It’s without question that due to lockdowns happening across the globe to mitigate the spread of COVID-19, education has had to move online. But this migration from traditional classroom environment to digital workspaces is not a new trend. In fact, it started pre-pandemic and it will stick around for much longer than the virus outbreak itself.
As technology advances every day, it is obvious that it will eventually become a key part of any industry. The field of education is no different as the integration of technology with it has opened the door for new options that are transforming the way people learn for the better. Here are a few reasons online learning is here to stay.
1. It’s Flexible To Individual Needs:
Online education allows teachers the opportunity to meet student’s individual needs and style. Different schedules can be set that benefits every student per their individual learning page. Technology and data can help teachers better place students in groups based on their grasping capabilities and focus on learning methods that are effective based on the types of students they are working with. Students who struggle in traditional learning environments can use tons of online resources to help them get past roadblocks. For example, Studypool, a platform that offers affordable on-demand online tutoring and access to millions of student documents for download, can help students optimize their learning beyond the classroom.
2. You Get to Choose from a Wide Selection of Courses:
There are many limitations to in-person education and an obvious one is physical limitation. The need to travel, whether a short or long distance, to be in-person on a school campus can be a huge roadblock for students. And even if students have the ability to attend an academic institution in person, that institution may be lacking teachers for certain subjects they want to learn. Online education breaks this barrier of physical boundaries. Students can access teachers who are on the other side of the globe, hence the choice of course and subjects one can learn is limitless.
3. You Save Time:
Another benefit of online learning is the time efficiency. Students need not travel to their classes and can learn according to the schedule that works for them. This can be especially helpful for those who might be balancing a job or family life while enrolled in their course. Also, unexpected conditions that can affect one’s ability to commute to school get eliminated. The latest pandemic has affected many students enrolled in in-person schooling, but online education needs no physical contact which makes it the most viable option now.
4. Lower Total Costs:
Online courses are cheaper for students and for schools. Without the need to pay for campus rent to run the classes, schools can charge lower fees for online courses. The commuting costs of the staff and students become nil, also the course material can be supplied online, hence there are no printing charges.
5. You Get to Meet Global Students:
As there are students from all over the world who enroll in online courses, there’s an opportunity to virtually meet and collaborate with a diverse group of people. This can expose students to other cultures they would not have an opportunity to engage with otherwise. It’s particularly beneficial for students who don’t live in cosmopolitan cities and would otherwise not interact with international students at their local colleges.
6. Better Participation:
Students can be shy to ask questions in a classroom environment, but online classes can be less intimidating simply due to the buffer of a keyboard. Students can type questions in a chat to their peers and professors, sometimes anonymously. This encourages typically quieter students to participate in class discussions. Online chats can also serve as useful study material students can refer back to if they need to clarify any doubts and reduce the need to take notes so the students can be focused on absorbing and participating in the lesson.
7. Easy Access to Lectures and Class Material:
As online classes are conducted through learning management systems (LMS), many institutes send you the class recordings so you can repeat it and understand the subject better. Especially in more advanced courses, the curriculum can be very fast paced so having access to all class materials to re-listen or watch allows students who need more time to absorb the content a better chance of learning and succeeding in the course. This also means that if a student is out sick or has to miss a class for some reason, they can always access it later and catch up.
KNOW THE DIFFERENCE BETWEEN ECONOMICS VS. FINANCE
Both economics and finance are terms related to similar backgrounds. Possibly this is the reason why one term is confused with another. This article is an attempt to differentiate between finance and economics. Though both the terms are related to money matters, there are certain lines that differentiate finance from economics.
Economics is the study of the market and non-market components related to money. It involves the study of the market, its components, its predicted behaviour based on the global economic trends at the micro level. It also encompasses the study of greater financial institutions and global economic regulators and their functions.
Finance on the other hand deals with matters solely related to money management. It encompasses the raising, management and investment of finance. It also deals with the ways to raise finances and their optimization. Apart from this general distinction, there are certain parameters that are taken into account to distinguish economics vs. finance. These are the parameters that will be considered to compare economics and finance.
COMPARING ECONOMICS VS FINANCE
Finance is applied to manage financial resources for a company or venture. It deals with the ways and methods of raising finance to procure resources for the company. It allows planned investment of procured resources and appropriate distribution of equity.
Economics on the other hand is the aggregate study of market and market forces. It analyses market behaviour and makes predictions of future events based on the general trends in the past. It is elemental in planning the course of economic activities during different phases of the economic cycle. It facilitates optimum utilisation of resources and helps in coordinating supply with demand.
When talking about finance, there are basically three prominent branches in finance. These are namely public, corporate and personal finance. Public finance basically deals with the financial matters of the state. It is concerned with the larger public interest and is governed through policy decisions.
In economics, there are two subcategories. These subcategories are macroeconomics and microeconomics. Macroeconomics deals with the entire economy. It studies the elements vital in running the larger economies that vary from regional to the global level. Microeconomics on the other hand deals with the smaller and fundamental elements that govern the market. These fundamental elements form the basis of economic functioning.
