Jump to ContentJump to Main Navigation
Education and Social MediaToward a Digital Future$
Users without a subscription are not able to see the full content.

Christine Greenhow, Julia Sonnevend, and Colin Agur

Print publication date: 2016

Print ISBN-13: 9780262034470

Published to MIT Press Scholarship Online: January 2017

DOI: 10.7551/mitpress/9780262034470.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 24 May 2020

Technology and the Economics of Education

Technology and the Economics of Education

Chapter:
(p.197) 12 Technology and the Economics of Education
Source:
Education and Social Media
Author(s):

Daniel J. H. Greenwood

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262034470.003.0013

In this chapter, educating via social media is explored from a business perspective. The author points out that the marginal cost of education one new student in a digital environment is zero. But the cost of training the teacher to lead a social media course is high, as is the cost of research. Experiments such as the University of the People can be viewed as generous mechanisms for distributing knowledge from wealthier countries to students in less-wealthy counties. However, if such experiments are widely adopted they will undermine the costly, traditional institutions that in the past have spurred innovation and trained new faculty. Therefore, the traditional economic model of university education may not be sustainable in a digital society. Several new economic models for core educational institutions are discussed, including government subsidies and a re-imagined patent and copyright system.

Keywords:   economic models, social media in education, marginal cost, patent, copyright

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.