• Group of six students outside sitting on steps

    ELEVATE

    High school students:

    SPACES STILL AVAILABLE!

    Elevate your economics knowledge. Enroll in Economics for Leaders today!

    15 sites on prestigious campuses across the nation

    Learn More

  • EconTalkCDcover

    CELEBRATE

    2016 Walton Award Honoree

    Russell Roberts, PhD.

    Hoover Institution, Stanford University
    Library of Economics & Liberty, Liberty Fund Inc.

    Learn More

  • Chicago-sm

    EDUCATE

    Professional Development Program

    High school and middle school teachers

    Economics for Leaders
    University of Chicago
    Chicago, IL
    July 17 – 22

    Graduate Credit Available

    Learn More

  • FallRegistrationSlider

    DON’T WAIT

    Fall Online Courses Open

    EOFT1:  September 6 – October 28

    EOFT2:  October 10 – December 9

    TE-FR:  September 6 – October 28

    Learn More

Economics of Disasters

Mandated content standards and testing have kicked “current events” days from the social studies classroom calendar, transforming disasters from “teachable moments” to curricular inconvenience. Using the economic way of thinking to sift through the chaos of natural disasters, however, reveals threads of uniformity running through the litany of horrors and devastation unique to each event.

Once identified, the common features of past disasters form a template for analyzing “the next one,” allowing teachers to quickly incorporate today’s unexpected news into the planned curriculum outline.

This set of lessons looks at a variety of natural disasters – from the Black Death of the Middle Ages to Hurricane Katrina in our too-recent memory, to fears of avian flu pandemics that haunt the future – through the lens of economic analysis. The contexts were chosen to facilitate the teaching of economic reasoning principles not only in economics courses, but also in history and the other social studies disciplines. Each lesson addresses a question that reflects people’s compassionate reaction to news of disaster and develops one or two key tools of economic analysis in answering that question. Case studies of past disasters provide real-world illustrations.

Lesson Topics

(Click here for information on co-sponsoring or attending 1-day workshops.)