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Advances in Social Sciences Research Journal – Vol. 8, No. 7

Publication Date: July 25, 2021

DOI:10.14738/assrj.87.10474. Ezeala-Harrison, F. (2021). The Significance of Cyberlearning in Economic Education. Advances in Social Sciences Research Journal,

8(7). 26-34.

Services for Science and Education – United Kingdom

The Significance of Cyberlearning in Economic Education

Fidel Ezeala-Harrison

Department of Economics and Finance, Jackson State University

1400 J.R. Lynch Street, P.O. Box 17760, Jackson, MS 39217

ABSTRACT

We analyze the potentials of web-based and mobile-based digital technology to

disseminate, inform, transmit, instruct, and exchange course content in the

teaching of economics. Cyberlearning is the use of networked computer technology

to enhance the mode of educational content delivery to learners, and involves

personal, social, and distributed learning that is mediated by a variety of rapidly

evolving computational devices such as computers, tablets, and smart phones, and

involving other media such as the Web, and the Cloud. Yet cyberlearning is not only

about learning to use computers or to think computationally; social networking has

made it clear that the need is much more encompassing, including new modes of

collaborating and learning for the full variety of human experiences mediated by

networked computing and communications technologies. Educators have

continued to search for answers about how new digital tools and environments can

be utilized to enhance learning among students of our contemporary “New Age”

generation. In the present paper we examine the potentials of cyberlearning and

the opportunities it offers for promoting and assessing learning, made possible by

new technologies; and how it can help learners to capitalize on those opportunities

and the new practices that are made possible by these learning technologies. In

particular, we examine ways of using technology for economics education to

promote effective learning that result in deep rooted grasping of content, practices,

and skills that will ultimately shape attitudes and contribute to enhanced policy and

progress in economic matters of society.

Keywords: Information technology, International competitiveness, Cyberlearning,

Globalization, Economic education

INTRODUCTION

This paper analyses the transformational potentials of the integration of modern technological

advances with the delivery of learning in general and economics education in particular. It

seeks to examine how students can learn economics with the help of technology, and how the

application of technology can be harnessed productively to help students learn through

individual and collaborative mediations within the technological milieu. We analyze the

potentials of web-based and mobile-based digital technology to disseminate, inform, transmit,

instruct, and exchange course content in economics. The work is motivated by at least two

prominent studies on how cyberlearning can massively impact educational achievements: a

study by Monfort and Brown (2012) that thoroughly examined the meaning of cyberlearning

and how the term is construed and applied by the various agencies at the center of educational

policy making and policy implementations; and also a call made from an NSF (2008) report on

the potentials of cyber technology in the delivery of education -- a report that calls for the

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Ezeala-Harrison, F. (2021). The Significance of Cyberlearning in Economic Education. Advances in Social Sciences Research Journal, 8(7). 26-34.

URL: http://dx.doi.org/10.14738/assrj.87.10474

cyberlearning community to incorporate the additional expertise of disciplines such as social

and organizational sciences, political science, economics, and others that have not traditionally

engaged with learning. We examine how students’ learning potentials can be better fulfilled

through the use of technology to facilitate such learning activities as accessing and collecting

economic data, analysing and sharing economic theory and literature, and the interactive and

collaborative study of these materials to advance learning.

Cyberlearning is the use of networked computer technology to enhance the mode of

educational content delivery to learners; it involves personal, social, and distributed learning

that is mediated by a variety of rapidly evolving computational devices, (computers, tablets,

smart phones), and others such as Web, and Cloud. But cyberlearning is not only about learning

to use computers or to think computationally; social networking has made it clear that the need

is much more encompassing, including new modes of collaborating and learning for the full

variety of human experiences mediated by networked computing and communications

technologies.

Educators have continued to search for answers about how new digital tools and environments

can be utilized to enhance learning among students of our contemporary “New Age” generation.

Montfort and Brown (2013), while stressing that there is little agreement as to a precise

meaning of the term “cyberlearnig”, have defined it as the interactions of technology and

education, especially with respect to the use of networking and information technologies.1 It is

proposed that cyberlearning can facilitate how and under what circumstances learning

phenomena happen. For economic education, cyberlearning can not only access and promote

learning, but also can have the potential to significantly advance opportunities for learning,

amplify, expand, and transform opportunities for learning, and can better draw in, motivate,

and engage learners. Much interest has been expressed in the application of technological

advances that can help promote greater personalized learning initiatives and experiences

(Morisy, 2012; Thinqs, 2011). This will particularly be of immense help to individuals and/or

groups in society who have not been well served and continues to not be well served by the

traditional methods and delivery practices that dominate the current educational system.

