Rapid Growth of Massive Open Online Courses (MOOCs) and the Market for University Graduates
DOI:
https://doi.org/10.24112/ajsotl.53012Abstract
Massive Open Online Courses (MOOCs) have seen exponential growth over the last couple of years. Their growth has now reached a point where some institutions of higher learning have started to offer degrees based entirely on MOOCs. In this commentary, I consider the implications of this development for the market of university graduates. I use a simple labor market model to show that an increase in the supply of university graduates or a skill mismatch between jobs and graduates may lead to more unemployment and/or underemployment among university graduates.
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