Econ of Disasters – Unit Introduction

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Econ of Disasters – Unit Introduction
The first unit of this curriculum guide aims to recognize and examine the economic impacts of natural disasters. Mandated content standards and testing have eliminated “current events” days from the social studies classroom calendar, transforming disasters from “teachable moments” to curricular inconvenience. While each disaster seems horrifyingly unique, using the economic way of thinking to sift through the chaos reveals threads of uniformity. Once identified, the common features of past disasters form a template for analyzing the current one, allowing teachers to quickly incorporate today’s unexpected news into instruction targeting existing curriculum objectives.
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 of these principles.
The chart below is a brief guide to the content and context of the lessons that make up The Economics of Disasters.

Lesson Title

Economics Focus

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