NovoEd places students in groups from the start of the course, and then attempts to foster interaction through discussion boards, messaging services and peer evaluation.

“NovoEd is the only one to use the power of the social web,” says NovoEd founder and Stanford professor Amin Saberi.  “It’s designed with teamwork in mind.”

Encouraged by the results of its first batch of courses, NovoEd will launch the new Spanish-language MOOC on July 8.

The free course will be offered by the Latin-American University, Pontifical Catholic University of Chile and will teach students “how to build a cash flow and calculate a net present value (NPV) that embodies quantitatively the strategic considerations that motivate decisions,” according to NovoEd’s announcement. Videos for the course will be filmed in Silicon Valley.

De Sol, the course’s professor, earned both his MA degree in Economics and his PhD in Engineering-Economic systems at Standford University.  He is a best-selling author in Chile, and the course shares a name with one of his books.

Students who pass the MOOC will receive a certificate from the Pontifical Catholic University of Chile acknowledging their successful participation.


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