Latepost Moocs As Well As Books: Spanning The Digital Divide
As those of you lot who create got followed my weblog for awhile know, I post only before the start of a novel semester virtually my upcoming classes in addition to ways inwards which you lot can, if you lot thence desire, hold out part of the experience. In only nether a week, on September 4, I volition start the 50 origin iteration of my valuation cast to the 2d twelvemonth MBAs at the Stern School of Business at New York University. I am only every bit excited today, every bit I was when I taught my origin version of this cast inwards the 1980s, in addition to I create got learned in addition to move along to larn virtually valuation, each fourth dimension I instruct this class.
Looking back, though, I am struck yesteryear both how petty in addition to how much engineering scientific discipline has changed my classes over the final 3 decades. The house where at that topographic point has been the to the lowest degree alter is inwards the classroom, where, every bit an sometime fashioned lecturer, my requirements create got remained constant: a podium (though I hardly ever stand upwards behind one), a working microphone in addition to a willing/curious audience. I however ready for classes, just the means I did for my rattling origin class, running through the lecture inwards my caput in addition to getting my narrative inwards place. The slides I role may await slightly to a greater extent than polished than the paw written slides I used 20 5 years agone in addition to the projectors may hold out brighter & sleeker, but they remain props that I tin move alive without. It is truthful that I create got to compete for the attending of my stiudents against to a greater extent than powerful distractions (as tablets, smartphones in addition to computers remain propped open), but that is a challenge I enjoy (and sometimes lose).
So, what has engineering scientific discipline changed? First, it has given me richer ways of explaining the nuts in addition to bolts of issue crunching to those who are interested. Last semester, I seat a series of webcasts on valuation/corporate finance practice (from creating trailing 12-month financials, converting leases to debt, computing implied equity peril premiums). Second, it has allowed me to roam the globe without leaving the confines of my office. Today, I used Skype Premium to give a two-hour alive beak on teaching to a grouping of freshly minted doctoral students inwards Hyderbad, India, where they were able to encounter me (and my presentation) in addition to interact. Third, it has allowed me to bundle the classroom experience in addition to offering it to a much wider audience. This semester, every bit inwards the final few, I volition hold out putting my valuation cast online, alongside naught held back. In the 26 sessions, starting September four in addition to ending Dec 13, I volition endeavour to bundle in addition to introduce through everything I know or create got learned virtually valuation, piece also revealing to you lot the swell bargain that I create got left to learn. The cast is meant for 2d twelvemonth MBAs but if you lot create got the basics of accounting, similar working inwards the numbers in addition to are willing to seat inwards the time, you lot should non notice it likewise steep a climb. If you lot thence desire, you lot tin move spotter every lecture, review every slide, do every exam/project in addition to fifty-fifty read every electronic mail I ship the class. There are 3 forums you lot tin move use:
My site: http://people.stern.nyu.edu/adamodar/New_Home_Page/webcasteqfall13.htm
Entry requirements: None. There should hold out no password required to spotter the webcasts or download material.
Description: If you lot create got a figurer in addition to a decent broadband connection, you lot tin move role the link to a higher house to access all of the resources that my regular cast has access to. The slides are posted at the pinnacle of the page (and are downloadable) in addition to the sessions volition hold out posted sequentially every bit I instruct them. You tin move spotter them inwards ane of 3 ways:
- If you lot don't wish large video files (125-200 MB) inhabiting your computer, you lot tin move stream them from the NYU server. (Warning: The files are large in addition to tin move hang up, if your connexion is slow).
- If you lot don't hear downloading the files on to your computer, you lot tin move download the video file (usually inwards mp3 format) in addition to spotter it either inwards your browser or afterward on your media histrion of choice.
- If you lot prefer only an good file, you lot tin move download the lecture inwards only good format in addition to thence role the slides that you lot create got downloaded to supplement the lectures.
Lore: http://lore.com
Entry requirements: Once on the site, click on Join your course, in addition to move into the code DMR44Z. It volition allow you lot audit the class.
Description: Lore is an online pedagogy companionship that I create got used for to a greater extent than than 2 years at ane time which marshals what is on my website into to a greater extent than bite-sized in addition to organized pieces. As alongside the website, you lot volition hold out able to spotter the lectures through Lore in addition to download the slides. One wages that Lore has is that is has a word board where you lot tin move lavatory post questions (or answer them) in addition to articles/news for discussion.
iTunes U: https://itunesu.itunes.apple.com/audit/COJN7B8T55 (Link plant alone from Apple device, non computer).