There is a range of courses offered by both the courses. Both economics and finance offer quite popularly opted and highly demanded courses. This segment discusses some of the most widely opted courses from economics and finance orderly.
COURSES IN ECONOMICS
- Info economics– information economics deals with economic aspects related to the information field. It offers varying learning and job opportunities to individuals.
- Development economics– In third world countries, development economics plays a vital role in the growth and development of underdeveloped economies. Development economics focuses on socio-economic developmental aspects of the economy.
- Microeconomic principles– Microeconomic principles are the founding principles of economics. It analyses market forces, demand and supply, prices and factors affecting these elements in the long and short run.
- Public policy– Economics in public governance is the study of public policies and their implications on the economy. It analyses the nature of economic public policies, their impact on growth and the rise of the economy.
- Behavioural economics– It deals with the psychological aspect of the economic behaviour of the people in varying circumstances. It plays a significant role in understanding the aggregate behaviour of the market in times of ups and downs in the economic cycle.
COURSES IN FINANCE
- Finance MBA– an MBA in finance is a very popular course among the masses. It offers wide-ranging job opportunities in the corporate sector. Finance MBA can be applicable to jobs regarding taxation, investment, financing etc. All the jobs in the sector offer decent pay to the employees.
- Public accounting– knowledge in the field of accounting, tax management and auditing of finances constitutes the work of public accounting. It basically involves offering accounting services to other ventures.
- Financial risk management– Firms in the market are exposed to a series of risks including credit risk, investment risk, exchange, legal risks and risks related to market reputation and image of the firm. The study of financial risk management involves the study of financial risk mitigation and prevention. It is a preferred course due to its demand in every large and small firm.
- Management accounting– The study of management accounting comprises techniques to manage risks, plan for the business strategies and manage other significant finance-related elements of the firm. It involves control and coordination of diverse but related elements in the financial sector.
- Investment counselling– choosing a course in investment counselling involves advising clients on investment-related aspects. The advice tendered in financial matters should be well understood and free from possible financial risks. Investment counselling provides a safeguard against the possible risks to the capital invested and promotes wider investments.
- Ease of learning:
Finance involves the general management of financial resources, while economics involves the application of complex math concepts like calculus. So it can be held that learning economics is harder than finance owing to the usage of mathematical concepts. While this is true for any average student, ease of learning also depends on the interest of the learner. Someone having sound knowledge of higher mathematics combined with an interest in economics can effortlessly learn economics.
Belonging to the market-related concepts both finance and economics are two diverse disciplines. Both disciplines provide different services for the functioning of the market. While comparing Economics vs. Finance, various aspects of both streams have been unearthed. One can now easily choose the subject that best suits their interests and natural capabilities.
The Growing Role Of Interactivity in E-learning: academia
During the pandemic outbreak, the education sector was worst affected and has witnessed a tremendous transformation over the past decade, giving rise to the emergence of tech-enabled learning models. This new way of learning revolutionized the traditional classroom settings, and education today has metamorphosed into instant, online, flexible, and on-the-go learning.
There is an urgent need for continuous upskilling. Moreover, with the easy availability of the internet and democratization of technology, online education has witnessed a rapid surge across all learning phases and is embracing prominent e-learning to learn, educate and build specialization in the field of interest.
Besides, the pandemic’s disruption has provided a platform to offer an opportunity to experience virtual and remote learning experiences beyond global boundaries.
However, new avenues and surge of learning models give rise to new e-learning platforms which brought more recent challenges.
For learners, the classroom is a place offering the best learning environment – providing them with the opportunity to engage and can clear all their doubts with the subject matter expert, also learners can share knowledge and focus on the topic.
Furthermore, this has created doubt about the effectiveness of the new online learning model and the learning outcomes associated with it.
Effective and Meaningful Learning:
E-learning is a remote learning experience and e-learning course effectiveness depends on factors like course content, learning modules, and delivery of sessions. However, digital tools are helping e-learning courses to be interesting, fruitful and meaningful for students.
Educational institutions around the world offering virtual courses rely on recorded audio-visual content i.e asynchronous learning, but this often leads to loss of interest among learners resulting in low learning outcomes. In contrast, new synchronous models of e-learning focus on providing students with a platform to interact live with the subject matter expert and an opportunity to communicate effectively through video.
In the case of synchronous learning, virtual engagement facilitates learners for real-time exchange of inputs and feedback. Moreover, educators also employ various tools and execute exercises to include small group assignments, quizzes, case studies, simulations, and group discussions.
The rise of EdTech platforms worldwide brings transformation in online learning, exploring new ways to drive interactivity and virtual engagement. E-learning platforms have evolved to provide simulation-like classroom experience, by building new tools to develop interactive interface and screen time management. For online educators, this provides for greater control and complete visibility as students can raise questions and can use whiteboards as tools whenever required. Moreover, educators can organize a quiz, discussion, or any other group or project-related activities through digital platforms.
