ECON 380 - Economics of Households in Developing Countries
In 2005, one out of five people on this planet was living on less than $1 per day. Half of the world lives on less than $2 per day. But how actually does one live on less than $1 per day? In this course students learn about the economic lives of the extremely poor: the choices they face, the constraints within which they make decisions, and the challenges they meet. Development economics is, in most part, the field of economics that studies the informal, imaginative institutions that replace the formal constructs we are used to in the developed world. In developing countries people face malfunctioning markets due to incomplete information, a weak legal structure, and constraints that result in economic choices and strategic considerations that are worth separate scrutiny. This is an advanced course in economics.
Prerequisites: ECON 251 and ECON 252 and ECON 375
Major/Minor Restrictions: Only Economics, Environmental Economics, Mathematical Economics majors and minors
Class Restriction: None
Area of Inquiry: Social Relations,Inst.& Agents
Liberal Arts CORE: None
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