The document discusses outcome based education and competency based education. It defines outcome based education as a student-centered learning philosophy that focuses on empirically measuring student performance through outcomes. It focuses on what students can do after being taught rather than what is taught. Competency based education focuses on competencies or outcomes and reinforces learning as it progresses. It prepares students for the realities of life by focusing on what students need to know and be able to do. Both approaches differ from traditional education by focusing on empirically measuring student performance and outcomes rather than inputs like resources available.