This unit is designed to give students a critical understanding of the inherent problems facing developing countries. The focus is on the research that provides insights into the constraints and decisions of the poor and the implications for practical and achievable policy interventions that improves the lives of the poor. The range of topics covered includes the poverty trap, nutrition, health, how families make decisions on issues such as fertility and gender; how the poor make decisions about education; and the general failure of the market and institutions including credit, savings and insurance markets in providing services to the poor and fostering economic development.
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1. Evaluate the evidence that show how economic agents make decisions, and the impact this has on their well-being. 2. Assess the impact on the well-being of the poor arising from the institutions that govern their lives. 3. Appraise policy interventions designed to improve the well-being of the poor. 4. Critically analyse the pursuit of the Sustainable Development Goals in low-income countries.