Inputs and outputs between agriculture and agricultural businesses; analysis of factors affecting development and economic growth in developing areas.
Additional Requirements for Graduate Students: Required to write a term paper.
Athena Title
Rural Econ Develop and Growth
Prerequisite
Third- or fourth-year student standing and (AAEC 2580 or AAEC 2580E or ECON 2106 or ECON 2106E or ECON 2106H)
Semester Course Offered
Offered spring
Grading System
A - F (Traditional)
Student learning Outcomes
Students will analyze rural economic development issues using economic base theory, multipliers, and regional input-output models.
Students will evaluate the effectiveness of various rural development strategies using evidence-based criteria and economic impact metrics.
Students will apply IMPLAN modeling techniques to simulate economic impacts of proposed projects and interpret the results to inform local decision makers.
Students will compare and contrast different rural development strategies like infrastructure investment or workforce development and evaluate the potential economic outcomes.
Students will create and justify a comprehensive rural development plan by integrating quantitative analysis using theory and best practices. They will work in a group setting to analyze a rural development initiative, and the findings of their projects will be presented to the class as part of their final projects. As part of their group project, it is expected that the students will collaborate and navigate interpersonal relationships, utilizing feedback to make revisions and submit an exceptional final project.
Topical Outline
Defining Community Development, historical transition of rural America
Growth theories
Space and community economics
Concepts of community economics
Land and labor markets
Technology and innovation
Nonmarket goods, services, and amenities
Institutions and society
Policy and decision-making
The practice of community economic development
Descriptive tools of community economic analysis
Input/output analysis
Agriculture and natural resources in the rural economy
Business development as a rural/regional development strategy
Institutional Competencies Learning Outcomes
Analytical Thinking
The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.
