Economics Primer

Economics Primer


Jeffrey K. Lazo 
Robert S. Raucher 
Thomas J. Teisberg 
Carolyn J. Wagner 
Rodney F. Weiher 

Version: August 6, 2009 
2009 Copyright University Corporation for Atmospheric Research


This primer on economic theory, methods, and applications is primarily for members of the weather community. It is intended to increase their understanding of economic methods and their applicability in evaluating both the impacts of national meteorological and hydrological services (NMHS) and the associated benefits and costs of those services. To this end, the document (1) explains the concept and practice of an economic benefit-cost analysis (BCA); (2) discusses why conducting such economic analyses is important and useful; (3) offers guidance on how to conduct BCAs and document and communicate the inputs and outputs of such analyses; and (4) presents illustrations of economic analysis for NMHS projects in the form of case studies.

Please click on a link below to view/download the Primer:

Primer in PDF format (English) 
Manual de economía para los servicios meteorológicos e hidrológicos nacionales (Economics Primer in Spanish)