared educational missions, in the longer term it will also need to be self-sustaining. Coursera and UDACITY are examples of for-profit organizations. Details of the “Courseera” course how MOOCs are helpful and increasing the number -Course Name- “An Introduction to Financial Accounting “by Brian J Bushee. (Typical Example of Lifecycle of course) 6 | P a g e
  • 7. Students enrolled: 130,290 Mean score on mid-term exam, part 2: 5.71 Active students: 111,90 6 Median score on mid-term exam, part 2: 6 Total videos viewed on-line: 1,510,4 64 Overall mean percentage correct on mid- term exam: 80.10 % Total videos downloaded: 1,430,5 00 Overall median percentage correct on mid-term exam: 83.00 % Total homework and exam submissions: 296,97 8 Mean score on homework 5: 8.37 Number of students submitting a homework: 32,346 Median score on homework 5: 8.6 Number of students submitting an exam: 15,429 Mean score on homework 6: 8.4 Total discussion forum posts: 15,694 Median score on homework 6: 8.8 Number of students posting: 4,352 Mean score on homework 7: 7.77 Number of corny jokes made by the professor: 8,421 Median score on homework 7: 8.2 Number of virtual students falling in love: 6 Mean score on homework 8: 8.76 Mean score on homework 1: 8.48 Median score on homework 8: 9.2 Median score on homework 1: 9 Mean score on final exam, part 1: 9.01 Mean score on homework 2: 8.65 Median score on final exam, part 1: 9 Median score on homework 2: 9 Mean score on final exam, part 2: 4.7 Mean score on homework 3: 7.94 Median score on final exam, part 2: 5 Median score on homework 3: 8.4 Overall mean percentage correct on final exam: 68.60 % Mean score on homework 4: 8.21 Overall median percentage correct on final exam: 70.00 % Median score on homework 4: 8.6 Number of signature track signups: 3,357 Mean score on mid-term exam, part 1: 10.31 Number of students completing 6 or more assignments: 12,62 7 Median score on mid-term exam, part 1: 10.6 Number of students earning a Statement or Certificate: 9,130 Above details shows about one course which held few months back on “Financial Accounting” in Courseera. No. of students on roll shows the significant numbers also the process of quiz and midterm shows clear view how student responded to the professor Course. Total number student who earn the certificate (9,130) can be used to know involvement of student and how higher education going to change the landscape soon. 7 | P a g e
  • 8. C) Issue and Challenges Of the MOOCs: MOOCs have raised many concerns and criticisms in educational forum. Main components are- Sustainability: According to Global Industry Analysts (2010), the global e-learning market will reach $107 billion by 2015.Some common approaches to generate revenue are considered by Coursera and other start-ups working in partnership with Higher education including: charging students a fee for certificates of participation, completion or even transcripts; providing premium services such as recruiting tools that link employers with students who have shown ability in a given area; and philanthropic donations from individuals and companies. However, it is a significant challenge for partner universities to generate income in these ways. In established business models, universities have control of the customer value proposition in that they provide any recognition of learning and set tuition fees. Pedagogy: MOOCs have been criticized for adopting a knowledge transmission model; in essence, they are considered to be technology-enriched traditional teacher-centered instruction (Larry, 2012). Such systems offer an individualized experience in that they allow students to take alternative routes through material and offer automated feedback. However, they do not provide a social learning experience or one of being dealt with personally. Coursera leaves the design of the courses up to the individual institutions within broad guidelines. However, it is likely that few institutions have enough staff with significant working knowledge of online pedagogy involved in the development of this course. Assessment and Credit: MOOCs use quizzes as their main instrument of assessment – short multiple choice questions with automated answers for feedback. Some may offer other types of assessment that require open responses, but with limited resources it is possible for thousands of essay assignments to be marked by one lecturer. Some MOOCs rely heavily on peer engagement and assessment to support the individual student's learning process. Coursera, for example, includes submission of essay style answers, graded through peer assessment, to balance the scale with the available resource. Some concerns are expressed around cheating and plagiarism with online learning, particularly where courses are eligible for academic credits. On the one hand, MOOCs' scale may magnify the issue; on the other hand, the majority of MOOCs do not offer academic credits so there may be fewer concerns in this respect. 3) MOOCs VS Higher Education: Innovations that deliver a physical product or a service to consumers in such a way as to go against market expectations. Christensen (2003) identified two types of innovations that affect organizations and businesses; sustaining and disruptive. According to Christensen, a sustaining innovation is about improving the existing system while a disruptive innovation creates an entirely new market, typically by lowering price or designing for a different set of consumers or different needs of existing customers. Typically disruptive innovations combine a new technology that has the potential to evolve rapidly, with an 8 | P a g e
