Course Overview
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Course Synopsis
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Poverty and income distribution is one of the most important branches of the broader disciplines of economics. It is the economics of poor, third world and developing countries. It deals with the level and intensity of the poverty problem, and role of institutions in provision of basic human needs to the poor. It also discusses performance measures of the government policies outcome and to detect, whether policies are pro-poor or pro-rich. It is also important to describe the achievement of millennium development goals and sustainable development goals. The purpose to study this course is to get familiarize about the problems of poverty, inequality, vulnerability, population growth, education, and health of developing countries and policy options to overcome these problems.
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Course Learning Outcomes
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At the end of the course, student should be able to:
- Understand who is poor? Poverty is uni-dimensional or multi-dimensional phenomena, types of poverty in multi-perspective.
- Know about Sen's capability approach for poverty, multi-dimensionality of poverty, poverty, inequality and vulnerability.
- Know to measure poverty, keeping poor people on agenda, targeting domestic and worldwide interventions, monitoring and evaluation for policy perspective and evaluating the effectiveness of institutions.
- Understand about the multi-dimensional poverty index, steps in measuring poverty, household survey's for measuring poverty, key issues in household survey.
- Know use of survey data for poverty and inequality measurement, sampling techniques used for data collection on poverty; random vs stratified sampling, simple random sampling vs cluster sampling in poverty survey.
- Know about key features of standardized surveys for poverty measurement, multi-topic questionnaires, and quality control during sampling.
- Know about the welfarist approach in measuring poverty, expenditure as measure of welfare, monetary measure; income as poverty measure and issues in income as a good measure of poverty.
- Understand about consumption as poverty measure, comparison of income vs consumption as poverty measure, life cycle hypothesis for income and consumption over time.
- Familiarize about value of housing services in poverty measures and household surveys, wedding and funeral in consumption/surveys, differences in household composition.
- Know about adult equivalents in poverty measurement, OECD Scale for adult equivalent, and some other scales for adult equivalence.
- Understand about comparison of income vs consumption as indicator of welfare, calorie approach in poverty measure, food consumption as criterion of poverty, anthropometric standard as poverty measure.
- Know about poverty line, poverty line for household, relative poverty, absolute poverty and poverty lines in Pakistan.
- Know about different methods like food energy intake method for poverty line, poverty line assessment, absolute vs relative, per capita daily calorie intake and poverty line, food energy intake method, demerits.
- Know about different methods of poverty like Head count index or incidence of poverty, poverty gap index, squared poverty gap or severity of poverty, Foster-Greer-Thorbeck poverty measures, Sen index of poverty measure, Sen-Shorrocks-Thon index for poverty measure, the watts index for poverty measure.
- Understand about errors in measuring poverty, sampling error, measurement error, equivalence scales, choice of poverty line and poverty measures, standard of living measurement.
- Know about the concept of inequality, global inequalities, types of inequality; horizontal vs vertical inequality.
- Understand social justice and distributional issues, social dimensions of inequality (race, ethnicity, class, gender, immigration status, disability, age, sexual orientation and family structure).
- Discuss inequality trends in Pakistan, measures of inequality, decile dispersion ratio for inequality measurement, Gini coefficient of inequality, Lorenz curve for inequality, Atkinson inequality measure.
- Understand about comparison of income inequality measures and consumption inequality measures.
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Course Calendar
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Week 01
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1
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Lesson 01: Types of Poverty
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2
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Lesson 02: Why Measure Poverty?
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3
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Lesson 03: Household Survey’s in Poverty Measurement
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Week 02
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4
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Lesson 04: Sampling Techniques and Questionnaires
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5
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Lesson 05: Approaches in Measuring Poverty
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Quiz 01
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6
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Lesson 06: Consumption Measurement and Poverty Survey’s
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Week 03
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7
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Lesson 07: Equivalent Scales in Poverty Measurement
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8
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Lesson 08: Comparison of Poverty Indicators
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9
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Lesson 09: Choices of Poverty Threshold
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Week 04
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10
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Lesson 10: Poverty Lines in Pakistan
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11
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Lesson 11: Poverty Measurement
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12
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Lesson 12: Indices Used in Poverty Measurement-I
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Week 05
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13
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Lesson 13: Indices Used in Poverty Measurement-II
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Assignment
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14
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Lesson 14: Errors in Poverty Measurement
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15
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Lesson 15: Inequality, Types and Social Dimensions of Inequality
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Week 06
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16
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Lesson 16: Inequality Measurement
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17
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Lesson 17: Comparison of Inequality Measures
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Quiz 02
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18
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Lesson 18: Gini Coefficient and Income Dynamics
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Mid-Term Exams Fall 2024
Week 07
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19
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Lesson 19: Poverty Profiles and Indicators
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20
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Lesson 20: Poverty Comparisons Over Time
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21
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Lesson 21: Poverty Profile of Pakistan
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Week 08
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22
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Lesson 22: Decomposition of Inequality for Pakistan and Causes of Poverty
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23
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Lesson 23: Determinants of Poverty
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24
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Lesson 24: Pro-poor Growth
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Week 09
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25
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Lesson 25: Poverty, Opportunities and Empowerment
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26
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Lesson 26: Deprivation of Capabilities and Poverty
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27
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Lesson 27: Design of Poverty Alleviation Strategy
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Week 10
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28
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Lesson 28: Global Comparison of Poverty Strategies
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29
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Lesson 29: Differences in Poverty Estimates
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30
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Lesson 30: Analysis of Poverty Over Time
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GDB
Week 11
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31
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Lesson 31: Advantages and Disadvantages of Panel Surveys
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32
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Lesson 32: Issues in Cross Section, Transient Poverty and its Types
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33
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Lesson 33: Crisis and Poverty
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Week 12
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34
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Lesson 34: Vulnerability and Poverty
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35
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Lesson 35: Measurement of Vulnerability
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Quiz 03
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36
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Lesson 36: Poverty Monitoring and Evaluation
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Week 13
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37
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Lesson 37: Poverty Evaluation Process
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38
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Lesson 38: Qualitative Methods for Evaluation of Poverty Projects
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39
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Lesson 39: Introduction of Regression in Poverty Analysis
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Week 14
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40
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Lesson 40: Problems in Regression Analysis in Poverty
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41
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Lesson 41: Types and Effects of Taxation on Poverty
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42
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Lesson 42: Impact of Tax on Inequality
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Week 15
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43
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Lesson 43: Using Survey Data: Some Cautionary Tales-I
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44
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Lesson 44: Using Survey Data: Some Cautionary Tales-II
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Final-Term Exam Fall 2024
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