Learning Outcomes
Upon successful completion of the course, students will be able to analyze and understand the economic life and behavior of the poor and have knowledge of policies that can address global poverty. They will be well aware of the theories that help us understand both what the poor can achieve and what issues and why they need impetus to succeed in escaping poverty. They will also be well-aware of individual issues in the lives of the poor as well as explore how the factors that contribute to the persistence of poverty can be overcome.
Course Content (Syllabus)
Section 1: Trapped in Poverty. Looking for the causes.
Section 2: One billion hungry people? How well and how well are the poor fed? Is there really a poverty trap associated with malnutrition?
Section 3: The trap of ill health. The use of technology. Behavior in search of better health.
Section 4: The education of the poor. Supply against demand. The curse of expectations. Why schools fail.
Section 5: The size of the family. What problems do a big family create? Do the poor control their fertility decisions? Children as financial tools of the family.
Section 6: The Poor Hedge Fund Managers. The dangers of poverty. Where are the insurance companies for the poor?
Section 7: Lending to the poor. Micro dimensions of a Macro program. Does microfinance work? The limitations of microfinance. Can larger companies be financed?
Section 8: Saving "brick to brick". Why the poor do not save more? The psychology of saving. Poverty and the logic of self-control.
Section 9: The reluctant entrepreneurs. Capitalists without capital. The businesses of the poor. Jobs.
Section 10: Policies and politics. Political economy. The marginal changes. Decentralization and democracy. Criticism of political economy.