  • 9. innovative business model. Figure 2 presents a model of disruptive innovation that illustrates the current development of MOOCs Sustaining innovations target demanding, high-end customers who demand better performance of an existing product or service and they are prepared to pay more for it – ‘undershot customers’. Disruptive innovations, by contrast, do not attempt to bring better products to established customers. They are innovations that develop a new-market disruption or take root at the low-end of an existing market offering a low-end disruption with a performance that is less than currently available products, but at a cheaper price to customers who find this attractive. Over time, their performance improves and they move up-market, eventually competing with established market leaders A) Implications For Higher Education: The emergence of MOOC style innovations shows a convergence of interests in social, economic and technology developments in education in a global context. There is the potential for open education to play an important role in ensuring access to education for all and addressing the issues and challenges of an ever-changing environment that needs new ways to deliver and access to higher education in the future, these changes include: 1. Globalization and the increased momentum for internationalization in higher education worldwide growth and increasing demand for access to higher education, with the projection that there will be 120million students worldwide by 2020. 2. Changing learner demographics, experience and demands of the dramatically increasing numbers of lifelong adult learners 3. Highly increased access to personal technology and social media 4. The need for changes in cost, affordability and economic models for higher education Therefore, there is a clear need for new business models and innovations in higher education to meet the challenges of social and economic changes in the longer term. University model 9 | P a g e
  • 10. figure 3 Within the movement towards open education, this new paradigm opens up opportunities for sharing ideas, collaborating between institutions, educators and learners locally and internationally, and for facilitating more meaningful engagement in teaching and learning. A number of related aspects of openness are emerging in different areas, such as those illustrated in Open Curriculum: learners mix educational resources, activities, and/or packages for different disciplines to meet their needs. This places learners in charge of their own learning and ensures that they will learn what they need to meet their personal desires and requirements. Open Learning: instructors, experts and/or peers will, through various activities, generate and share new ideas and new understanding during the learning process. This provides learners with opportunities for self-determined, independent and interest-guided learning. Open Assessment: instead of the “monopoly” on formal evaluation of learning results, previously led by accredited education providers, assessment of what learners have learned is carried out by their instructors, others and peers during the learning process via peer to peer or crowd-sourced assessment with “on-demand accreditation” for learners. Open Platform: supports a dynamic and interactive open education community by creating and maintaining an engaging, intuitive and stable user interface for educators and learners. Cloud– based provision and the use of open standards makes it easier for different platforms and services to exchange information and data. B) Implication For Higher Education Institutions: The emergence of new educational delivery models including the rapid development of MOOCs is another source pressure on conventional higher education institutions, but also offers opportunities for those institutions able to change and develop new provision. It can be argued that MOOCs have the potential to impact on higher education in two ways: improving teaching; and encouraging institutions to develop distinctive missions that will include considerations about openness and access for different groups of students. MOOCs also provide institutions with a vehicle to think creatively and innovatively and to explore new pedagogical practices, business models and flexible learning paths in their provision. Open courses based on new structures, ways or working and use of 10 | P a g e
  • 11. technology can make higher education more cost effective and accessible and may also contribute to balancing work, family and social life. Learners have access to a variety of non- traditional learning models including access to courses and materials to self-direct their own learning beyond their classes and institutions. More flexible models and open approaches will encourage more mature students to participate in higher education and gain qualifications to further their careers. C) Implication on Educational Policy: Higher education is already experiencing a period of unprecedented change worldwide. The cost of funding higher education has become a focus of national policy with most governments looking for new funding mechanisms, reduced costs and improvements in the quality of teaching and learning. There is significant momentum behind the concept of free and open access to high quality university learning, and it is likely that content and courses will continue to be promoted resulting in more MOOCs and other types of open education approaches emerging. However, there is also a need to rethink current higher education structures and policies that obstruct innovation obstruct innovation in higher education and support different approaches and models for delivering course and degrees in institutions, although whether the consequences of their actions are will enable or constrain innovation is arguable. A contrasting approach is taken in Scotland, where continuing high levels of direct government support for higher education are a priority to ensure widespread access regardless of financial means. The big challenge for education policy is how to support openness as a core value in higher education while creating choice for learners in HE provision from traditional universities and new entrants. 4) Conclusions: MOOCs promise to open up higher education by providing accessible, flexible, affordable and fast-track completion of universities courses for free or at a low cost for learners who are interested in learning. The popularity of MOOCs has attracted a great deal of attention from higher education institutions and private investors around the world seeking to build their brands and to enter the education market. Institutions will need to look more closely at and learn from the different initiatives outside traditional institutions that are developing new business, financial and revenue models to meet the different needs of new groups of learners in an open HE marketplace. Open education brings new opportunities for innovation in higher education that will allow institutions and academics to explore new online learning models and innovative practices in teaching and learning. Policy makers will need to embrace openness and make education more affordable and accessible for all and at the same time be profitable for the institutions in an open higher education ecosystem. Bibliography: 1) http://www.onlinelearninginsights.com 11 | P a g e