An economic appraisal of MOOC platforms: business models and impacts on higher education

Paul Belleflamme and Julien Jacqmin

No 2014039, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: We start by using various economic and pedagogical concepts to understand the specificities of MOOC (Massive Online Open Courses) platforms. We then discuss how the private provision of MOOCs, seen as pure public goods, can be sustained. Based on the theory of multisided platforms, we analyse five ways to monetize the MOOC business. Our conclusion is that the most sustainable approach is what we call the ‘subcontractor model’, flavored by touches of the other four models. We then claim that MOOC platforms can play a key transformative role in the higher education sector by making teaching practices evolve, rather than by replacing incumbent institutions. Finally, we derive a number of directions for public policy: governments should act to foster the cooperation between MOOC platforms and other higher education institutions, so as to improve the benefits that can arise from these technological innovations; a particular focus should also be given to professors in order to encourage them to innovate in their teaching practices

Keywords: higher education; distance learning; multisided platforms (search for similar items in EconPapers)
JEL-codes: I21 I23 L31 L86 (search for similar items in EconPapers)
Date: 2014-11-05
New Economics Papers: this item is included in nep-edu and nep-hme
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: An Economic Appraisal of MOOC Platforms: Business Models and Impacts on Higher Education (2016)
Working Paper: An economic appraisal of MOOC platforms: business models and impacts on higher education (2016)
Working Paper: An Economic appraisal of MOOC platforms: business models and impacts on higher education (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:2014039

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