Credits: 6


Date and timePlace

Teacher in charge (valid 01.08.2018-31.07.2020): 

Yao Pan

Teaching Period (valid 01.08.2018-31.07.2020): 

IV, V Spring (2018-2019), Otaniemi campus

IV Spring (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

The goal of this course is to explore policy foundations, challenges and solutions to combat
poverty in developing countries.

Content (valid 01.08.2018-31.07.2020): 

The books help students rethink the economy of poverty with frontier empirical research
findings in development economics. The first book help understand why poor people remain
poor by describing daily decisions facing the poor and explains the underlying reasons
for poor’s seemingly irrational behaviors. The second book explains why billions of
dollars in development aid sent from wealthy countries to developing African nations has
failed to improve the lives of Africans and trapped developing nations in a vicious circle of
aid dependency, corruption, market distortion, and further poverty. The third book presents
innovative and successful development interventions around the globe and shows
how small changes can drastically improve the well-being of poor people everywhere.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Exam according to the exam schedule. Passing of each book required. You must answer
the essay questions in English.

Study Material (valid 01.08.2018-31.07.2020): 

Compulsory books:
Banerjee, Abhijit, and Esther Duflo (2012) Poor Economics: A Radical Rethinking of the
Way to Fight Global Poverty.

Moyo, Dambisa (2009) Dead Aid: Why Aid Is Not Working and How There Is a Better
Way for Africa.

Karlan, Dean, and Jacob Appel (2012) More Than Good Intentions: Improving the Ways
the World's Poor Borrow, Save, Farm, Learn, and Stay Healthy.

Course Homepage (valid 01.08.2018-31.07.2020):

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 

Exam via WebOodi

Further Information (valid 01.08.2018-31.07.2020): 

Please note that the course is given as a book exam in study year 2018-2019! The exam dates will be updated to WebOodi in January 2019.


Registration and further information