Cyberlearning allows for access to learning and learning resources anytime and anywhere that

can help students better tap their innate capabilities that would otherwise tend to be dormant.

Such a new form of educational practice introduces a means of renewed interest in the learner

that result in the awakening of a more actively engaged and productive individual.

Central in the design of economics education is the awareness of the society's central challenges

that are the amplifying, expanding, and transforming of the opportunities people have for

learning and more effectively drawing in, motivating, and engaging young learners (NSF

Taskforce on Cyberlearning, 2008; Navarro and Shoemaker, 1999). Educating for economics

knowledge, and subsequently for engaging actively as a citizen and productively in the

workforce, requires understanding the broad variety of concepts in economic theory and

analyses, and possessing the ability to collaborate, learn, solve problems, and apply those skills

to make informed and relevant decisions.

In the present paper we examine the potentials of Cyberlearning and the opportunities it offers

for promoting and assessing learning made possible by new technologies; and how it can help

learners to capitalize on those opportunities and the new practices that are made possible by

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Advances in Social Sciences Research Journal (ASSRJ) Vol. 8, Issue 7, July-2021

Services for Science and Education – United Kingdom

these learning technologies. We examine ways of using technology for economics education to

promote effective learning that result in deep rooted grasping of content, practices, and skills

that will ultimately shape attitudes and contribute to enhanced policy and progress in economic

matters of society.

CYBERLEARNING: SOME PREVIOUS LITERATURE

The increasing interest and widespread utilization of cyberlearning is a reflection of not only

the increasing prominence of this approach in the delivery of educational services, but also

reflects an important shift in approaches to educational technology. Dede et al (2005) as well

as Donovan and Bradford (2005), have observed that whether learning is facilitated in school

or out of school, and whether learners are youngsters or adults, to develop such knowledge and

capabilities, learners must be motivated to learn, actively engage over the long term in learning

activities, and put forth sustained cognitive and social effort. The National Science Foundation

(NSF) Taskforce on Cyberlearning published a report in 2008 that is often described as the

origin of the term, and provides an insightful and thorough meta-analysis of the literature and

general movements in educational technology that led to the authors’ adoption of the term

(NSF, 2008). The Taskforce defined cyberlearning as “...the use of networked computing and

communications technologies to support learning” (p. 5). The authors explained that although

the prefix “cyber” has come to be associated with computer technology, there is also a sense in

which it can be used in its original connotation, which was “...built etymologically on the Greek

term for ‘steering’.” They state that although the focus is clearly on the networking technologies

that are defining the modern age of information technology, (such as cloud computing and

social media), the authors deliberately left the term open in order to refer to any form of future

technology that mediates the human interactions that are at the heart of education. They argue

that there is need to steer the inevitable changes that technological developments bring to

education and learning in the positive direction; noting that cyberlearning fundamentally

brings changes to how people seek knowledge and skills, and should be used as a lifelong

learning resource that can provide access to disadvantaged or disconnected individuals, thus

addressing society’s need for full workforce inclusion.

An earlier NSF study had declared Cyberinfrastructure as the medium for Continuous

Collaborative Computational Cloud (C4) environment, which supports the preparation of

professional careers that require high level and interactive thinking (NSF, 2001). The report’s

authors presented their vision for how the concept of an integrated C4 environment could

potentially transform our educational systems to more seamlessly blend the formal and

informal learning worlds. They noted that the tools and technology of the C4 environment

would seamlessly connect networks, servers, personal devices (such as laptops, tablets, smart

phones, and others) and super-computers; and that they would help provide just-in-time access

to the personalized knowledge individuals need, and could replace textbooks with dynamic

learning environments better suited to the continuous advances that will confront the Net

Generation workforce. Thus, cyberlearning fundamentally changes how people seek new

knowledge and skills, and could reduce barriers for those who are disadvantaged or

disconnected.

