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A Critics Guide to MOOCs on the cheap

Summary:
I think MOOCs (Massively Online Open Courses) are massively overhyped by university administrators who ignorantly fantasize that this will make for cheaper universities with more compliant academics. Doing MOOCs well in fact costs a fortune–far more than the per student cost of a good lecturer–because it costs serious programming dollars to do MOOCs well. That ...

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Steve Keen considers the following as important:

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I think MOOCs (Massively Online Open Courses) are massively overhyped by university administrators who ignorantly fantasize that this will make for cheaper universities with more compliant academics. Doing MOOCs well in fact costs a fortune–far more than the per student cost of a good lecturer–because it costs serious programming dollars to do MOOCs well.



That said, MOOCs do enable good academics to communicate to a wider audience, and I’ve done that moderately effectively via YouTube, with just Powerpoint, Snip, BB Flashback and my Minsky software to help. This video quickly covers the basics of a cheap approach to getting into online video for education.



Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

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