Economic Theory




Development Economics - Microeconomic Aspects of Development


Dr. Kristina Czura

Course Overview

Over 700 million people subsist on less than $1.90 a day. Despite substantial improvements in recent decades, a large share of the world's population suffers from low education, limited access to medical services, sanitation, and clean water resulting in malnutrition and substantial mortality rates, in particular among children. The vast majority of the poor work in subsistence agriculture or as informal entrepreneurs without access to adequate financial services.

This course will provide more precise ideas about the lives of the poor, why poverty may persists and how it can be alleviated. We will cover a broad range of important microeconomic aspects in the lives of the poor like health, education, agriculture, and financial services.

We will apply both theoretical models and empirical evaluations. Therefore, a profound knowledge of microeconomic theory (e.g. Microeconomics I & II) and empirical research (Statistic 1 & II, Empirical Economics I, which can also be attended in the same semester) is required. Applied empirical methods that go beyond a linear regression model (OLS) will be discussed in the course.


Wed., 14:00 - 16:00 c.t. A214, Geschw.-Scholl-Pl. 1

Tutorials (bi-weekly)

Thursday, 08:30 - 10:00 s.t. E004, Geschw.-Scholl-Pl. 1


All materials and relevant course information will be uploaded to the LSF.


Banerjee, A. and Duflo, E. (2011) "Poor economics: a radical rethinking of the way to fight global poverty", New York: Public Affairs

Ray, D. (1998) "Development Economics", Princeton University Press


The Exam will take place on Thursday Febuary 7 at 08:00 - 10:00 in tba.

You have to register for the exam in the LSF.