Teaching Money and Banking Online: A Comparison with the Traditional Approach

Money and Banking is a junior level course offered at most higher education institutions as part of an economics or business related curriculum. In 1999, the author prepared the course to be delivered over the Internet in an asynchronous manner, during a summer session. The course was offered again with this format during the fall of 2000, and a third time during the spring of 2001. In this paper the author compares the Web-based classes with the classes offered in the traditional classroom format in terms of student performance and students’ perception of the course. In general he finds no significant differences, but the evidence seems to indicate that students preferred the online format during the period under analysis. (JEL A22)