As part of the membership, the B-school will provide several of its courses on the edX platform for free. The courses from Indian Institute of Management Bangalore will become available on the edX platform within the year.
IIM-Bangalore is also the first Indian B-School to join the non-profit MOOC platform. Several other Indian institutes — including IIT Bombay and BITS Pilani already offer their video lectures and notes to edX.
The edX, unlike other MOOCs, is a nonprofit platform. It offers free courses comprising video lectures, notes, assignment, and virtual labs. The enrolled students are given a certificate of successful completion at the end of the course, however, they do not get any course credit. The enrolled participants, however, may choose to opt for a “verified-certificate” which can act as a proof that they actually took the course. It should be noted that verified certificates, unlike the certificate of successful completion come with a fee.
Over the last few years, the MOOCs have fueled several controversies. While many professors and teaching staff find this medium of education as a threat to their jobs, the platform itself is yet to prove how effective it is. Last year, San Jose State suspended its partnership with Udacity, another popular MOOC after half of its students failed in their final exams.
Nonetheless, the edX — much like other MOOCs — is a platform that helps spread the quality education to wider audience — which undoubtedly will help students including and especially the ones who couldn’t afford it otherwise.
edX employs two partnership models to compensate the participating universities but both models only work when edX is able to generate money from the courses. One of the models let edX keep all the revenue until it reaches a threshold amount. After reaching the threshold, the university and the MOOC share the revenue.
In the other model, the organization charges a base rate of few hundred thousand dollars for each new course, in addition to a specific amount if the course is offered for an additional term. It is yet to learn the nature of agreement that IIM-B has with the edX.
The demand of such courses have been surging in India. NPTEL, which offers courses from IITs and IISc is the 45th most popular YouTube channel in India. It offers around 15,900 videos that have clocked over 115,842,812 views. Earlier this year, it launched a new e-learning course where it started to offer notes, assignments and tests, in addition to video lectures.