In this new version of Moodle, you will notice that the edit icons to the right of activities and resources have changed. In the previous version of Moodle, you would click on the hand/pencil icon to edit an item’s settings. This has been replaced with a gear icon.
OLD VERSION OF MOODLE EDIT ICON
NEW VERSION OF MOODLE – 2.5
In the new version, the pencil icon to the right will allow you to quickly edit the title (name) of an item in your course.
To edit the settings of an activity or resource in Moodle, you now click on the gear icon.