Poverty, Inequality and Economic Development

Why does poverty exist amidst economic growth? Is there a poverty trap, and can households and individuals really move out of it?

What role do the market, state, and communities play in delivering developmental outcomes at the household level? How can we relate real-world data and evidence with theories and models in microeconomics? How do individual decision-making and choices interact with development outcomes and economic policies? What is the relation of inequality in access to education, health, credit, land, labour market with poverty? What is the inter-relationship between access and availability of environmental resources with development? Are there any gender-based differences in accessing the labour market, education, and health, and why do we care about it? In this course, we will be using models, theories, empirical papers, and real-life data to explore various aspects of microeconomics of development in the Indian and other developing country contexts.