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MITx: The Challenges of Global Poverty: 14.73x About Video

A course for those who are interested in the challenge posed by massive and persistent world poverty. You can register for The Challenges of Global Poverty, as well as other edX courses at http://edx.org/courses. This is a course for those who are interested in the challenge posed by massive and persistent world poverty, and are hopeful that economists might have something useful to say about this challenge. The questions we will take up include: Is extreme poverty a thing of the past? What is economic life like when living under a dollar per day? Are the poor always hungry? How do we make schools work for poor citizens? How do we deal with the disease burden? Is microfinance invaluable or overrated? Without property rights, is life destined to be "nasty, brutish and short"? Should we leave economic development to the market? Should we leave economic development to non-governmental organizations (NGOs)? Does foreign aid help or hinder? Where is the best place to intervene? And many others. At the end of this course, you should have a good sense of the key questions asked by scholars interested in poverty today, and hopefully a few answers as well. Sign up at http://edx.org/courses Prerequisites: This course is intended to be an introduction to the issues of global poverty, as conceptualized by leading economists and political scientists. Previous exposure to economics would be beneficial, then, as concepts such as income vs. substitution effects, Engel curves, and utility functions will be discussed. Similarly, some experience with statistics will also be helpful: we will be examining, for example, empirical evidence in the form of regression results. That said, these prerequisites are not critical to understanding and learning from the course. Links will be provided, as much as possible, on background issues and further reading to allow all participants to gain from the course.