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Date/Time/Place
TUES/THURS
2:00-3:15
McEniry 203
Syllabus
Instructor:
Dr. Brian Etherton
McEniry Building
Room 237
p: 704-687-5984
email:
betherto
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METR 4000 / ESCI 5000 / GEOG 5000
Economic Impacts of Weather
Weather and climate are fundamental
drivers of economic activity and financial risk. Weather affects a
wide range of industries, including energy, agriculture, insurance,
construction, retail, and transport, among others. This course will
introduce students to the role that weather plays as a source of
financial and operational risk for businesses, markets and other
institutions. It will also introduce the tools and concepts of
weather risk management - the insurance products, financial
derivatives, and decision tools that institutions can use to reduce
their weather-related risks.
TEXT:
Economic Value of Weather and Climate Forecasts
R. W. Katz and A.
H. Murphy
Course
Schedule
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Date (Tuesday) |
Tuesday |
Thursday |
Chapter |
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13-Jan |
AMS PHOENIX |
AMS PHOENIX |
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20-Jan |
SNOW DAY |
Intro/Syll/Pred (IC1) |
1 |
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27-Jan |
Forecast Verification |
Absolute Verification |
2 |
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3-Feb |
Comparative Verification |
Other Verification (IC2) |
2 |
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10-Feb |
Value of Information |
Weather Derivaties |
3 |
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17-Feb |
Trade for your Grade(IC3) |
DENNIS LORD - Retail |
3 |
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24-Feb |
Valuation Puzzles |
Prescriptive Case Studies |
3/4 |
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3-Mar |
Prescriptive Decision (IC4) |
MIDTERM EXAM |
4 |
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10-Mar |
SPRING BREAK |
SPRING BREAK |
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17-Mar |
STEVE HARNED - Fore. Met. |
Descriptive Studies(IC5) |
5 |
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24-Mar |
LES LEMON - Large Ven. |
STEVE LEYTON - Duke |
5 |
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31-Mar |
Descriptive Studies |
Work on Project |
5 |
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7-Apr |
Work on Project |
ANDREW ODINS - RIM |
6 |
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14-Apr |
Decision Models (IC6) |
Presentations
(3GR) |
6 |
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21-Apr |
Presentations (3GR) |
Presentations (1GR+2UG) |
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28-Apr |
Presentations (3UG) |
READING DAY |
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5-May |
FINAL EXAM |
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