Entry requirements: An Apple iPad or iPhone alongside the iTunes U app (free) installed, An Android tablet/phone alongside the Tunesviewer app (free). First, download the iTunes U app on to your device. Then, click on the link to a higher house from your device. Alternative, click on Catalog, in addition to thence click on the ENROLL push clit at the bottom of the Catalog page in addition to enter J7R-DK5-BM3 when prompted. Description: This is the latest add-on to my online choices in addition to it has the smoothest interface. The lectures opened upwards up on your iPad in addition to the lecture notes in addition to tests tin move hold out viewed on the device every bit well. The best (and worst) characteristic of the iTunes U version is that it sends you lot a notification when something is added to the class; this tin move of course of instruction hold out irritating in addition to you lot tin move plough it off.
I know that some of you lot are wondering why I am non using Udacity, Coursera or EdX to seat my lectures online, but at that topographic point are 2 impediments. The origin is that volition require understanding at the academy level, which I cannot (and create got no wish to) force. The 2d is that these entities create got their ain long term interests to holler upwards virtually (which I respect) but those interests may non hold out congruent alongside yours in addition to mine.
I know that some of you lot create got started on my class, inwards before semesters, alongside the intent of finishing but life has got inwards the way. If you lot experience upwards to it, give it some other shot in addition to encounter if you lot tin move acquire a petty farther this time. Remember also that piece the classes volition hold out posted every bit they occur, the webcasts in addition to fabric volition remain online for a twelvemonth in addition to you lot tin move grab upwards over time. In fact, for those of you lot who prefer to encounter the consummate packaged version of the entire class, my classes on corporate finance in addition to valuation from the restrain are on iTunes U every bit good inwards archived form:
Archived Corporate Finance cast (Spring 2013)
Archived Valuation cast (Spring 2013)
In my other avatar, I similar writing virtually what I teach, in addition to only every bit engineering scientific discipline is delivering alter (often disruptive) to the pedagogy business, it is starting to brand itself felt inwards the publishing business. Influenza A virus subtype H5N1 few months ago, I finished my 2d edition of ane of my books on investments (Investment Philosophies) in addition to every bit I readied the e-Book version, I realized how petty I was using the might of technology, since the eBook was naught to a greater extent than than the onscreen version of my physical book. Consequently, my publisher (John Wiley & Sons), Symynd (a companionship that carried my valuation cast online final semester) in addition to I got together a few months agone on novel project, where nosotros tried to expand the digital attain for the majority yesteryear combining it alongside the cardinal aspects of an online class. Since I create got e'er wanted to instruct the investment philosophies cast (and create got never had a direct chances to do so), I was on board, in addition to created 38 webcasts (about fifteen minutes apiece), tied to chapters inwards the book. The bundled product, containing the book, webcasts, slides in addition to post-class exercises, is at ane time available on Symynd's website. The book/course costs $75, but you lot tin move acquire it for $45 until September 16, 2013, if you lot move into the promo code PROMO75. Since the majority lonely costs virtually the same, you lot tin move holler upwards of the course of instruction every bit beingness icing on the cake for free. In the adjacent few months, Symynd/Wiley/I are planning to do the same alongside my applied corporate finance in addition to valuation books. If you lot are budget constrained in addition to are unable to pass the $45, I create got created both an online version in addition to an iTunes U course around the webcasts, slides in addition to exercises. It is non every bit polished every bit the Wiley/Symynd version in addition to it does non come upwards alongside the book, but it does render the essence of the class.
I reckon myself lucky to hold out inwards 2 businesses, pedagogy in addition to publishing, that are inwards the midst of disruptive change. For those inwards both businesses who are defenders of the condition quo, the alter that is coming volition threaten many long standing (and indefensible) privileges including tenure, bundling in addition to lack of accountability. For the residuum of the world, though, who create got create had to musical rhythm out out outlandish amounts of coin every bit college tuition in addition to to pay absurd sums for "new" editions of college text books, I promise that the alter delivers much needed expert intelligence (and power).
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