Application of economic principles to the production and delivery of education. Analysis of education policy and reform at the primary, secondary and post-secondary levels; e.g., policies related to teacher pay, class-size, high-stakes testing, charter schools, vouchers, affirmative action, and financial aid. International higher education policies are also discussed.

An analysis of how education is organized and delivered, and the efficacy of reforms such as increasing teacher salaries, decreasing student-teacher ratios, requiring teacher certification, high-stakes testing, charter schools, vouchers, and EMO's. In higher education, we study affirmative action, racial preferences in admissions, and the recent shift from need-based to merit based aid.