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An Evaluation with Respect to e-Learning and Economic Analysis of the Graduate Program Offered in Anadolu University’s Institute of Educational Sciences

Year 2005, Volume: 6 Issue: 1, 10 - 21, 01.03.2005

Abstract

In this study, an e-learning platform was formed to enable school teachers and administrators to attend graduate programs in the field of educational administration, supervision, planning and economics. In this framework, for the non-thesis educational administration, supervision, planning and economics graduate programs to be conducted in the Institute of Educational Sciences in Anadolu University with using the e-learning method, cost of technical infrastructure for e-learning method, unit costs of students attending a program, cost advantage per credit and time advantage between e-learning and formal education were calculated. In addition, profitability of educational investment in e-learning and application of e-learning were discussed. A descriptive research method is used in the study. Research universe is the students, attending educational administration supervision planning and economics graduate program in Anadolu University’s Institute of Educational Sciences in the 2003-2004 academic year. Universe but not sampling, was used as the research universe in this study. In evaluation and economic analysis of the e-learning model, inflation rate and risk free rate of interest variables are used as the main variables. The value of annually compound rate of nine months Treasury bill (29.90 %), opened bids on November 4, 2003 was used as the risk free rate of interest in the economic analysis. In the economic analysis of the non thesis web based application model of educational administration, supervision, planning and economics program as an educational investment, five year present values of discount rates were calculated according to the %29.90 discount rate value for determining incomes and variable expenditures. Findings of the study can be stated as follows: Unit costs per students for e-learning method is lower than formal education. e-learning method provides cost advantage per credit. Due to the absence of fixed costs from the beginning of the second academic year, total incomes are larger than total expenditures which makes investments in e-learning graduate program profitable. The e-learning method is also found to be time saving when compared to formal education.

References

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  • Coskun BAYRAK is a professor of Educational Sciences at Faculty of
  • Education in Anadolu University. Also he is the director of School of
Year 2005, Volume: 6 Issue: 1, 10 - 21, 01.03.2005

Abstract

References

  • Brigham, E F and Gapenski LC (1994) Financial Management. (Seventh Edition). Orlando, FL: The Dryden Press.
  • Central Bank of Turkey ‘’ Indicative Exchange Rates Announced at 15:30 on
  • /07/2003 by the Central Bank of Turkey’’ http://www.tcmb.gov.tr (Retrieved: 12 December 2003).
  • Daniel J S (2002) Technology and Education: Adventures in the Eternal Triangle. Keynote Address to the 10th European Congress and Trade Fair For Educational and Information Technology Proceedings. U Back and W Sommer (Eds.) Karlsruhe: Karlsruher Messe-und Kongress- GmbH
  • Dickerson, B, Campsey B J and Brigham E F (1995) Introduction to Financial Management (Fourth Edition). Orlando, FL: Harcourt Brace & Company
  • Oblinger D G and Katz R N (2000) Navigating the Sea Of ‘E’ The ‘E’ Is For Everything. In: R N Katz and D G Oblinger (Eds.) San Francisco, Jossey-Bass Inc.
  • OSYM (1995) The 1993-1994 Academic Year Higher Education Statistics. Ankara: OSYM Publications, Number: 1995-2.
  • OSYM (1996) The 1994-1995 Academic Year Higher Education Statistics. Ankara: OSYM Puclications, Number: 1996-1.
  • OSYM (1996) The 1995-1996 Academic Year Higher Education Statistics. Ankara: OSYM Publications, Number: 1996-8.
  • OSYM (1997) The 1996-1997 Academic Year Higher Education Statistics. Ankara: OSYM Publications, Number: 1997-4.
  • OSYM (1998) The 1997-1998 Academic Year Higher Education Statistics. Ankara: OSYM Publications, Number: 1998-1.
  • OSYM (1996) The 1998-1999 Academic Year Higher Education Statistics. Ankara: OSYM Publications, Number: 1999-1.
  • OSYM (2000) The 1999-2000 Academic Year Higher Education Statistics. Ankara: OSYM Publications Number: 2000-5.
  • OSYM (2001) The 2000-2001 Academic Year Higher Education Statistics. Ankara:OSYM Publications, Number: 2001-3.
  • OSYM (2002) The 2001-2002 Academic Year Higher Education Statistics. Ankara: OSYM Publications, Number: 2002-2.
  • Taylor, B. John. (1998) Economics Second Edition. Boston: Houghton Mifflin Company
  • Toffler A (1996) Future Shock (Translator: Selami Sargut). Press Altın Kitaplar Publications,
  • Wallhaus R A (2000) E-Learning: From Institutions to Providers, from Students to Learners: The ‘’E’’ is for Everything. In R N Katz and D G Oblinger (Eds.) San Francisco, Jossey Bass Inc. BIODATA of AUTHORS
  • Coskun BAYRAK is a professor of Educational Sciences at Faculty of
  • Education in Anadolu University. Also he is the director of School of
There are 20 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Coskun Bayrak This is me

Eren Kesım This is me

Publication Date March 1, 2005
Submission Date February 27, 2015
Published in Issue Year 2005 Volume: 6 Issue: 1

Cite

APA Bayrak, C., & Kesım, E. (2005). An Evaluation with Respect to e-Learning and Economic Analysis of the Graduate Program Offered in Anadolu University’s Institute of Educational Sciences. Turkish Online Journal of Distance Education, 6(1), 10-21.