14.771 Development Economics (Fall 2021, MIT OCW). Instructors: Prof. Esther Duflo and Prof. Benjamin Olken. This course is aimed at Ph.D. students in economics. It provides a rigorous introduction to core microeconomic issues in economic development, focusing on both key theoretical contributions and empirical applications to understand both why some countries are poor and on how markets function differently in poor economies. Topics include human capital (education and health); labor markets; credit markets; land markets; firms; and the role of the public sector.
(from ocw.mit.edu)
Lecture 24 - Credit, Part 1
Instructor: Prof. Benjamin Olken. Presents stylized facts about credit markets in developing countries, introduces simple models of moral hazard and adverse selection to illustrate how frictions might occur, and discusses Karlan and Zinman (2009).