ECON 523

Microfinancing, in which small loans are given to those who are impoverished/lack collateral, has been credited for alleviating poverty/raising the incomes of millions of people in developing countries. Is it really so successful? Course focuses on historical/theoretical basis of microfinance. Students engage in a critical assessment of microfinance. Overall, students gain factual/historical information concerning the "microfinance revolution", learn the basic theoretical/analytical tools needed to design microfinance programs, and engage in critical thinking regarding recent debates in the field. Graduate pairing for Econ 323; graduate students will receive additional writing assignments. Instructor: Staff