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Abstract
Many states are adopting economic education standards for the K–12 curriculum, mandating
economic education courses in rural and urban schools. We examine economic education
outcomes for rural and urban students using test scores gathered during a national high school
academic competition and by estimating a production function for economic education. We
find only limited differences between the education production function in urban and rural
settings and lower average scores for rural students. To close this gap, results suggest that
rural schools should place economic content in the senior-year curriculum and provide
teachers with increased postgraduate training in economics.