Engaging students with online videos Do students learn better with online videos? Learn Liberty • Are poor getting poorer? What is Learn Liberty? • LearnLiberty.Org • “A resource for exploring the ideas of a free society” • Short educational video clips • Theoretical explanation and opinion piece offered by professors in a range of academic disciplines. • Majority of the videos begin with an introduction by narrator and continue with short animation explaining the concepts discussed. • Each clip is approximately 3 to 4 minutes long, contains closed captions, and a transcript of the narrator’s speech. Subject areas • Economics • Public Policy • Political science • History • Law • Philosophy Economics topics • Minimum wage • Social security • Drug prohibition • Coase theorem • Marginal costs • Unintended consequences • Opportunity cost • Cost of higher education • Price mechanisms • Deficits and Debts • Inequality • The invisible hand • Trade • Immigration Anecdotal evidence • Students reciting narrator • I remember, the three D! (Property rights should be well Defined, Divisible, and Defendable) • Minimum wage benefits most productive worker and hurts least productive worker • Students answer LL questions better than other questions • Students can remember “answers” at the end of the semester Video assignments • In-class • Discussion questions after • Homework/in-class questions after • Discussion • Most students give same answers • Good grades! • Not much of critical thinking • Homework • Good grades! • Not much of critical thinking Experiment • Introduction to economics • 31 enrolled in face-to-face class • 45 enrolled in online class • Non-majors • Mostly Sophomores and Juniors Experiment Face to face class • Minimum wage • Lecture +in class • Common resources • Lecture & Homework assignment • Drug prohibition • Lecture • Coase theorem • LL video during class + in class Online class • Minimum wage • LL Video as a Homework assignment • Common resources • LL Video as a Homework assignment • Drug prohibition • LL Video as a Homework assignment • Coase theorem • Lecture Minimum wage • What if minimum wage was increased to $12 an hour? • Employer will have to pay $12 to those that work for him • Employer will have to pay $0 to those that don’t • Example: Burger Joint • Price of each burger = $.10 • Al can flip 100 burgers an hour, Bob can cook 120 burgers an hour and Carl can cook 90 burgers an hour Introduction to Economics. Dr. Mariya Burdina Minimum wage Productivity Revenue Cost Profit Cost Profit Al 100 $10 $8 $2 $9.50 $0.50 Bob 120 $12 $8 $4 $9.50 $2.50 Carl 90 $9 $8 $1 $9.50 -$.50 Who was increase of minimum wage good for? Introduction to Economics. Dr. Mariya Burdina Minimum wage • First lesson of minimum wage: It doesn’t help the worker at the expense of the owner; it helps the more productive workers at the expense of the less productive workers. • Do more productive workers need help? • With time owner would have to reward Bob’s higher productivity with a raise, or owner’s competitors would have offered Bob more money to go work for them. • Eventually Bob would have ended up earning more anyway. • Second lesson of the minimum wage: Many of the workers that it does help would have ended up better off anyway, even if the minimum wage hadn’t existed Introduction to Economics. Dr. Mariya Burdina Homework/In class • What are the reasons for a country to have a minimum wage law? • What is the current minimum wage in US? What about Oklahoma? • Who do minimum wage laws help? • Who do minimum wage laws hurt? • What will happen to US unemployment rate if minimum wage laws were removed? • In your opinion, should US keep minimum wage laws? Explain your point of view. Midterm • Who benefits and who gets hurt from minimum wage? Explain. • What will happen to unemployment rate if government decides to increase minimum wage? Explain. • Describe an alternative policy to increase in the minimum wage. Why do you think this policy is better? What are the possible unintended consequences of this policy? Results Score averages Common resources Minimum Wage Coase Theorem Drug Prohibition Other questions Midterm Face-to-face Online Mean Mean St. Dev Min 7.68 3.45 7.39 2.16 7.23 2.22 8.84 1.66 74.2 7.4 12.15 1.23 0 1 2 3 50 5.33 St. Dev 8.19 3.27 8.17 1.79 7.90 1.92 9.07 1.62 75.4 7.33 15.2 1.28 Min 0 2 2 4 21 5.23 Results • Adjusted score averages Face-to-face Online Mean Mean St. Dev St. Dev Common resources 2.60 1.75 2.93 1.67 Minimum Wage 1.90 1.24 2.33 1.36 Coase Theorem 1.77 1.36 2.07 1.49 Drug Prohibition 3.03 1.33 3.12 1.27 Table 3. T-stats comparing online and face-to-face class H 0: μ 1 = μ 2 H a : μ 1 ≠μ 2 Online vs. F-t-F Common resources Minimum Wage Coase Theorem Drug Prohibition Online vs. F-t-F Adjusted scores L.L. vs. other questions (Online) L.L. vs. other questions (f-t-f) 0.642 0.798 1.565 0.365 1.642 1.405 2.409* -0.112 1.357 0.902 0.461 -1.555 0.600 0.275 5.350* 3.758* Why no results? • Small sample • Difference in class setting • Difference in topics • Take home exam Benefits • Saves class time • Good for class preparation • Good for visual and audio learners • Attention catching • Encourages discussion • Students’ attitudes: • 63% of students prefer these assignments to other • 85% think they learned from the videos Downsides • Students are reciting the material • Discuss in class or online • Inability to answer questions not covered in the video • Feedback • Short videos with fast talking speakers • Assign as a homework and make available online • Libertarian view of the problem • Other videos, additional explanations • Broken Links Success formula • Mix it up • Lecture + homework or discussion • Explain during the lecture + video • Lecture + In class assignments • Show in class + add discussion points Other video resources • The Economics Network • Planet Money Podcasts • Econ Lowdown • Youtube • CBS 60 minutes • TV Shows+Films+Music Questions? Suggestions? Concerns?