• 2015WaltonAward


    Prof. Terry Anderson

    Property and Environment Research Center (PERC.org) & Hoover Institution, Stanford University

    2015 Gary Walton Award for Leadership in Economic Education

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  • LionTitle


    NEW Hot Topic:

    Target:  Big Game Hunting

    We can learn a great deal about institutions and incentives from the recent death of Cecil the lion and the ongoing controversy over wildlife hunting and conservation policies in African nations.

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  • WinterOnline


    Winter 2016 Online Course Registration OPEN

    • Economics Online for Teachers -2 (EOFT2)
    • Teacher Economics – Federal Reserve (TE-FR)

    January 12 – March 15, 2016  (graduate credit available)   
    Reg. deadline:  Jan 7 or when course fills

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  • cornell-kids


    A tax deductible contribution to the FTE ensures that we can improve economic education in the classroom and beyond for many years to come.

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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.)