MyLab Finance contributes to student success
Pearson | December 31, 2021 in Meaningful Outcomes
by Pearson
MyLab Finance contributes to student success
In Fall 2017, Professor Mark Stohs from Cal State University – Fullerton in Fullerton, CA, partnered with Pearson to investigate the impact of MyLab™ Finance for Fundamentals of Corporate Finance by Berk, DeMarzo, and Harford on student success in his Financial Management I course.
- Students with MyLab quiz scores above average earned exam scores 15 percentage points higher than students who scored below average on MyLab quizzes.
- Every student scoring above average on MyLab quizzes earned an A and B for the final course grade.
- 93 percent of student survey respondents agreed that they did more homework for this course than they would have if MyLab had not been required.
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Why did Professor Mark Stohs adopt MyLab Finance?
Approximately five years ago, Stohs and colleagues wanted a new textbook with digital course companion. With many courses designated for online delivery, a digital option that included pre-built assignments and assessment was important, as was auto-grading of homework given the number of students in each section.
How was MyLab Finance implemented?
MyLab Finance is required, and the program is used primarily by students working at home on a personal computer. Students use MyLab for understanding content and completing homework assignments and assessments. Weekly MyLab homework is comprised of a pre-built assignment using end-of-chapter problems carefully chosen using MyLab question metrics. MyLab quizzes are low stakes and comprised of ten, multiple-choice or fill-in-the-blank, pooled questions. MyLab assessments account for 15% of the total course grade.
Were students successful in the course?
Students were divided into two groups based on their average MyLab quiz score. Data shows the following:
- Students who earned above average MyLab quiz scores had average exam scores 15 percentage points higher than students who scored below average.
- 76 percent of students scoring above average on MyLab quizzes earned an A as their final course grade.
Did students like using MyLab Finance?
Responses from the Fall 2017 end-of-semester survey of Stohs’ students indicate that the majority of responding students recognize the value of MyLab Finance.
- 100 percent of respondents agreed that MyLab provided additional resources that helped them learn more than they would have from traditional paper and pencil homework.
- 100 percent of respondents agreed that MyLab provided additional resources that helped them learn more than they would have from traditional paper and pencil homework.
One student said:
“The benefits of using MyLab is that you are able to use an e-book to look for key concepts, and I was able to get more practice in MyLab and use the study tools to help me study for tests.”
Learn more about how MyLab Finance could benefit your course
