“(Technology) is not making teaching obsolete. If anything, it is making the craft of teaching more important” … The Economist, 22nd July 2017
It all began in November, 2014 when I attended the edX Global Forum in Boston. All through the dreary eighteen-hour flight from Bangalore (where I live and work) to Boston, I was restless and unsure, perhaps even skeptical, about MOOCs and the role of technology in education; would I ever tune in to that mode of teaching and learning?
Three days later, when I flew out of Boston at the conclusion of the edX Global Forum, that dilemma had vaporized. My mind was made up, digital learning and more specifically the ‘flipped classroom’ was the way to go! In hindsight, a panel-discussion at the edX Global Forum in which a group of students from edX partner institutions shared their experience about the flipped classroom and how they benefited from it was the ‘inflection point’!
During my flight back to Bangalore and in the days that followed, I chanced upon a few reinforcing statements (unable to recall the source): (1) “Do not confine your students to your own learning, for they are born in another time” (Chinese Proverb?) and (2) “…today’s students are the YouTube and What’s App generation. If their expectations are not met in the classroom, they will resort to the Internet and YouTube to learn!”
Ever since my ‘tryst’ with edX in November 2014, I built and deployed three MOOCs on edX.org in the ‘Banking and Financial Markets’ domain during 2015-16 based on the courses I teach MBA students at the Indian Institute of Management-Bangalore (IIM-Bangalore). By the winter of 2016 those three MOOCs had reached nearly 30,000 students from over a hundred fifty countries on the edX platform. The feedback from the learners was very flattering indeed!
Buoyed by that experience, and recalling the panel discussion on ‘flipped classroom’ at the edX Global Forum in the winter of 2014, I decided to relaunch the courses I teach in the MBA Program at IIM-Bangalore in the ‘flipped classRoom’ format, embedding my 100+ MOOCs videos into those courses. In the ‘flipped classroom’ pedagogy, students watch 3 to 4 videos each of 8 to 10 minutes duration before coming to class, to comprehend the concepts and theories in their own time and at their own pace. In the classroom session that follows, I engage in a Q&A interaction with the students for the first half hour to ensure that they have indeed viewed the videos and grasped the concepts and theories. In the following one hour, the deliberation in the class is taken to the next level when students apply those concepts and theories by solving problems, working on spreadsheets, discussing short cases, etc. I also revisit ill-understood concepts and facilitate peer- to-peer interaction and learning.
Students have, in their course feedback stated that their overall learning experience and knowledge intake had significantly enhanced in the ‘flipped classroom’ pedagogy.
This mode of teaching and learning won the ‘Teaching Innovator’ award from the Ministry of Human Resources Development, Government of India in 2016.
Later, when edX launched with Professional Certificate Programs, my course team and I significantly enhanced the contents (and the rigor) in the original three MOOCs and turned them into a Professional Certificate Program titled ‘Risk Management in Banking and Financial Markets’ comprising five MOOCs and a proctored exam. The first run of the program was launched in August 2018 and successfully concluded in February 2019. Over 25,000 learners from around the world register for the program and 300+ cleared the exam which is testimony to the depth and rigor of the program, both in terms of contents and the evaluation process.
A repeat delivery of that Professional Certificate Program commenced on 5th April 2019 and will go through to end-September, 2019.
If you are currently working in (or wish to get employed) in a bank, brokerage firm, mutual fund or an information technology company and would like to enhance your knowledge and skills in risk management, this Program will be of great value. Click Here for more details.