Political Economy of Development

Catalog description

Why are some countries rich and some poor? Why are some households rich and some poor? This course introduces students to the intellectual tools for understanding why development varies across the globe and the practical tools for designing and evaluating policies aimed at alleviating poverty. To that end, the course is organized into three parts. The first part focuses on the big picture: the macroeconomic and political foundations for sustained economic growth, including historical legacies, technological innovation and political institutions. The second part focuses on the micro-picture: the household-level dynamics of poverty and development, including access to food and credit, the role of health and education, the transition from village to city life, and day-to-day governance. The third part of the course introduces students to the practicalities of designing and evaluating the efficacy of governance and poverty relief interventions and policies. The focus will be on the use of field experiments to study interventions to promote better governance and household wellbeing.