Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, and a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. The first economist who had invented the idea of micro loans was Jonathan Swift in the 1720’s. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in Bangladesh in 1983. Many traditional banks subsequently introduced microcredit despite initial misgivings. The United Nations declared 2005 the International Year of Microcredit. As of 2012, microcredit is widely used in developing countries and is presented as having "enormous potential as a tool for poverty alleviation." Microcredit is a tool that can possibly be helpful to reduce feminization of poverty in developing countries.
Robert Merton Solow, GCIH was an American economist and Nobel laureate whose work on the theory of economic growth culminated in the exogenous growth model named after him.
Field experiments are experiments carried out outside of laboratory settings.
Computational economics is an interdisciplinary research discipline that combines methods in computational science and economics to solve complex economic problems. This subject encompasses computational modeling of economic systems. Some of these areas are unique, while others established areas of economics by allowing robust data analytics and solutions of problems that would be arduous to research without computers and associated numerical methods.
A Bachelor of Economics is an academic degree awarded to students who have completed undergraduate studies in economics. Specialized economics degrees are also offered as a "tagged" BA (Econ), BS (Econ) / BSc (Econ), BCom (Econ), and BSocSc (Econ), or variants such as the "Bachelor of Economic Science".
Evsey David Domar was a Russian-American economist, famous as developer of the Harrod–Domar model.
Sir Timothy John Besley, is a British academic economist who is the School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at the London School of Economics (LSE).
Esther Duflo, FBA is a French–American economist currently serving as the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT). In 2019, she was jointly awarded the Nobel Memorial Prize in Economic Sciences alongside Abhijit Banerjee and Michael Kremer "for their experimental approach to alleviating global poverty".
David Hibbard Romer is an American economist, the Herman Royer Professor of Political Economy at the University of California, Berkeley, and the author of a standard textbook in graduate macroeconomics as well as many influential economic papers, particularly in the area of New Keynesian economics. He is also the husband and close collaborator of Council of Economic Advisers former Chairwoman Christina Romer.
The Abdul Latif Jameel Poverty Action Lab (J-PAL) is a global research center based at the Massachusetts Institute of Technology aimed to reducing poverty by ensuring that policy is informed by rigorous, scientific evidence. J-PAL funds, provides technical support to, and disseminates the results of randomized controlled trials evaluating the efficacy of social interventions in health, education, agriculture, and a range of other fields. As of 2020, the J-PAL network consisted of 500 researchers and 400 staff, and the organization's programs had impacted over 400 million people globally. The organization has regional offices in seven countries around the world, and is headquartered near the Massachusetts Institute of Technology in Cambridge, Massachusetts.
Rachel Glennerster is a British economist. She is an Associate Professor of Economics at the University of Chicago. She has been announced as the new president for the Center for Global Development, starting in September 2024.
Jeffrey E. Harris, is an economist and physician who has been on the faculty of the Economics Department of the Massachusetts Institute of Technology since 1977. He received an AB from Harvard University, as well as an MD (1974) and a PhD in Economics (1975) from the University of Pennsylvania. Having trained in internal medicine at the Massachusetts General Hospital (1974-1977), he maintained a medical practice at that institution until 2006. Since then, he has continued to practice as an internist at federally sponsored community health centers in Rhode Island, where the majority of his patients have poverty-level incomes and are not fluent in English.
JASP is a free and open-source program for statistical analysis supported by the University of Amsterdam. It is designed to be easy to use, and familiar to users of SPSS. It offers standard analysis procedures in both their classical and Bayesian form. JASP generally produces APA style results tables and plots to ease publication. It promotes open science via integration with the Open Science Framework and reproducibility by integrating the analysis settings into the results. The development of JASP is financially supported by several universities and research funds. As the JASP GUI is developed in C++ using Qt framework, some of the team left to make a notable fork which is Jamovi which has its GUI developed in JavaScript and HTML5.
The following outline is provided as an overview of and topical guide to machine learning:
Tamara Ann Broderick is an American computer scientist at the Massachusetts Institute of Technology. She works on machine learning and Bayesian inference.
Eva Love Vivalt is a Canadian economist. She is currently an Assistant Professor of Economics at the University of Toronto and the director of the Global Priorities Institute at the University of Oxford.
Emily Louise Breza is an American development economist currently serving as the Frederic E. Abbe Professor of Economics at Harvard University. She is a board member at the Abdul Latif Jameel Poverty Action Lab, and an affiliated researcher at the International Growth Centre and National Bureau of Economic Research. Breza's primary research interests are in development economics, in particular the interplay between social networks and household finance. She is the recipient of a Sloan Research Fellowship.
Ilan Strauss,, is an economist best known for his work on digital platforms and market power, focusing on the role of algorithms in mediating information quality. He is senior research associate at University College London, Institute for Innovation and Public Purpose, where he leads their digital economy research team, sponsored by the Omidyar Network. He is a visiting associate professor at the University of Johannesburg. He previously taught macroeconomics at New York University and at Rice University's online MBA.
