Massive Open Online Courses - Threat Or Opportunity?

Can online courses with large-scale interactive participation and open access via the web replace face-to-face teaching in a traditional university setting? Newsnight's David Grossman examines the rise of massive open online courses (Moocs).

When the internet hits an industry the result is usually pretty dramatic.

Newcomers with revolutionary business models blow away the old established players. Think what happened to Kodak when photography went digital, what happened to high street book shops when Amazon got going.

Now it is the turn of higher education, and not even the cleverest professors can say for sure how this is going to play out.