MyFinanceLab

• http://www.pearsonmylabandmastering.com/northamerica/myfinancelab/
• Part of the world's leading collection of online homework, tutorial, and assessment products, Pearson MyLab Finance is designed with a single purpose in mind: to improve the results of all higher education students, one student at a time. With input from more than 11 million student users annually, Pearson MyLab creates online learning experiences that are truly personalized and continuously adaptive. MyLab reacts to how students are actually performing, offering data-driven guidance that helps them better absorb course material and understand difficult concepts.

Pedagogical Ideas

In the classroom, this technology can be used to:

• Dynamic Study Modules – This allows students to answer questions before and while learning material. They can receive feedback in real time, and based on their answers, the system guides them into what material to study and provides further testing. Students cycle through a process of test, learn, and retest until they have mastered the material. The following link provides an overview: https://www.youtube.com/watch?v=1ETWF9S5KwU
• Adaptive Study Plan – The adaptive study plan assesses students’ work continuously and targets strengths and weaknesses. It provides practice designed to help remediate deficiencies. A discussion with examples can be seen as: https://www.youtube.com/watch?v=KwMw6zmdeTI
• Digital Interactives - Digital interactives are delivery vehicles for key concepts. They include optional interactive homework activities. An example of the use of digital interactives for an economics course can be found at: https://www.pearsonmylabandmastering.com/northamerica/myeconlab/educators/features/index.html
• Grader Projects – This feature allows assignments to be completed in a Microsoft application, such as Word, Excel, PowerPoint, or Access and then uploaded for grading. Grading is completed automatically with feedback provided. This allows students to get practical experience with a particular Office platform. The concept might be extended to other kinds of platforms and technologies.
• Badging – A badge represents a skill or achievement that has been mastered. It is currently used in MyLab for Microsoft Office applications. But the idea might be extended to other kinds of skills and competencies.

How do you utilize this technology in your classroom?

Please share your thoughts, ideas and suggestions for utilizing this technology to foster effective teaching and learning.

How valuable is this technology for fostering teaching and learning?