For an effective online teaching program, educators require the right study material and the right infrastructure. Besides meticulous planning, educators need to create a compelling, engaging, enjoyable learning environment for learners through specialized live interactive online courses. The disruption caused by the pandemic pushed a large segment of educational institutions and universities to make a considerable shift towards embracing education in an online scenario. Moreover, this also helps the institutions to evolve with this paradigm shift and keep pace with the technological transformation happening worldwide.
4 Ways of Increasing Interactivity in Virtual Classes:
Social Media Interactions
Social media tools can be used for better engagement and increase interactivity for learners. With the advent of social media tools, educators can facilitate better communication with the help of activity streams through social media. Also, social media enables learners to connect with the learners from the same community for collaboration and can be a great space to curate and share content, also aid learning and promote knowledge sharing.
Video has already found a significant place for itself in eLearning as a powerful interactive tool. Almost every e-learning platform incorporates this feature as a part of its eLearning strategy. Earlier videos were predominantly used for delivering a recorded lecture or session but today, videos are incorporated for better engagement and instant feedback can be provided to learners. Interactive video sessions can encourage the learners to think, analyze, act and interact with the professional trainer.
Virtual reality is another important tool to boost interactivity in eLearning. Today with readily available smartphone and tablet adoption with greater internet availability, virtual reality is making learning experiences more immersive and engaging.
Smartphones or mobiles being an interactive element in this digital age, proved to be a great facilitator of interactivity in online learning… Mobile learning provides customized, bite-sized content to be more specific to facilitate learning anytime, anywhere. Mobile learning helps learners to collaborate across social channels, and facilitate continuous learning.
Virtual Learning Interactivity Benefits:
It causes a reaction
Online learning-induced interactivity can replicate real classroom settings.
Real learning is the result of simulations that provide learners with the opportunity to make decisions without taking real risks. eLearning experience makes learners go through an actual situation, and are encouraged to explore what will happen in case they succeed or fail. It encourages reflection.
Virtual learning integrates the eLearning content and encourages their involvement, as depending on their response, correct or incorrect, they receive feedback, which is a key element in a virtual face-to-face session.
Every Learning session results in some sort of reaction; provocative questions allow learners to immerse deeply in interactive activities and engage learners in the learning process resulting in better learning outcomes. Virtual training should be learner-centred, which is a perfect framework for eLearning interactivity.
Enhances Knowledge Retention
Knowledge retention always comes from curiosity. Social media elements, scenario-based learning, simulation-life experiences, have the power to transform the boring digital lecture into an engaging and memorable eLearning experience.
With these changing times, personalized learning is now a trend in online learning and educators are finding new ways to increase interactivity in online learning and help them access content from anytime, anywhere.
Using the interactive online learning engagement techniques enhances the benefits for learners in a modern tech-enabled online educational system.
Join academia , your online learning solutions, and learn in a different way for a better engagement experience and enhanced interactivity
Productive Things for Students to Do Over the Holidays
It’s that time of year again. Exams are just about done, and then the long comfortable break over the holidays.
It’s also about now that you start wondering what to do with yourself with all that free time. Although catching up on lost sleep seems like a fantastic idea, it’s counterproductive. Besides, one can only rest so much.
Most students want to be productive during the break, but few know how to achieve that. Whether you plan on spending time with friends taking advantage of all the great student discounts, or doing some voluntary work, being proactive and planning will help you achieve your goals. Projects that’ll get you started include:
Teach Yourself Something New
Learning a new skill is never a bad idea. It puts you ahead of your peers and always comes in handy later on in life. It does, however, take time, patience, and dedication. There are various holiday programs that tutor students on how to do new things. Alternatively, you can search for a book on the subject, or even Google it, and teach yourself.
Fill-Out Intern and Scholarship Applications
Now is the best time to apply. It’s not necessary to dedicate your entire break to this. However, spending a day or two filling out intern and scholarship applications will make a tremendous difference in your search. The more you send out, the better your chances of getting a positive response.
It might also be a good idea to learn about new career prospects by arranging a job shadow or informational interview.
Do Some Voluntary Work
Choose a charitable or non-profit cause you care about and find a practical way to contribute to their effort. Whether you decide to help raise money or donations for an animal rescue center or clean up the beach is up to you. Most organizations will appreciate your assistance.
During the holidays, it’s essential to watch what you eat. Gradually start phasing out unhealthy food and work toward building a healthy diet. It’s also vital to follow an exercise routine. Set a realistic goal for yourself, and once you’ve achieved it, select another. Be sure to have someone to support you and reward yourself for each milestone achieved.
Get Lost in a Novel
Choose a novel from an author and genre that you enjoy and haven’t read before. Take the time and get lost in the fictional world created by the writer. Whether it’s a fantasy, crime, or love novel is up to you. Just make sure that you can indulge yourself in it. It’s bound to be an experience you won’t regret .tothetimes.com
To Wrap Things Up
While it’s essential to be productive, it’s also vital to have some fun. Use the ideas in this article or be creative and come up with your own. However, you don’t want to overwhelm yourself. Carefully plan your time and make sure to create a balance between rest and doing the rewarding things. Best information