This elective course in economics is designed to have a clear understanding of the rise of microfinance and the debates underpinning microfinance with special focus on the role of microfinance in alleviating poverty. The course also covers the financial structure of a developing country, the failures of formal finance, and the successes of microfinance in poverty alleviation. It also includes the theories of informal credit markets, poverty and its dimension in Bangladesh, poverty and inequality, absolute and relative poverty, different approaches to estimating poverty line: the methodological debates with special reference to Bangladesh, the roles of different government policies in poverty alleviation, rural poverty and rural women, financial system approach and poverty lending approach to microfinance, experience of microfinance in Bangladesh and other regions of the world, the history and role of microfinance institutions at various levels. Various ways in which the poor manage their money, tools for doing market research in microfinance, the elements of successful microfinance: dynamics of growth, deep outreach to the poor and financial sustainability of the lending institutions constitute an integral part of the course
- Beatriz Armendáriz , The Economics of Microfinance
- Douglas R. Snow, Microcredit and Development Policy
- Muhammad Yunus, Banker to the Poor: Micro-Lending and the Battle Against World Poverty
- Farooque Chowdhury (ed)., MICRO CREDIT - Myth Manufactured Unveiling appropriation of surplus value and an Icon, Sharabon Prakashoni, 2008.
- Khandker Shahidur R, Fighting Poverty With Microcredit, Oxford University Press, 1998.
- Thomas Fisher and M.S. Sriram, Beyond Microcredit: Putting Development Back into Microfinance, Oxfam Publishing, 2002