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edX MOOC – Modern Monetary Theory: Economics for the 21st Century – Q&A

Summary:
It’s Wednesday, and our edX MOOC – Modern Monetary Theory: Economics for the 21st Century – ended its four-week run today. We are exploring making it available again in the coming months as well as floating an advanced course (see below). Today, I publish a short video where I answer the questions posed by students in the MOOC as part of our last week ‘Bill Board’. We asked students to pose questions and vote on which ones they thought should be prioritised. I chose the top (almost) 3 to answer. And then we have some music, being Wednesday. MOOC Modern Monetary Theory: Economics for the 21st Century Our 4-week edX MOOC – Modern Monetary Theory: Economics for the 21st Century – comes to an end today (March 31, 2021) and I hope those who participated in it found the experience rewarding.

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It’s Wednesday, and our edX MOOC – Modern Monetary Theory: Economics for the 21st Century – ended its four-week run today. We are exploring making it available again in the coming months as well as floating an advanced course (see below). Today, I publish a short video where I answer the questions posed by students in the MOOC as part of our last week ‘Bill Board’. We asked students to pose questions and vote on which ones they thought should be prioritised. I chose the top (almost) 3 to answer. And then we have some music, being Wednesday.

MOOC Modern Monetary Theory: Economics for the 21st Century

Our 4-week edX MOOC – Modern Monetary Theory: Economics for the 21st Century – comes to an end today (March 31, 2021) and I hope those who participated in it found the experience rewarding.

This is was our first – MMTed – venture and working with the highly skilled team at the University of Newcastle has helped us develop a range of skills that will be useful into the future.

We now have experience in putting together a digital on-line learning course which we are deploying to not only improve the introductory MOOC (just offered) but also offer a more advanced course in the coming months.

Filming for the advanced course has started already and it will offer more detailed modules in areas like bond markets, trade and foreign exchange, labour market dynamics and banking.

I am also in discussions with universities to explore the prospect of delivering teaching material to their programs that would allow students to take award courses within existing academic programs.

Of course, I continue to be grateful to those who have donated amounts to help get MMTed off the ground.

The MOOC was a sort of demonstration case of what we think can be achieved. We need more financial assistance but we are extremely thankful for what we have been able to garner to date as a result of the generosity of many.

More than 3,200 students took the course and we will look forward to seeing you all participating in our future offerings.

In Week 4, we posted a Bill Board – which gave students a chance to pose questions and then vote on the questions once posted. I made the commitment that I would choose the top 3 or so questions and answer them.

Here is the short video response I made as part of that commitment.

The third-placed question (according to the votes) was not answered because it related to quite complex issues about trade, which I could not reasonably answer in a few minutes and will be part of the next course we offer.

Music – For Free

This is what I have been listening to while working today.

One of my best friends is in hospital today, and, very sadly, will not make it through. He was a working class man with hardly any formal education and lots against him.

But he was able to self-educate himself, learn Spanish, read widely and become erudite in all sorts of areas. He has an advanced social conscience. He is also a very generous person and I will miss him terribly.

This song is about the unheralded people in the world who do great things but are often passed by for those who seek celebrity and the glitz.

It was written and first recorded by – Joni Mitchell – and was on her excellent 1970 album – Ladies of the Canyon (Reprise)

This version is on Lana del Rey’s new album – Chemtrails at the Country Club – which has some great songs on it.

The harmonies are exquisite. It features Zella Day (first verse) and Weyes Blood (third verse).

Take care Geoff!

And this is the Joni Mitchell – version.

That is enough for today!

(c) Copyright 2021 William Mitchell. All Rights Reserved.

Bill Mitchell
Bill Mitchell is a Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at the University of Newcastle, NSW, Australia. He is also a professional musician and plays guitar with the Melbourne Reggae-Dub band – Pressure Drop. The band was popular around the live music scene in Melbourne in the late 1970s and early 1980s. The band reformed in late 2010.

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