ECON 520 Spring 2013 Microfinance (D) (Q)

Cross Listed as ECON473
Unequal access to finance (loans, savings, insurance) contributes to the persistence of poverty in developing countries. We review evidence that the entrepreneurial poor lack access to loans, and discuss how repayments can be enforced even when borrowers do not have collateral. We discuss how recent innovations in micro-insurance can reduce vulnerability. We will study the role of governments and donors in equalizing financial access through subsidies or targeting. Finally, we shall explore how microfinance can empower women within the household. Readings include current empirical and theoretical research in development economics. This course is an EDI course because it critically analyzes how microfinance interventions can reduce inequality both within and across households.
Class Format: seminar
Requirements/Evaluation: evaluation will be based on a midterm, a series of short papers and a longer final paper
Additional Info: not available for the Gaudino option and may not be taken Pass/Fail
Additional Info2:
Prerequisites: ECON 251 and ECON 255
Enrollment Preference: senior Economics majors
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Divisional Attributes: Division II,Exploring Diversity,Quantitative and Formal Reasoning
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Enrollment Limit: 19
Expected Enrollment: 19
Class Number: 3853
ECON520-01(S) SEM Microfinance (D) (Q) Division 2: Social StudiesExploring Diversity InitiativeQuantitative and Formal Reasoning Ashok S. Rai
TF 1:10 PM-2:25 PM Clark Hall 205 3853
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