Dede et al. (2005) suggested that cyberlearning research introduced the processes by which

people learn with advances in information and communications technologies to advance

understanding of how to cultivate a citizenry that engages productively in learning, both in and

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Ezeala-Harrison, F. (2021). The Significance of Cyberlearning in Economic Education. Advances in Social Sciences Research Journal, 8(7). 26-34.

URL: http://dx.doi.org/10.14738/assrj.87.10474

out of school and throughout a lifetime. Such progress provided the knowledge and capabilities

to make informed decisions and judgments about the multifarious problems of life. They

observe that cyberlearning innovations will not effect transformations unless they are

substantively integrated into authentic learning environments; and that integration of

technologies into learning environments may change those environments, prompting a need to

understand, predict, and design for those changes. The expectation is held that some technology

designs and some ways of integrating technology into learning environments may challenge

conventional educational practices.

CYBER-ECONOMIC EDUCATION IN THE CLASSROOM: DISSEMINATING ECONOMIC

THEORY AND GLOBAL AWARENESS

Economic education is about training students for success in the business world. Business

success is often measured in terms of the bottom line, namely, continued business efficiency

and sustained business profitability. These criteria of business success and equipping students

with the proficiency to pursue and attain the skills needed for them, is the central focus of

economic education and training. The new world of the era of global competitiveness challenge

calls for continuous pursuit of the business bottom line, and this challenge calls for the need for

creating and disseminating a culture of global awareness within the body frame of students in

the economics classroom. And nothing facilitates the creation, development, and continuous

dissemination of this culture of global awareness more than the cyberlearning infrastructure.

Yet there is the need to raise the importance of connecting the classroom activities to the

realities of the outside world in which students will live and work. The void should be filled

between the new cyber infrastructure and cyberlearning and education strategies to achieve a

workforce that is technologically competent and competitive.

Through cyber technology, students are able to immediately engage the real world instantly to

delve into practical economic and business procedures and practice. Key economic and

business data such as the growth rates of the Gross Domestic Product (GDP), income

distribution, relative prices, employment and unemployment rates, and just about any State

and national level micro and macro data as needed, can be promptly accessed and downloaded

and analyzed for more effective study and applications. The main benefit here is the efficiency

and effectiveness of delivery of the lesson and procedure one wishes to direct to the students.

Thus the major facilitating properties of the cyberlearning mechanism include:

The Interactive Format of Cyberlearning

Cyberlearning provides an innovative learning tool and methodology that can foster students'

interest in collaborative and interactive learning needed to improve the effectiveness of

teaching. It uses communication methodologies of personalized just-in-time learning modes as

compared to conventional teaching modes of fixed learning systems, as well as life-long

education instead of the system of one time front-ended delivery; and the emphasis would be

on results oriented learning rather than the conventional classroom teaching mode. The

students using the techniques of cyberlearning are held to a unique interactive level of

consciousness, which presents an additional personal challenge to uphold an expected level of

standard of learning achievement because the platform of distance online network does not

present the opportunities to interact physically with the teachers and other classmates. This

means that it would be essential for students of cyberlearning to quickly rise to knowing and

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mastering the basics of subject in order to meet the individual challenges of maintaining the

level of expectation.

The Promptness of Interaction

Cyberlearning provides an infrastructure where the educator and students can engage in

instant network of contacts through response and feedback exchanges that occur in interactive

learning. Time is saved within and between the processes of content delivery, response,

feedback, evaluation, and assessment. Such a mode can only quicken the pace of learning and

result in greater student achievement. And this approach can be complemented with an

interactive class videoconferencing between multiple locations, something that mimics the

conventional classroom experience, but only delivered under the setting of cyberlearning. This

setting enables learners to experience things that simply would not be possible under the

conventional setting, for example, by providing learning scaffolding that helps students do

things they could not otherwise, and grow in their capabilities through it. It allows for rich,

timely, and personalized feedback during the learning process; and enables learners to connect

and network with each other and with communities in ways that would otherwise no be

feasible in dialogue and shared learning. And with regard to students’ assessment and

evaluation, cyberlearning enables individual student competencies to be automatically

recorded and tracked, thereby negating the requirement to conduct laborious and time

consuming manual assessments along with the collation and reporting of results.

