Microeconomics for Development


Course Objective

In this course we apply microeconomics to topics in development
economics. The aim is not to be complete, but to select a number of
well-studied topics, stressing their empirical foundation as well as the
role of policy. Students should be able to:

- demonstrate knowledge and understanding of microeconomic principles
underlying economic development

- have a good understanding of empirical strategies to identify
microeconomic foundations of development

- demonstrate an ability to derive policy implications from
microeconomic development analysis

Course Content

The concepts and measurement of poverty and inequality will be
extensively discussed as well as methods for
evaluating the impact of policy. The impact of market imperfections,
particularly for handling risk, on firm and household behaviour will be
covered, including a discussion of consumption smoothing, risk-sharing,
diversification and microfinance strategies. The principal-agent
relationship between donors and recipients of foreign aid will be
illustrated with a discussion of elite capture and the measurement and
costs of corruption. During the course, extensive use will be made of
empirical evidence.

Teaching Methods


Method of Assessment

written examination, assignments


Selected articles to be announced.

Target Audience

master economics, specialization development economics
students who take this as an elective, with sufficient quantitative

Recommended background knowledge

- Advanced Microeconomics (code E_EC_ADVMIE)
- Applied Econometrics (code E_EC_APTR)

General Information

Course Code E_EC_MED
Credits 6 EC
Period P2
Course Level 400
Language of Tuition English
Faculty School of Business and Economics
Course Coordinator prof. dr. M.P. Pradhan
Examiner prof. dr. M.P. Pradhan
Teaching Staff prof. dr. M.P. Pradhan
prof. dr. C.T.M. Elbers
prof. dr. R.H. Oostendorp
prof. dr. P.F. Lanjouw

Practical Information

You need to register for this course yourself

Last-minute registration is available for this course.

Teaching Methods Lecture
Target audiences

This course is also available as: