ECON 521 Spring 2013 Incentives and Development Policy

Why isn't the whole world developed? This course (and instructor) is of the opinion that the difficulty of getting incentives right is the key source of inefficiency. The course therefore studies how limited enforcement and asymmetric information constrain development, and about innovative development designs that attempt to overcome these constraints. The course readings will be a mix of field studies, empirical evidence and theoretical tools from game theory. Incentive and corruption problems in health, education, the regulation of banks and natural monopolies, privatization, budgeting, debt forgiveness, foreign aid, microfinance, climate treaties and ethnic violence will be studied using a unified framework.
Class Format: seminar
Requirements/Evaluation: two hour-long tests and a final policy project
Additional Info: May not be taken on a pass/fail basis; not available for the Gaudino option
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Prerequisites: undergraduate enrollment limited and requires instructor's permission
Enrollment Preference: This course is intended for CDE Fellows
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Divisional Attributes: Division II
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Enrollment Limit: 19
Expected Enrollment: 19
Class Number: 3455
ECON521-01(S) SEM Incentives and Development Division 2: Social Studies Ashok S. Rai
TR 09:55 AM-11:10 AM Physics 114 3455
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