There are enormous differences across countries in income and poverty, as well as in health, education, nutritional standards, and other factors related to the quality of life. The main objective of this course is discuss research that seeks to understand those differences, and identifies remedies to improve the living conditions of the poor.
The course first provides a macro-economic perspective, which discusses what we know (and do not know) about the relation between growth and poverty reduction. Some of the questions addressed are: What might drive economic growth? Are there reasons to believe that average income levels will converge across the world? Does growth reduce poverty?
The second part of the course will then present a microeconomic perspective on the lives of the poor. First, we will talk about different reasons why ‘poverty traps’ might emerge – situations where poor individuals stay poor because they are poor. We will then talk about the role of credit and insurance markets in the economic lives of the poor. The course will devote separate lectures to the role of education and market integration, as well as the role of agriculture in economic development. In doing so, we will discuss simple formal economic theories, as well as evidence using a wide range of empirical methods.
Introductory courses in Microeconomics and Econometrics
Health Economics provides a broad overview of healthcare delivery and finance systems, both in the U.S. and abroad, and explores the role that economic theory plays in the national healthcare reform debate. The student will be introduced to a number of basic theoretical tools used in economics to explain the allocation of scarce resources in healthcare markets, as well as a community mapping database used to study disparities in access to healthcare across communities. The course will also explore a number of controversial questions involving the rationing of care, "market failures" in the current healthcare system, and the extent to which recent healthcare reform legislation addresses these issues.
A basic knowledge of microeconomics is preferred, but not required.
This course examines the political economy of the protection and degradation of the natural environment and its impacts on society. The course addresses the major environmental challenges of society today using economic tools, and with the goal to understand how we could build a fair, efficient and sustainable society. The economic tools used draw from neoclassical and neoinstitutional economics as well as contemporary tools from game theory and behavioral economics to understand how power, institutions and human choice interact to produce desirable or undesirable social outcomes with respect to the environment and human well-being. As part of the pedagogical process, we will be using classroom experiments during the course so that students experience first-hand the type of institutions, incentives and choices associated with social interactions and interactions with their natural environment.
-a previous course on introductory economics and an understanding of the main principles of a market economy (supply, demand, marginal analysis.
-basic knowledge of statistics (means, medians, standard deviations, frequences, histograms).
-graphical understanding of X-Y graphs, slopes, areas
-all readings are in english, most are available in spanish
Undergraduate class in intermediate microeconomics focusing on efficiency and equilibrium in exchange and production economies and externalities.
Students are expected to have a sufficient background in calculus and optimization for firms and consumers and be used to solving simple mathematical problems. Some knowledge of game theory (Nash equilibrium and Subgame Perfect Nash equilibrium) is useful but not essential. Students at Universidad Carlos III de Madrid, typically take the class after having taken two semesters of math and a semester of intermediate microeconomics and at the same time as they take a game theory class. Past exchange students who did not have the same background as Universidad Carlos III de Madrid regular students but had sufficient familiarity with mathematical reasoning have not had problems performing well and even very well. If you apply for ACTIVE PARTICIPATION you also need to FILL OUT THE FOLLOWING GOOGLE FORM: https://forms.gle/fuwFCkfnuEH9xtga9.
0-10, 5 minimum passing grade
50% Midterm exam grade and 50% Final exam grade, unless Final exam grade is higher than Midterm exam grade in which case 100% Final exam grade
Este MOOC es un curso fundamental de microeconomía, en el que se estudia el comportamiento de los agentes económicos privados (consumidores y empresas), así como las principales estructuras de mercado existentes, como la competencia perfecta, el monopolio, el oligopolio y la competencia monopolística.
Es recomendable contar con conocimientos matemáticos básicos.
The course introduces students to central concepts in the study of developing countries and poverty. Students will:
Gain an overview of the field of development economics and major topics in policy and research within the field.
Practice the understanding and use of the most common statistical methods used in the empirical study of development economics, with a focus on causal inference.
Learn about ways to measure and define poverty, and the main explanations highlighted in the field of economics for differences in growth and income levels between rich and poor countries. The course will consist of classroom lectures and exercise sessions, and is taught in collaboration with the United Nations University World Institute for Development Economics Research (UNU-WIDER) in Helsinki, whose researchers give four guest lectures in the course.
NOTE: The course will be taught in hybrid format meaning that lectures take place in a classroom where a small group of the students attend lectures live (subject to Aalto's covid regulations). Classes are also live streamed which allows the participants through Remote student exchange, as well as some of the Aalto program students, to take part remotely.
Students are expected to have taken intermediate BA level courses in microeconomics and econometrics. Students with the equivalent knowledge can also take the course after consulting with the teacher in charge. Some extra material on applied methods in econometrics will be provided for students who wish to refresh their skills in this area.
The course aims to provide normative foundations of policy making, to highlight when we can expect market failures and social dilemmas to arise, how can we tackle them, and finally to present some technological, political, and institutional factors that constraint a policy maker.
Module outline link:
Wednesday sessions link: https://eu.bbcollab.com/guest/a8b5e071b6a547d4b287811430823b13
Friday sessions link:
- to acquire knowledge and competencies on the management of sustainable development in dynamic environments;
- to develop a new vision on sustainable development concerning the set of interrelated issues in a world scale;
- to solve the related issues concerning long-term preservation of the planet.
Who are the 86 laureates of the economics “Nobel prize”, and what are their scientific contributions? This course will present the major concepts, theories and results in modern economics, through an overview of the work of a selection of economics “Nobel prize” as well as Leontief prize laureates.
Outline: Each lesson will present the theories, concepts and results introduced by a few major economists, grouped by theme and school of thought, and loosely following a chronological order. About half of economics “Nobel prize” laureates will be presented, as well as several recipients of the Leontief prize (an annual award to outstanding economists who “address contemporary realities and support just and sustainable societies”). The fourteen lessons will cover: Keynesianism; libertarianism; neoclassical macro; neokeynesian macro; foundations of micro; game theory; behavioral micro; micro of organisations and contracts; public economics; econometrics; finance; economics and society (i.e. institutions, development, well-being, environment); development (through Leontief prize winners); macroeconomics (also Leontief).