This report discusses diverse economic issues involved in educational reforms aimed at improving economic growth. The focus is on elementary and secondary education in the southeastern United States. After a general overview of the economics of educational reform, section I discusses the issues involved in modeling and estimating the linkages between education and growth. Section II examines the financial implications of commitments to "equity" in educational reform. Section III discusses specific policy areas with an emphasis on assessing cost effectiveness. Issues discussed include "the basics," vocational education, counseling, economics education, and faculty and administrative inputs. The broad objective of this report is to provide an appreciation of the research agenda in economics that is necessary to undergird informed educational policy for economic growth in the decades ahead. A summary of this agenda appears in section IV, and a three-page bibliography is included. (TE)