Recent disasters include major hurricanes, the Bonnet Carré Spillway openings in 2011 and 2019, and harmful algal blooms. The COVID-19 pandemic was declared a national emergency in the U.S. on March 13, 2020. The U.S. economy was in recession from February to June 2020. The U.S.-China trade war started in July 2018 when the U.S. imposed tariffs on $34 billion of Chinese goods. China reciprocated by imposing equivalent tariffs on U.S. exports. Fuel prices rose to more than $4 per gallon in early 2022.
The Marine Disaster Economics Assessment Outreach Program will provide tools and information for coastal communities, residents, marine, horticultural, coastal-related industries, business establishments and organizations, state and federal regulatory agencies, Land and Sea Grant research, and extension staff to develop economic models of damage assessment. An online course, which will offer personalized lessons, is tentatively scheduled to become available in August. It will be open to the public, but registration will be required.
Audiences
This information is useful to coastal communities, residents, businesses, organizations, state and federal regulatory agencies, Land Grant and Sea Grant research and extension staff, and marine, horticultural and coastal-related industries.
These models can be used to measure the direct economic impacts of disaster events on commercial fisheries landings, aquaculture and agricultural production, county gross sales, dockside and farmgate values of commercial landings, and agricultural and aquaculture production.
Objectives
Participants will:
- Learn how to develop economic models of damage assessment.
- Learn how to identify the North American Industry Classification System (NAICS) affected by the disasters.
- Learn how to collect and compile secondary data needed for the damage assessment.
- Learn how to estimate damages on the affected industries.
- Adopt these approaches to measure the direct impacts of disaster events on the affected counties of the state of Mississippi.
Expected Impacts:
This program will stimulate improvement in data monitoring, collection, compilation, analysis and sharing for future damage assessments.
Total number of modules or sessions: 7
Total number of hours for program delivery: 7
- Participants have the option of pacing their coursework.
- During registration, participants will be guided in planning their coursework.
Program Delivery
- This online course is open to the public, but registration is required.
- Public announcements will be made on social media and MASGC networks when the program becomes available.
- The online program will consist of the following materials:
- Online publications
- Instructional videos
- Web updates
- Social media
Primary Contact
If you are interested in participating in this program, don't hesitate to get in touch with me for your personalized lessons: Dr. Benedict "Ben" Posadas, [email protected].
Tentative Course Outline
- Economic Models, Sectors, and Data Requirements and Sources
- Data Compilation for State Annual Seafood Landings Assessment Models
- Data Compilation for City Metropolitan Statistical Area, County and State Annual Jobs and Personal Income Lost Models
- Data Compilation for City, County and State Monthly Sales Lost Models
- Estimating Seafood Landing Assessment Models
- Estimating Jobs and Personal Income Loss Models
- Estimating Sales Lost Models
Meet the author
Benedict C. Posadas, Ph.D.
Extension Research Professor of Economics
Since 1990, Ben Posadas has consistently developed and maintained the Mississippi State University Coastal Research and Extension Center’s (CREC) extension and research program in economics with... Read more
Phone: 228-546-1024
Email: [email protected]