I see these places like Coursera, Udacity and EdX offer a certificatecertificates upon succesfulsuccessful completion of course work. Also most of the people doing recorded teaching at these places are famous and well known professors.
So if someone mentions those kind of course certificates in CV or application material for grad school, does it have a significant value for the applicant ?
Do you consider these kind of certificates at the same level with a grade on an academic transcript ?
EDIT: edX, a MOOC, formed by MIT, Harvard, Berkeley combo, seems to offer a letter grading on completion of course, rather than a pass/fail grade.