I probably won't even analyze the economic impact of online learning in any sort of detail - that is the task of economists and accountants. But it is interesting to see how it might be accomplished. This paper looks into a metric for determining the cost-effectiveness of different forms of delivery. To me, it feels like mostly a translation exercise, from unquantified data, to 'coins': "The cost effectiveness values resulting from the calculations were summarized in four "coins" (efficiency coins=$; quality coins; affective coins; and knowledge management coins) for each of the three actors (students, instructors and university)."
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