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A credit is just credible evidence of learning.

May 16th, 2011 by Graham Attwell
I am a little sceptical about technology based embedded assessment services. But as this article, mainly focused on the requirement to release materials as OERs in US publicaly funded college programmes, points out that credit is at the end of the day only credible evidence of learning. And credibility is a subjective judgement. if self assessment, with the aid of technology becomes accepted as creible, this could spell the endof the monopoly of institutions on assessment and accreditation
clipped from chronicle.com

That still leaves the problem of credit. Public libraries were the original OER, yet people can’t demand a diploma just because they’ve learned from a book. But here, too, new developments are under way. The latest and most sophisticated open educational resources have tests embedded within them because assessment is a fundamental element of learning. Feedback-based, assessment-driven “cognitive tutors” developed by learning scientists at Carnegie Mellon are woven into science, engineering, and philosophy courses produced by the university’s Open Learning Initiative. For example, studies have shown that their online statistics course produces equal or better learning results than do traditional lectures. The same Carnegie Mellon experts will be helping the federal-grant recipients design their educational tools. Assessments create evidence. And that’s all a credit is, in the end: credible evidence of learning.

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