MyLab Finance contributes to student success
Pearson | December 10, 2021 in Meaningful Outcomes
by Pearson
MyLab Finance contributes to student success
In Fall 2017, Professor Mike Morgan from the University of Southern Mississippi in Hattiesburg, MS, partnered with Pearson to investigate the impact of MyLab™ Finance with Fundamentals of Corporate Finance by Berk, DeMarzo, and Harford on student success in his Principles of Finance course
Key findings included:
- Students earning above average MyLab homework scores had higher average quiz scores and exam scores than students who scored below average on MyLab homework.
- There’s a very strong correlation between MyLab homework scores and average quiz scores.
- 84% of student survey respondents agreed that they completed more homework for this course than they would have if MyLab had not been required.
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Why did Professor Mike Morgan adopt MyLab Finance?
Morgan began using MyLab Finance in Fall 2014 as an opportunity for his students to practice and reinforce what they need to know. MyLab enabled Morgan and his colleagues to standardize the course and the ready-to-go format of MyLab takes the pressure off instructors to create the problems sets, assessments, and real-world applications that are important for course success.
How was MyLab Finance implemented?
Principles of Finance is a one-semester, three-credit course required of all business majors. Weekly MyLab homework is comprised of a pre-built assignment using end-of-chapter problems carefully chosen for time and difficulty. Each assignment consists of 15–25 problems, students have unlimited attempts at completion, and hints are turned on.
Completion of MyLab homework assignments is a prerequisite for opening the MyLab quiz. Quizzes are comprised of five multi-part problems; students have three attempts and 40 minutes for completion. MyLab assignments account for 100% of the course grade.
Were students successful in the course?
Students were divided into two groups based on the average MyLab homework score of 84%.
- Students earning above average MyLab homework scores had average quiz scores 13 percentage points higher than students who scored below average on MyLab homework.
- Students earning above average MyLab homework scores had average exam scores 9 percentage points higher than students who scored below average on MyLab homework.
Did students like using MyLab Finance?
Responses from the Fall 2017 end-of-semester survey of Morgan’s students indicate that the majority of responding students recognize the value of MyLab Finance.
- 92% of respondents strongly agreed or agreed that MyLab provided additional resources that helped them learn more than they would have from traditional paper and pencil homework.
One student said:
“I got a better understanding of how to work problems vs the class that does not use MyLab.”
Learn more about how MyLab Finance could benefit your course
