Economics Perspective on Charter Schools

Charter Schools
Author’s Name
Institutional Affiliation
Course Code and Name
Professor’s Name
Date
Charter Schools
Hello everybody, I am [Insert Name]. Today, I am going to discuss “Charter Schools’ Effectiveness, Mechanisms, and Competitive Influence” by Sarah Cohodes and Katharine Parham. The primary takeaway obtained from this reading is that charter schools are publicly regulated and funded but privately operated (Cohodes & Parham, 2021). Charter schools are meant to meet the educational needs of a specific group of students, which is why they are different from other public education institutions. For example, some are introduced to give learners from low-income families a chance to obtain knowledge and skills. Another crucial takeaway is that charter schools are governed by different entities, including universities, local school boards, and state boards of education. Others belong to charter management organizations (CMOs). Based on economic theory, charter schools neutralize the monopoly in the education sector, improving the quality of education for students.
One of the primary arguments that support the thesis of the reading is that charter schools promote students’ academic outcomes. They enable nearby public schools to perform better due to increased competition. For example, students from minority groups can enroll in charter schools if they lack the opportunity to enter other educational institutions. In addition, charter schools foster college enrollment (Cohodes & Parham, 2021). They improve the quality of education since they are introduced and funded by the government to achieve the needs of specific demographics. Another major argument is that charter schools act as innovation laboratories and contribute to students’ academic success. They foster good academic practices and have proper curricula. For instance, the “No Excuse” strategy facilitates high academic expectations and has a strict behavioral code that students should adhere to during a school day setting (Kershen, Weiner, & Torres, 2018). Numerous chart...