Curriculum The Economics of Weather
The Economics of Weather
How weather shapes economies day to day: the value of forecasts, heatwaves and work, weather and shopping, cold waves and fog, weather insurance and derivatives, cyclone early warnings, lightning, urban flooding, weather and mood, and a recap.
- Why Weather Matters for the Economy How daily and seasonal weather affects farming, energy, retail, transport and health, and why economists study weather shocks. 📄 Read-aloud
- The Value of Weather Forecasts How better weather forecasts save money and lives, why forecasting is a public good, and how IMD and private weather firms provide forecasts in India. 📄 Read-aloud
- Heatwaves and Work How extreme heat reduces productivity, especially for outdoor workers, research on heat and factory output in India, and heat action plans. 📄 Read-aloud
- Weather and Shopping How weather changes what people buy, from umbrellas and ACs to ice cream, how retailers use weather data to plan stock, and weather-based pricing. 📄 Read-aloud
- Cold Waves, Fog and Disruption How winter fog in north India delays flights and trains, cold waves affect health and work, and technologies like CAT III landing help. 📄 Read-aloud
- Weather Insurance and Derivatives How weather-based crop insurance pays farmers based on rainfall or temperature readings, and how firms hedge weather risk with weather derivatives. 📄 Read-aloud
- The Economics of Weather: Checkpoint 1 Quick checkpoint - five questions on weather, forecasts, heat, shopping and fog. 5 questions
- Cyclone Early Warnings How Odisha cut cyclone deaths dramatically from the 1999 super cyclone to Phailin in 2013 through early warnings and evacuation, a model of cost-effective preparation. 📄 Read-aloud
- Lightning: A Hidden Killer Why lightning kills thousands of people in India each year, mostly farmers in open fields, and how warning apps like Damini help. 📄 Read-aloud
- Urban Flooding How heavy rain floods cities like Mumbai, Chennai and Bengaluru, why construction on lakes and drains worsens flooding, and the economic costs. 📄 Read-aloud
- Weather, Mood and Markets What research says about sunny weather and stock market returns, weather's effect on decisions, and why these effects are small but real. 📄 Read-aloud
- More Extreme Weather How climate change makes heatwaves, heavy rain and droughts more frequent, why this raises economic costs, and how adaptation spending pays off. 📄 Read-aloud
- Weather: Recap A recap of how weather shapes the economy. 📄 Read-aloud