http://chronicle.com/img/photos/biz/icons/wired-campus-nameplate.gifBy Steve Kolowich. If highly selective colleges begin awarding credit to students who pass massive open online courses created by their faculty members, the institutions could undermine their ability to invest in promising students, according to an analysis by a well-known Stanford University economist. Caroline M. Hoxby rose to prominence with her research into helping talented, low-income high-school students make better decisions about where to apply to college. In a new working paper published online by the National Bureau of Economic Research, Ms. Hoxby takes on the subject of MOOCs and what they could mean for colleges. Read more...