This is an archived course. A more recent version may be available at ocw.mit.edu.

Syllabus

Topics covered in this course are available in the calendar below.

Course Meeting Times

Lectures: 1 session / week, 2.5 hours / session

Description

This is a course for those who are interested in the challenge posed by massive and persistent world poverty, have had some economics, and believe that economists might have something useful to say about this question. The questions we will take up include: Is extreme poverty a thing of the past? Why do some countries grow fast and others fall further behind? Does growth help the poor? Does foreign aid help? What can we do about corruption? Should we leave it all to the markets? Should we leave it to the non-governmental organizations (NGOs)? Where is the best place to intervene? How do we deal with the disease burden? How do we improve schools? And many others.

Prerequisites

This course assumes that you have completed 14.01 Principles of Microeconomics.

Required Text

Amazon logo Banerjee, Abhijit V., Roland Benabou, and Dilip Mookherjee, eds. Understanding Poverty. New York, NY: Oxford University Press, 2006. ISBN: 9780195305203.

Grading

ACTIVITIES PERCENTAGES
Class Participation 20%
Short Paper 1 20%
Short Paper 2 20%
Short Paper 3 20%
In-class Final Exam 20%

 

For the short papers, you will each choose three general paper topics. Each Short Paper should be approximately 1500 words long. Please see assignments for paper guidelines.

Calendar

SES # TOPICS KEY DATES
1 The Measure of World Poverty  
2 The Record of Growth  
3 The Historical Context of Growth: Colonialism, Globalization and All That Measure of world poverty and record of growth short papers due
4 Can Foreign Aid Help? Historical context short paper due
5 The Economic Lives of the Poor Foreign aid short paper due
6 Improving Education Economic lives of the poor short paper due
7 Health and Fertility Improving education short paper due
8 Delivering Healthcare Health and fertility short paper due
9 The Poor and Financial Services 1 Delivering healthcare short paper due
10 The Poor and Financial Services 2 The poor and financial services 1 short paper due
11 Negotiating with Corruption

The poor and financial services 2 short paper due

Corruption short paper due 4 days after Ses #13