14.73
The Challenge of World Poverty
Designed for students who are interested in the challenge posed by massive and persistent world poverty. Examines extreme poverty over time to see if it is no longer a threat, why some countries grow fast and others fall further behind, if growth or foreign aid help the poor, what we can do about corruption, if markets or NGOs should be left to deal with poverty, where to intervene, and how to deal with the disease burden and improve schools.
Spring 2011
Topics
- Introduction: What this class is about
- What is a poverty trap?
- Learning what works: The role of experiments
- The nature of famine
- Is there a nutrition based trap-the demand for food and calories
- Is there a nutrition based poverty trap-the hidden trap
- Delivering healthcare, a case study from India
- Low hanging fruit: Understanding healthcare behavior in developing countries
- Setting the stage
- Is it possible to deliver quality education to the poor?: The Pratham-JPAL Partnership
- Education: The man-made trap
- (Somewhat) un-orthodox findings on the family
- How do families decide?
- Gender discrimination
- Risk and insurance
- Insurance
- The (not so simple) economics of lending to the poor
- The (not so simple) economics of lending to the poor, cont.
- The promise and peril of microfinance
- Savings
- Savings 2
- Entrepreneurship and workers
- Entrepreneurship and workers (cont.)
- Policies, politics: Can evidence play a role in the fight against poverty?
- Policies, politics: Can evidence play a role in the fight against poverty? (cont.)
- Five thoughts in place of a sweeping conclusion
Readings
- Banerjee, Abhijit, and Esther Duflo. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty . PublicAffairs, 2011. ISBN: 9781586487980.
- We will also rely on articles and chapters of other books. Required readings are starred and need to be read before the lecture that they are listed under. Additional readings are not required, but will aid your understanding of the lecture material. Lecture notes will be distributed at each lecture. They are not a substitute for attending the class, but rather a study aide. In order to motivate some of the issues discussed in the lectures and readings, we will watch a handful of short films during some of the lectures, listed in the calendar.
- [Poor Economics] = Banerjee, Abhijit, and Esther Duflo. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty . PublicAffairs, 2011. ISBN: 9781586487980.
- LEC #: 1 · TOPICS: Introduction I: What this class is about! · READINGS: No readings
- LEC #: 2 · TOPICS: Introduction II: What is a poverty trap? · READINGS: *Chapter 1 and pp. 19–22 in Chapter 2 in [Poor Economics].
- * Sen, Amartya. “The Great Bengal Famine.” In Poverty and Famines: An Essay on Entitlement and Deprivation . Oxford University Press, 1983. ISBN: 9780198284635.
- *Chapter 2 in [Poor Economics]. pp. 22–8.
- LEC #: 6 · TOPICS: Food III: Is there a nutrition based poverty trap-the hidden trap · READINGS: *Chapter 2 in [Poor Economics]. pp. 28–40.
- LEC #: 8 · TOPICS: Health II: Low hanging fruit: Understanding healthcare behavior in developing countries · READINGS: Chapter 3 in [Poor Economics].
- LEC #: 11 · TOPICS: Education III: Beyond supply and demand wars · READINGS: *Chapter 4 in [Poor Economics].
- LEC #: 12 · TOPICS: Family I: What drives fertility decisions · READINGS: *Chapter 5 in [Poor Economics]. pp. 103–23.
- *Chapter 5 in [Poor Economics]. pp. 123–9.
- LEC #: 15 · TOPICS: Risk and Insurance II · READINGS: *Chapter 6 in [Poor Economics].
- LEC #: 17 · TOPICS: Credit II: The economics of lending to the poor · READINGS: *Chapter 7 in [Poor Economics]. pp. 157–68.
- *Chapter 7 in [Poor Economics]. pp. 168–80.
- LEC #: 19 · TOPICS: Savings I · READINGS: * Rutherford, Stuart, and Sukhwinder Singh Arora. Chapters 1 and 2 in The Poor and Their Money: Microfinance From a Twenty-First Century Consumer’s Perspective . Practical Action, 2010. ISBN: 9781853396885.
- LEC #: 20 · TOPICS: Savings II · READINGS: *Chapter 8 in [Poor Economics].
- LEC #: 21 · TOPICS: The poor and their businesses · READINGS: *Chapter 9 in [Poor Economics].
- LEC #: 22 · TOPICS: The poor and their businesses (cont.) · READINGS: *Chapter 9 in [Poor Economics].
- LEC #: 24 · TOPICS: Institutions II: The very small pictures · READINGS: *Chapter 10 in [Poor Economics].
- LEC #: 25 · TOPICS: Policies, politics · READINGS: No readings
Prerequisites & course information
Prereq: None U (Fall) 4-0-8 units. HASS-S; CI-H
Sources
- Course catalogue ↗2026–2027
- MIT OpenCourseWare ↗Spring 2011
- MIT OCW calendar ↗
- MIT OCW syllabus ↗
- MIT OCW readings ↗
- Historical MIT OpenCourseWare offering. Named reading entries and schedule topics are automatically extracted from the linked source pages.