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Fall 2004
ISSN 0890-913X
Volume 20, Number 1

Can Charter Schools Improve Financial and Economic Education? The Case of Milwaukee Urban League Academy of Business and Economics

Mark C. Schug, University of Wisconsin - Milwaukee
Eric Hagedorn, University of Wisconsin - Milwaukee
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CanCharterSchoolsImproveFinancialandEconomicEducation?TheCaseoftheMilwaukeeUrbanLeagueAcademyofBusinessandEconomicsMarkC.SchugUniversityofWisconsin-MilwaukeeEricA.HagedornUniversityofTexasatElPasoThispaperdescribesaninnercitycharterschoolCtheMilwaukeeUrbanLeagueAcademyofBusinessandEconomicsCthatspecializesinabusinessandeconomicscurriculum.Wepresentanoverviewofcharterschoolsandsummarizesomeoftheresearchontheireffectiveness.Wethendescribethespecialcurriculuminonecharterschoolandpresentanevaluationofthesecondyearoftheefforttoimplementthecurriculum.Whatisacharterschool?Charterschoolsareaspecialsortofpublicschool.Charterschoolsarepublicschoolsthatareexemptfromseveraloftheregulationsappliedtootherpublicschools.Charterschoolsoperateonthebasisofacontractapprovedbetweentheschooloperatorandthestatecharterauthorizer.Charterschoolsarebecomingapopularmarket-basededucationalreform.AccordingtotheCenterforEducationReform,thereare2,695charterschoolsnationally.Wisconsinhas128charterschools.Charterschoolscomeinallshapesandsizes.Mosthaveaspecialmissionofsomekind.Amongthemoreprominentmissionsarealternativeeducation,coreknowledge,science,technology,atrisk,arts,directinstruction,leadership,andcareers.Whilecharterschoolsarefreedfrommanyoftherulesofregularpublicschools,theyfacemanyissuesthatcouldhampertheirsuccess.Charterschoolsareoftenstartups.Abuildingmayneedtoberenovated.Decisionshavetobemaderegardinghiringteachersandadministrators,selectingbenefitspackages,settingupthepayroll,
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