30195 - ECONOMICS (POVERTY, INEQUALITY AND INCOME DISTRIBUTION)
CLEAM - CLEF - CLEACC - BESS-CLES - WBB - BIEF - BIEM
Course taught in English
Go to class group/s: 31
- Why attending this course?
- Inequality, the financial crisis, and the great recession.
- Global trends in inequality and poverty.
- Measurement: The need for criteria.
- Introduction to the measurement of inequality and poverty:
- Income distribution functions: Pareto, Normal and Log-normal.
- Partial ordering methods: Stochastic dominance and the Lorenz Curve.
- Complete ordering methods: the Gini index.
- The transfer principle and other criteria for evaluating inequality measures.
- Trends in income shares:
- The top 1%: Capital in the XXI century.
- The remaining 99%: Skills, education, and the rise of earnings inequality
- Measurement: the Pareto distribution and the estimation of income shares.
- Intergenerational inequality:
- Where is the "Land of Opportunity"? The Great Gatsby curve.
- The generation gap.
- Measurement intergenerational income elasticity, rank-rank regressions.
- The World Income Distribution:
- The Solow model,growth accounting and the convergence debate.
- Between-and Within-country inequality.
- Measurement entropy measures, the inequality possibility frontier and the extration ratio.
- Policy analysis:
- Optimal taxation and foreign aid.
- Randomized controlled trials.
- Measurement the Atkinson index, poverty measures.
- Written exam (two partial exams or one general exam) worth 100% of final score.
- Written exam worth 70% of final score (two partial exams worth 35% each or one general exam worth 70%) plus an in-class group presentation of a given research paper worth 30% of final score.
No specific prerequisites are required but basic knowledge of microeconomics, macroeconomic and statistics.