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The Bill & Melinda Gates Foundation is stepping up its investment in innovative delivery models in higher education, announcing $9-million in grants today to support a range of new approaches. Among the awards is the foundation's first contribution to so-called MOOC's, or Massive Open Online Courses, where professors let anyone online take their courses, sometimes attracting tens of thousands of learners. Specifically, the Gates Foundation is giving $1-million to the Massachusetts Institute of Technology for its MITx project, which offers such open courses.

For millions of students worldwide, free, open courseware provides a window, if not a front-row seat, to top university classes. The formats are as varied as the people who tune in. Some consist mainly of lectures recorded on iTunes, while other courses seek to replicate a classroom experience by offering study groups, computer-graded tests, and weekly assignments. And while you might get a badge or certificate showing you mastered the material, you generally won't get direct interaction with the professor, who may have recorded the lectures a few years ago. Here is a look at five introductory economics classes: four through open courseware and one in a traditional classroom.