PředmětyPředměty(verze: 850)
Předmět, akademický rok 2018/2019
Economics of Least Developed Countries - JEM123
Anglický název: Economics of Least Developed Countries
Zajišťuje: Institut ekonomických studií (23-IES)
Fakulta: Fakulta sociálních věd
Platnost: od 2017 do 2018
Semestr: zimní
Body: 6
E-Kredity: 6
Způsob provedení zkoušky: zimní s.:kombinovaná
Rozsah, examinace: zimní s.:2/2 Zk [hodiny/týden]
Počet míst: 55 / 55 (55)
Minimální obsazenost: neomezen
Stav předmětu: vyučován
Jazyk výuky: angličtina
Způsob výuky: prezenční
Poznámka: předmět je možno zapsat mimo plán
povolen pro zápis po webu
při zápisu přednost, je-li ve stud. plánu
Garant: doc. PhDr. Michal Bauer, Ph.D.
Vyučující: doc. PhDr. Michal Bauer, Ph.D.
Mgr. Dominika Špolcová
Anotace -
Poslední úprava: doc. PhDr. Michal Bauer, Ph.D. (18.11.2019)
The course covers major approaches in development economics. It focuses mainly on the least developed countries and it discusses concepts that are important for understanding causes of under-development and poverty. After introducing traditional growth models, particular attention is devoted to the role of technological complementarities, population growth, human capital, institutions and access to finance. We will also extensively discuss how the existing empirical evidence speaks to some of the key issues.
Požadavky ke zkoušce -
Poslední úprava: doc. PhDr. Michal Bauer, Ph.D. (18.11.2019)


Your final grade will consist of four parts with approximately following weights: Presentation: 10%, Comments: 10%, Mid-term: 30%, Final exam: 50%, Total: 100%

Sylabus -
Poslední úprava: Bc. Michaela Čuprová (20.11.2019)

Primer text: Ray Debraj (1998): Development economics. Princeton University Press. (available in the library).  

The text is supplemented by a packet of recent articles and book chapters. You can download them via the intranet (Moodles).


Outline of the course


Lecture1 : Introduction 




o      Ray Debraj (1998): Development Economics, ch.1-2, pp. 2-42.

o      Todaro and Smith (2004): Economic Development, ch. 1-2, pp.3-71. Library folder.

o      J. Bradford De Long, “Main Themes of Twentieth Century Economic Development,”UniversityofCalifornia,Berkeley, pp. 1 – 10.

o      Banerjee, A. andE. Duflo(2006): Economic lives of the poor. Journal of Economic Perspectives

o      Banerjee A. andE. Duflo(2008): What is middle class about the middle classes around the world? Journal of Economic Perspectives




Lectures 2-3: Traditional growth models and poverty traps 




o      Ray Debraj (1998): Development Economics, ch.3, pp. 47-90.

o      Sachs, Jeffrey, et al. (2004): Ending Africa' s Poverty Trap, Brookings Papers on Economic Activity, Issue 1, 2004 pp. 117-130.

o      De Mel, McKenzey, Woodruff (2008): Returns to capital in microenterprises: evidence from a field experiment. Quarterly Journal of Economics




Lecture 4: Technology adoption and complementarities





o      Ray, D. 1998: Development Economics. ch. 5, pp. 131-159.

o      Rosenstein-Rodan (1943): Problems of industrialization of Eastern and Southeastern Europe. The Economic Journal, Vol. 53, No. 210/211. (Jun. - Sep., 1943), pp. 202-211.

o      Todaro and Smith (2004): Economic Development, ch. 5, pp.170-5. Library folder.

o      Dulfo, Kremer and Robinson (2006): Why don't farmers use fertilizers: Evidence from field experiments in Kenya. American economic review








Lecture 5-6: Population, poverty and under-nutrition 




o      Ray, D. 1998: Development Economics. ch. 8-9, pp. 249-338.

o      Todaro and Smith (2004): Economic development, ch.7.

o      Miguel, E. and M. Kremer. 2004. „Worms: Identifying Impacts on Education and Health in the Presence of Treatment Externalities“. Econometrica 72: 159-217.

o      Sen, A. (1992): Missing women. BMJ 1992;304: 586-7.

o      Sen, A. (2002): Missing women- revisited. BMJ  2003;327:1297-1298 (6 December).










Lecture 7: Human capital



o      Ray, D. 1998: Development Economics. ch. 4, pp. 100-107

o      Psacharopoulos, George (1991): The Economic Impact of Education: Lessons for Policymakers. In Meier and Rauch (eds.) (2005), pp. 189-193.

o      Kremer and Hola (2008): Pricing and Access: Lessons from Randomized Evaluations in Education and Health.

o      E. Duflo, M. Kremer and R. Glennerster (2006): Using Randomization in Development Economics Research: A Toolkit. In Schultz and Strauss (2008): Handbook of Development Economics, volume 4.   

o      E. Duflo: Schooling and Labor Market Consequences of School Construction in Indonesia: Evidence from an Unusual Policy Experiment













Lecture 9: Microcredit and asymmetric information 



o      Armendariz DeAghion and Morduch (2005): Economics of microfinance. MIT, ch. 1-2, pp. 1-52. Library folder.

o      Karlan and Zinman (2007): Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment. Econometrica.







Lecture 10: Savings and insurance 




o      Rutherford, Stuart.  The Economics of Poverty: How Poor People Manage Their Money.

o      Ashraf, Karlan, Yin (2006): Tying Odysseus to the Mast: Evidence from a Commitment Savings Product in the Philippines. Quarterly Journal of Economics.

o      Bauer, Chytilova, Morduch (2012): Behavioral foundations of microcredit. American economic review

o      Ray, D. 1998: Development Economics. ch. 11, pp. 591-616.






Lecture: Institutions and corruption



o      Pande, Rohini (2008): Understanding Political Corruption in Low Income Countries. In Schultz and Strauss (2008): Handbook of Development Economics, volume 4.

o      Bowles, Durlauf and Hoff (2006): Poverty traps.PrincetonUniversityPress. p. 79-94.

o      DeSoto, Fernando (2000): The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else. Basic Books. Ch1, 3.









Lecture: Psychology of poverty



A. Mani, S. Mullainathan, E. Shafir, J. Zhao, Poverty impedes cognitive function. Science 341(6149), 976-980 (2013).

Haushofer, J., & Shapiro, J. (2013). Household Response to Income Changes: Evidence from an Unconditional Cash Transfer Program in Kenya. Working paper

Haushofer, J., & Fehr, E. (2014). On the psychology of poverty. Science (New York, N.Y.), 344(6186), 862–7. doi:10.1126/science.1232491

 Lerner, J. S., Li, Y., & Weber, E. U. (2013). The financial costs of sadness. Psychological Science, 24(1), 72–9. doi:10.1177/0956797612450302

Bartos, V., Bauer, M., Chytilova, J. and Levely, I. (2017): Does poverty inhibit attention or self-control? Experimental evidence on behavioral sources of impatience among the ultra-poor. Working paper
















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