MIT 14.771 DEVELOPMENT ECONOMICS FALL 2021

In this illuminating course, you will gain a comprehensive understanding of Development Economics through a series of engaging topics. The course commences with an exploration of the intricate concept of Poverty Traps, unraveling the theoretical foundations that underpin this phenomenon.

Moving further, we delve into Poverty Traps: Graduation Programs. Here, you will learn about innovative strategies and initiatives designed to help communities break free from the cycle of poverty. These graduation programs offer a practical roadmap for economic advancement, empowering individuals and communities to achieve lasting change.

Shifting gears, we introduce the fascinating field of Behavioral Development Economics. This segment provides a foundational understanding of how behavioral economics can shape development strategies. We then dive deeper into the Psychology of Poverty, examining the mental frameworks and cognitive biases that can influence economic decisions and outcomes.

Investing in Human Capital forms a pivotal part of this course. We explore the theoretical underpinnings of why investing in education and skills training is crucial for economic growth. The Demand for Education is also scrutinized, analyzing the factors that drive individuals and societies to seek educational opportunities.

This course offers a wealth of knowledge and practical insights for policymakers, development practitioners, students, and anyone interested in understanding the complex dynamics of economic development. By engaging with these topics, you will be better equipped to contribute to the global effort of creating sustainable and equitable economic growth.

Join us in this journey of learning and exploration as we delve into the intricate world of Development Economics, unraveling the nuances of poverty traps, behavioral aspects, and human capital investment.