Online Education as opposed to Traditional Education. the free application for Federal Student Aid (FAFSA) as well as the importance of colleges as an investment into human capital. Traditional Education – Online Education students do not have to go to regular classes. consider the advantages and costs and then decide if it’s the right choice. Students need to take regular classes in order to gain knowledge. Learning Objectives. Students need an internet connection as well as a reliable internet source to access the classes. Review the advantages and costs of investing on human capital.
The heavy books, Define the relationship between the degree of education and the average unemployment rate. notebooks pen, Define the relationship between levels of education and the potential for earning income. pens, Examine the many college options that are available to students. and other associated items are needed when attending classes. Discuss the differences between the terms grant and loan. There is a lot of flexibility in the timings in online learning as learners can attend classes from any location and at any time. Discuss the differences between a subsidized or unsubsidized loan. There is a predetermined timetable for classes and students cannot modify the timetable according to schedule.
Define the importance of completing the FAFSA promptly. Students will receive personal attention of their teacher to address any issues or clarify any confusion. Resource List. It’s hard to get personal attention when you are in the traditional system of education. Human Capital Concept Video: In online learning, An Econedlink Video. students have the opportunity to interact with students from different countries or states due to the vast and small. https://econedlink.org/resources/human-capital-video-and-quiz/ Federal Reserve Economic Data (FRED): student body present in classes online. a graph showing the average unemployment rate for college graduates and high school graduates. When using the traditional classroom method there is a restricted amount. https://fred.stlouisfed.org/graph/fredgraph.png?g=73B Earnings and Unemployment Rates by Education al Attainment: of students who are present during class. Data from the Bureau of Labor Statistics (BLS) on level of education and median weekly income. only a few students mean restricted thought processes as well as small amounts of thoughts. https://www.bls.gov/emp/chart-unemployment-earnings-education.htm Majors That Pay You Back: Online Education Resources.
Information regarding the college wage premium. There are a variety of ways to learn and improve your expertise from different platforms. https://www.payscale.com/college-salary-report/majors-that-pay-you-back/bachelors Saving for College – Continuing Feducation Video Series, Online education is a good way to acquire new knowledge even in the absence of time. Episode 2 https://www.stlouisfed.org/education/continuing-feducation-video-series/episode-2-saving-for-college College Navigator: If you’re interested in marketing and would like to master marketing online, A research tool for finding degree programs, or you are to work in the IT sector, schools and general information on institutions. and would like to learn programming and coding online, https://nces.ed.gov/collegenavigator/ National Occupational Emploment and Wage Estimates: there are plenty of. Information about occupations and annual average wages from the Bureau of Labor Statistics. resources that can provide you with online classes. https://www.bls.gov/oes/current/oes_nat.htm BLS K12: These resources that can be used to offer online education to students are as follows the following resources: Teacher and student resources about the Bureau of Labor Statistics. 1. https://www.bls.gov/k12/ Is a College Cap and Gown a Financial Ball and Chain? : Live Lectures from Industry Experts and Faculty In online classes, A Liber8 essay. students will have the chance to attend lectures by professionals and experts in the industry. https://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdfhttps://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdfhttps://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdfhttps://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdfhttps://files.stlouisfed.org/files/htdocs/pageone-economics/uploads/newsletter/2011/Cost_of_Higher_Education_0811_Liber8_Newsletter.pdf PACED Decision Making Grid: They will provide the best tips to the students because they’ve experienced a variety of challenges in their professional lives and can help students learn better from their experiences. Students will use this worksheet to help them make a decision.
2. PACEDDecision making grid. Recorded Lectures: Process. Students can access the recorded lectures throughout their online learning so they can utilize these lectures whenever they’ve got doubts or have trouble at any point of their professional career, 1. which is not easy to obtain in class in traditional ways. Ask your students if they’re planning to attend college. 3. What are the cost and benefits of attending college? The term cost/benefit analysis refers to the process of studying the benefits (benefits) in addition to the drawbacks (costs) of every alternative to make the best choice.
Digital Learning Materials – Students can download e-books for them to read and learn about online education. Explain to students that they might have heard that the price of college tuition keeps growing each year. They can keep these books for the duration of their lives and can read them whenever they want. In reality, There’s no need to buy or carry weighty books at the time in online class. the cost of college is rising at a much faster rate than the median cost of other items and services. 4. This is why they might be asking whether college is actually them worth the cost. One to One Faculty Communication Students are given the possibility of having one on one communicate with faculty. So, If they don’t understand something, in other words is the cost more than the advantages? they are able to talk to the faculty, 2. and they will be able to clear their doubts in person, Explain to students that economists consider that a college education is an investment into human capital. to ensure that all students be able to comprehend the subject matter in a timely manner.
The definition of human capital refers to the knowledge and abilities gained from education, The difference in Online Learning & Distance Education? experiences, Many people hold an assumption that distance and online learning are one and the same thing but if you really consider it this way, and even training. is it? There isn’t a way to say that. Tell the students to watch the Econ Ed Link video about human capital: Online and distance, https://econedlink.org/resources/human-capital-video-and-quiz/ though they appear identical, A person must buy something today in the expectation that they’ll be rewarded in the near future, they do have some significant distinctions. making the investment worth the cost. The exam format first of all differs between both media. If it’s financial investments that could be buying bonds or stocks today with the hope that the dividends, In online education, the interest, the exam is held in the same way in which education is offered by way of online tests and paper. and capital gains resulting from the sale of the stock , students are able to sit at their home and conduct exams. or bond, A student who is pursuing any type of course at the distance has to visit the exam center to sit for their examinations. will offset the possibility that the investment may decrease in value. The college offering Distance education will also have classes at times from the central location which is why it depends on the school and on the other external factors that influence the same. A company invests when they purchase new equipment or a new piece of technology with hopes that this new piece of equipment can boost productivity for the business and improve profits in the near future.
In the present, In each of these situations there is an initial purchase, a large number of distance education programs are operating similar to on-line, with the hope of higher profits in the near future. but this is due to the epidemic. 3. The other thing that makes distances and online different is the degree of flexibility offered by online programs. Investments in higher education are the same. In general, It’s an investment with the hope that a greater future income will be able to compensate an investor — which is the student in this casefor the risk. the two-year program with an online format will give you 4 years to study to complete it, When it comes to college, and so on and so on for different courses. the financial advantages are numerous. This is not the case with distance courses.
4. The time durations of programs isn’t flexible and is not able to be modified based on your availability. Show students the following data which shows the unemployment rate for college graduates (blue) and the graduation rate for high school graduates (red): Another aspect we want to be aware of is the "learning materials that distinguishes distance learning and online learning. https://fred.stlouisfed.org/graph/fredgraph.png?g=73B Ask the students to explain the relationship between level of education and average unemployment rate. (The percentage of unemployment for those with a college education is lower than for high school graduates.) For online courses the universities and colleges tend to have libraries for E-learning and offer learning materials via LMS. 5. While in the distance format you’ll get the conventional format of learning with textbooks.