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Course 2011-2012 a.y.

30195 - ECONOMICS (POVERTY, INEQUALITY AND INCOME DISTRIBUTION)


CLEAM - CLEF - CLEACC - BESS-CLES - BIEMF

Course taught in English


Go to class group/s: 31

CLEAM (6 credits - I sem. - OP  |  SECS-P/01) - CLEF (6 credits - I sem. - OP  |  SECS-P/01) - CLEACC (6 credits - I sem. - OP  |  SECS-P/01) - BESS-CLES (6 credits - I sem. - OP  |  SECS-P/01) - BIEMF (6 credits - I sem. - OP  |  SECS-P/01)
Course Director:
RENATA LENTI

Classes: 31 (I sem.)
Instructors:
Class 31: RENATA LENTI


Course Objectives
The course aims at analyzing the multifaceted aspects of inequality and poverty in developed and developing countries and to draw policy implications from these findings. The focus is on clarifying concepts and measures, capturing trends and understanding the causal processes back and forth to the economy. From the inequality perspective the analysis is concentrated on the distribution of income among households. Poverty, instead, is defined not only in the income/consumption space, but also in the "functioning" space, in relationship to the satisfaction of some basic need as health and nutrition. 

Course Content Summary
  • Concepts and theories of inequality and poverty:
    • Theories of income distribution.
    • Theories of justice; The Sen’s approach.
    • Inequality, Poverty, Deprivation and Social exclusion.
  • Measurement of inequality and poverty in the unidimensional and multidimensional space:
    • Positive and normative measures of inequality (the Gini index, the Atkinson index, the generalized Entropy indices) and complete ordering (the Lorenz curve).
  • Measurement of poverty (equivalences scales, units, poverty lines).
    • Unidimensional and multidimensional measurement of poverty and welfare .
  • Income inequality in:
    • OECD countries and Italy.
    • Developing countries.
  • Poverty and policies contrasting poverty in a global context:
    • Empowerment, Human Development and Human Poverty Index.
    • Pro-poor policies. Food security, nutrition policy and sustainability.

Detailed Description of Assessment Methods
The assessment is written. No difference between attending and not attending students. The exam can be taken in two steps (a partial during the semester and a final during the month of January) or as a single proof during the winter session. The content of the partial is announced to students before the date of the exam. Students can have a look at corrected exams before the registration.

A computer laboratory session with STATA is offered during the semester where students are trained on the computation of poverty and inequality indexes. A lecture from a visiting scholar is held.


Textbooks
  • S.R. CHAKRAVARTY, Inequality, Polarization and Poverty. Advances in Distributional Analysis, Springer, 2009, cap. 1, 2, 3, 6.
  • W. SALVERDA, B. NOLAN, T. SMEEDING, The Oxford Handbook of Economics Inequality, Oxford University Press, 2010, cap. 1, 2, 3, 4, 5, 13.

A list of other references and lecture notes will be posted on the learning space.


Prerequisites
 

Prerequisites

No specific prerequisites are required but basic knowledge of microeconomics, macroeconomic and statistics. The course is mainly addressed toward students who plan to enroll in the Master of Science.

Last change 02/05/2011 13:46