The Perpetuation Factor

The ability of students to reach the professor, and vice versa, at anytime without the confines

of the limited classroom time and space perpetuates the learning process. And more

significantly, unlike the traditional classroom setting, the use of cyberlearning enables students

learn at their own pace -- a conventional classroom environment often contains a variety and

range of learner competency levels which means that the teaching tends to be either conducted

too quickly (in regard to slower and/or less advanced learners), or too slowly (in regard to

faster and/or more advanced learners). It provides students with unlimited sources of

information and a cost-effective way of providing individualized instruction that

accommodates different and diverse learning styles. The self-paced learning environment that

is cyberlearning to the student is one of the strongest assets of this infrastructure.

The Low Cost Factor

The kind of network environment that cyberlearning provides for a course promotes learning

by "spreading" information and course content more extensively across the student population

of the class, with significant reduction if not total elimination of any course related travel,

accommodation, and other related logistics costs. The instructor is enabled to interact with very

large group of students across hundreds and thousands of miles, and different time zones, at

virtually zero marginal cost. This low cost aspect of it results in reaching a lot larger and more

diverse student population than otherwise would be affordable; thus cyberlearning enables

students who would probably never have been reached and interacted with to be reached and

interacted with, by simply lowering the cost of reaching and interacting with them over

hundreds and thousands of miles and across various time zones. Moreover, by lowering the

costs of interaction, cyberlearning is able to greatly increase the volume of content that is

delivered, which, in economics facilitates the ability to use data to analyze and illustrate

theoretical and empirical models to students.

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Ezeala-Harrison, F. (2021). The Significance of Cyberlearning in Economic Education. Advances in Social Sciences Research Journal, 8(7). 26-34.

URL: http://dx.doi.org/10.14738/assrj.87.10474

As the economy becomes increasingly knowledge-based and more dependent on technology,

our economic thinkers need to be equally versatile and competent in the use of cyber

technology to avoid a mismatch between education and curricula, and the workforce needs of

the economy. The current educational system was designed with a view to providing all

students with a standard and common set of educational skills and knowledge -- the 4R’s

(reading, writing, arithmetic, and rote learning) notwithstanding. But such standardization of

learned skills was relevant and suitable when the economy was comprised of occupations in

industrial mass production in which workers needed to be trained initially and then needed to

remain in performance of similar tasks over their life careers. The present age, however, is

different from such. The new knowledge-based economy needs new and changing sets of skills

continually, and standardized skills may not properly fit the needs of students under such a

system. This requires an educational approach and paradigm shift that promotes individual

learning for people throughout their lives as they continually need new skills and knowledge.

The paradigm shift needs to address the new need -- to upgrade skills through individualize

learning -- that is created by a pervasive C4 environment.

GLOBALIZATION AND THE BUSINESS BOTTOM LINE

Globalization is the unrestricted mobility of products and resources (capital and labor) across

countries, prompted, enabled, and driven by the onset and permeation of Communication and

Information Technology (CIT). This phenomenon has led to the internationalization of most

economic and business activities that used to be typical domestic activities, and meant that

every modern economy today is heavily impacted by its international trade sector. This has

given rise to the New Trade Theory (termed the Strategic Trade Theory), to the effect that, due

to globalization, a country can only benefit from international trade if and only if it adopts

strong trade strategies, namely, the strategies of sustained (1) Competitive Advantage, and (2)

International Competitiveness.

Due to globalization, the gains from trade no longer depends on comparative advantage of

nations, but rather on the competitive advantage of nations. Therefore, international trade no

longer yields a win-win outcome between trading partners; but rather, results in zero-sum

outcomes between trading partners. A zero-sum outcome means that there must be winners

and losers, whereby the winner’s gain (positive) and the loser’s loss (negative) add up to zero.

Domestic firms can no longer count on continued loyalty and patronage of traditional local

markets and consumers; that is, foreign firms are able to dominate the market supply of

products within a country.

The critical factor in disseminating (in the classroom) and practicalizing (in the real world)

these strategic trade initiatives is none else than the cyberlearning infrastructure.

Cyberlearning is an inevitable catalyst needed to prepare a country to successfully participate

as a player in the global business bottom line, within our present day knowledge-based global

economy. For example, cyberlearning prepares and exposes us to the reality that countries have

become more interdependent in economic, business, social, cultural, and even political

activities such as human rights, democracy, labor standards, etc. Also, cyberlearning can

prepare us for the realities of such events as international outsourcing -- key business strategies

required for firms to pursue lower production costs to achieve competitive advantage --