Open Terms:
As said in the podcast open education is about making education experiences available to a wide source. Course material may be available free on the internet for example.
Open Content allows inspiration for teachers as long as following copyright rules. There are four R's for this process: reuse, revise, remix, and redistribute. OER commons is an example of open content and specifies conditions for use. 
With open source it refers to software that is made available for anyone to access. These are helpful with people on limited budgets but not all are free.
OER: 
These are all based on the belief set that everyone should have the right to high-quality education and resources. They help educators benefit by collaborating on material to further build their teaching capabilities.It also allows for modification of content, for example if a teacher needed to modify a word problem to be geographically relevant to their location. There are sets of rules for educators like the common core state standards for public schools.I personally believe that open resources are necessary for an equal access learning environment.

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