A New Twist in Online Learning at Stanford - JOHN B. TAYLOR, Wall Street Journal

Econ 1v was offered to Stanford undergraduates, including matriculated students and incoming freshmen, and visiting students from other universities who were willing to pay Stanford's tuition. For Stanford students the credit would count for their degree. For non-Stanford students the credit could be used at their colleges. The course was also offered online free to anyone. The video lectures and the platform for the open online and the for-credit track were identical, but students in the for-credit course had additional interactive sessions and more comprehensive assessments with grades at the end. We gave the open online students the option of taking only key parts of the course—such as the supply and demand model or basic monetary and fiscal policy. People in the open online course could earn a Statement of Accomplishment issued by Stanford. http://online.wsj.com/articles/john-taylor-a-new-twist-in-online-learning-at-stanford-1409610594