Aplia
Topic: Finance
From HandWiki - Reading time: 2 min
Aplia Inc. is an educational technology company founded in 2000 by Stanford University professor Paul Romer. It created teaching materials and other homework products available online to collegiate economic students.[1] In March 2007 Cengage Learning (formerly Thomson Learning) acquired Aplia Inc. Aplia was based in Belmont, California until March 2014, when it relocated to Cengage Learning's new Mission Bay, San Francisco office.
History
In 1998, Romer created an online experiment system for use in his economics courses at Stanford University so his students would come to class better prepared and become more engaged with the course material. After other professors expressed interest in his approach, Romer decided to turn this system into the basis for a new company. He raised $10 million in venture capital to start Aplia, an online learning system. Since 2000, it has been used by over 4,300 professors, 1,200,000 students, at 1,300 colleges and universities worldwide and students have posted 2.4 billion answers, up from 200 million when Romer sold it.[2][3][4] Initially, the learning platform only focused on economics but it was later used in accounting, business law, finance, statistics, and philosophy.[5]
Product
Romer's system was developed out of his belief that technology can be used to improve productivity in education.[6] Aplia's basic product includes online homework assignments that professors can assign to students in accounting, business communication, business law, developmental reading, economics, finance, marketing, philosophy, statistics, and taxation. While the basic premise behind each course is the same, course materials vary; in many cases, Aplia problem sets are designed to complement specific textbook from a variety of publishers.[7]
Research has also shown Aplia to be less effective in the classroom for students who require an in-depth relationship with the teacher. Studies are surfacing to find online learning to be another challenge that students must overcome in order to learn a subject they might be unfamiliar with. Some anecdotal evidence has been found that schools administration have found value in the micromanagement software features that Aplia offers, especially with keeping students on track with their assignments and increasing engagement and participation in the classroom.[8][9]
References
- ↑ Mallaby, Sebastian (2010-06-08). "The Politically Incorrect Guide to Ending Poverty" (in en). https://www.theatlantic.com/magazine/archive/2010/07/the-politically-incorrect-guide-to-ending-poverty/308134/.
- ↑ "This Solution Has Been Retired". http://www.aplia.com/company.
- ↑ "Paul Romer". https://paulromer.net/about/.
- ↑ Mallaby, Sebastian (2010-06-08). "The Politically Incorrect Guide to Ending Poverty" (in en). https://www.theatlantic.com/magazine/archive/2010/07/the-politically-incorrect-guide-to-ending-poverty/308134/.
- ↑ G, Scheg, Abigail (2014) (in en). Critical Examinations of Distance Education Transformation across Disciplines. Hershey, PA: IGI Global. pp. 153. ISBN 978-1-4666-6555-2.
- ↑ Kling, Arnold; Kling, Arnold S.; Schulz, Nick (2009) (in en). From Poverty to Prosperity: Intangible Assets, Hidden Liabilities and the Lasting Triumph Over Scarcity. New York: Encounter Books. pp. 77. ISBN 978-1-59403-250-9.
- ↑ "Home". http://www.aplia.com/.
- ↑ Caplan, Arthur J.; Gilbert, John (21 November 2008). "'D' is for dilly-dally?". Applied Economics Letters 15 (14): 1085–1088. doi:10.1080/13504850600993663.
- ↑ "This Solution Has Been Retired". http://www.aplia.com/company/press/ael_010107.jsp.
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