Grameen Bank and founder Muhammad Yunus won a Nobel Peace Prize for innovations in poverty alleviation through microfinance. Microfinancing as a development tool and agent of social change has spread to developing countries and has been adapted for use in developed nations. Course focuses on historical/ theoretical basis of microfinance and reviews empirical findings regarding the success of microfinance. Students gain factual/historical information concerning development of the “microfinance revolution,” learn basic theoretical/ analytical tools needed to design microfinance programs, and engage in critical thinking regarding recent debates in field of microfinance. Pre-requisites: ECON205D and 210D. One course.

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