Future of Education: Application not Regurgitation of Knowledge – Part I - DataScienceCentral.com

When I was getting my MBA at the University of Iowa in 1981, my advisor Gary Fethke (who would later serve as University of Iowa interim president and Emeritus Professor in Business Analytics) convinced me to take a PhD class in econometrics. I think he was trying to punish me or something. I was totally overwhelmed in the class as student after student quickly answered questions about this economic theorem or that economic concept. Hands were popping up all over the room in a rush to answer these questions, while I sat in the back of the room madly trying to understand the applicability of these theorems and concepts. On the day of the final exam, I thought I was doomed.