MOD Process using metal acetates or trifluoroacetates has been considered to be a strong candidate for a low cost fabrication process for coated conductor with high $J_e$. Recently, an economical MOI) process has been developed for coated conductor with high $J_c$ using low cost starting materials such as YBCO powders. YBCO thin films prepared by single coating on LAO substrate with this modified oxide-precursor solution gives transport $I_c$ of 100A/cm-w and the $J_c$ value of $2.9MA/cm^{2}$ (77K, Self-field). The YBCO coated conductor prepared by single coating with $CeO_2/IBAD-YSZ/SS$ tape gives transport $I_c$ of 50A/cm-w in 2cm. Characterization with XRD, SEM shows that the YBCO layers were epitaxially grown and exhibit well-developed dense micro-structures. This newly developed oxide-precursor based MOD process will provide a low cost route to coated conductor with high $J_c$.