People don’t have to take two years out of their lives these days to move to a college campus and study to get a master’s degree in business administration. Business schools have developed online M.B.A. programs, and lecturer Mark McNeilly discussed UNC-Chapel Hill’s version, MBA@UNC, during a presentation for the John Locke Foundation’s Shaftesbury Society.

In the clip below, McNeilly contrasts the UNC-CH program with a so-called Massive Open Online Course, or MOOC.

2:20 p.m. update: Click play below to watch the full 50:22 event.

You’ll find other John Locke Foundation video presentations here.