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Rapid Growth of Massive Open Online Courses (MOOCs) and the Market for University Graduates

The Asian Journal of the Scholarship of Teaching and Learning (AJSoTL), Forthcoming

21 Pages Posted: 19 Nov 2014  

Aamir Rafique Hashmi

University of Calgary - Department of Economics; University of Calgary

Date Written: September 26, 2014

Abstract

Massive Open Online Courses (MOOCs) have seen exponential growth over the last couple of years. Their growth has now reached a point where some institutions of higher learning have started to offer degrees based entirely on MOOCs. In this note, I consider the implications of this development for the market of university graduates. I use a simple model of labor market to show that an increase in the supply of university graduates or a skill mismatch between jobs and graduates can lead to more unemployment and/or underemployment among the university graduates. To the extent the MOOCs increase the supply of university graduates or worsen the skill mismatch, they will aggravate the problems of graduate unemployment and underemployment.

Keywords: MOOCs; Technology in Education; Higher Education; Graduate Unemployment; Graduate Underemployment

JEL Classification: A10; J20

Suggested Citation

Hashmi, Aamir Rafique, Rapid Growth of Massive Open Online Courses (MOOCs) and the Market for University Graduates (September 26, 2014). The Asian Journal of the Scholarship of Teaching and Learning (AJSoTL), Forthcoming. Available at SSRN: https://ssrn.com/abstract=2526614

Aamir Hashmi (Contact Author)

University of Calgary - Department of Economics ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada

University of Calgary ( email )

2500 University Drive NW
Calgary, Alberta T2N 1N4
Canada

HOME PAGE: http://aamirhashmi.com

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