Today’s blog post is a little different. Yesterday, the second running of our MMTed edX MOOC – Modern Monetary Theory: Economics for the 21st Century – came to an end after running for the last 4-weeks. This is a free course developed by the University of Newcastle and – MMTed – which provides an introduction to Modern Monetary Theory (MMT). The course is self-paced and contains a range of learning materials (videos, text, discussion forums, assignments, exercises, games, etc). After two years of offering, I thought you might like to see some statistics that relate to who participated in the course broken down by gender, educational background and geography. I have more data than I present today which I am examining as a way of understanding patterns of behaviour. We will use this data to improve our MMTed course offerings, as our funding base permits.
A course summary
The – edX page – for the 2022 course (enrolments now closed) provides an overview of the study program.
At the outset, when we were designing the course, I had no preconceptions as to who would be interested in it.
One of our aims in the course was to help participants access the world of macroeconomics in a way that builds their confidence, their economic literacy, and above all, gets them thinking about how it impacts on the world we live in.
The course started with the basics in Week 1. We pulled apart some of the jargon and concepts in macroeconomics, which often become barriers that prevent the lay person from engaging with economic issues.
We aimed to empower participants to move beyond these ‘language’ challenge so that they would be in a better position to translate the macroeconomic terminology that they are confronted with on a daily basis in the media and engage in meaningful conversations about economics with others and be able to better assess the sorts of statements that economists and politicians make about economic policy options.
The difficulty was that there is no way I can squish everything I’d like students to know about macroeconomics and MMT into a 4-week course. I also didn’t want to end up with a course that only appealed to economists.
So, the compromise is a course that starts at street level and then shows students the best views in the building without going into fine detail on each topic.
There are many topics that I only discussed in passing because they are more complex and require more time and input.
But, overall, if a student completed the course, then they would have a broad and rounded understanding of what MMT is and how it dramatically changes the game in terms of economic thinking about the options available to government to improve the well-being of all citizens while protecting our natural environment.
In Week 1 we aimed to improve economic literacy by cutting through the jargon that makes relatively simple concepts difficult for the general public to engage with. The exciting bits came in later weeks but we considered learning to walk before we run is essential for good running form.
In Week 2, we learned about how historical events led to fundamental shifts in the way governments could use their currency, which provides the foundations of MMT. We built on the concepts learned and there was even a game show. We provided students with a firm understanding of what causes mass unemployment.
In Week 3, the topics became more complex and we talked in more detail about fiscal and monetary policy, banks, interest rates, inflation and showed what governments can actually do bout unemployment if they want to.
In the final Week, we focused in on trade, economic development, global capital flows, debates about foreign ownership and financial speculation and students learned why an MMT understanding is crucial for addressing the profound problems of the ageing society and climate change.
In each Week, we provided interviews with MMT experts to guide understanding of selected topics.
Some data about the participants – Gender
edX collects a lot of data about the courses they offer on behalf of university providers.
Here is some interesting data that allows us to make various conjectures.
First, what is the gender breakdown of participants – female, male, other (which are the edX categories).
The following graph shows the gender proportions of those who disclosed their gender.
In 2021, 56.8 per cent of the class did not disclose their gender.
In 2022, 33 per cent of the class did not disclose their gender.
Of those who did, the following graph shows the distribution.
- 20.68 per cent were female in 2021, and 20.03 per cent in 2022.
- 78.14 per cent males in 2021, 77.95 per cent in 2022.
- 1.18 per cent other in 2021, 2.03 per cent in 2022.
So, for whatever reason, the course in both years was dominated by male participants.
Why? We are wondering. Comments welcome.
The next graph shows the trajectory of enrolments in absolute numbers (suppressed) by gender (female and male) in 2021 and 2022, for 87 days after the enrolments opened.
The courses ran for 4 calendar weeks but opened earlier.
The behaviour of females is similar in both years, whereas males were much earlier to enrol in 2022 relative to 2021.
The class was 1/3 the size in 2022 relative to 2021 (which had in excess of 3600 students).
Some data about the participants – Educational background
Another interesting snapshot is provided by the data on educational background.
The following graph shows the breakdown of enrolments (in proportions) for 2021 and 2022.
- In 2022, 13.4 per cent of participants has a High School Diploma or less (15.1 per cent in 2021).
- 40.7 per cent had a university degree (40.41 per cent in 2021).
- 44.4 per cent had an advanced university degree (42.9 per cent in 2021).
So, not unsurprisingly, those with more tertiary education are participating in these MOOCs, which is a little disappointing.
What about geographical spread of participants?
Over the two years of running the course (so far), students from 135 nations have participated (where they have identified their nation).
The following Tables show the proportions of national enrolments for 2021 and 2022.
A blank element in 2021 means there were no students, while an n/a in 2022 means the same thing for that year.
And here are two maps of the enrolments from 2021 (first) then 2022 to follow.
And for the students, thanks for enrolling. As promised the review of the quizzes conducted during the course will appear over the next four weeks of my Weekend Quiz, starting this week.
Any comments are welcome.
I am sure a marketing expert will be able to tell me things about this data.
That is enough for today!
(c) Copyright 2022 William Mitchell. All Rights Reserved.