Inclusive Finance

Faculteit Economie en Bedrijfskunde
Jaar 2020/21
Vakcode EBM069B05
Vaknaam Inclusive Finance
Niveau(s) master, uitwisseling
Voertaal Engels
Periode semester II b
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Uitgebreide vaknaam Inclusive Finance
Leerdoelen Upon completion of the course the student is able to:
1. demonstrate ability to summarize current theories on the economics of microfinance, finance and development, inequality and financial inclusion.
2. apply analytical tools to deal with microfinance and financial inclusion issues in developing countries.
3. evaluate current debates on the importance of financial inclusion in the process of economic development.
Omschrijving The course is designed for MSc students with a background in (business) economics. The focus is on the role of financial markets in low-income countries with a strong focus on microfinance and financial inclusion. In this course, we will study why financial markets in low income countries fail to provide access to financial services for the poor, which mechanisms allow to provide these services, and which alternative methods are used by the poor to manage their cash flows, finance investments, and cope with income risks. Both theories on financial development and the economics of microfinance as well as empirical applications in low-income countries will be studied in this course. We look at opportunities and limitations of financial institutions in low-income countries in general, and of microfinance institutions in particular. Specific topics include: finance and development; credit market failures; the economics of microfinance; techniques to measure impact of financial interventions on borrower welfare. The course contains main lectures, guest lectures and group oral presentations by students. The course is part of the focus area on finance and development together with the course 'International Finance and Development'.
Uren per week 6
Onderwijsvorm -gastcollege ,  -hoorcollege ,  -werkcollege
(and guest lectures)
Toetsvorm -groepspresentatie,  -schriftelijk tentamen (open en mc vragen)
Vaksoort master
Coördinator dr. K. Czura
Docent(en) dr. K. Czura , Guest Lecturer(s) ,dr. A.M. Mueller
Verplichte literatuur
Titel Auteur ISBN Prijs
List of academic papers Various
The Economics of Microfinance, 2nd edition, MIT Press Ltd, 2010 Armend√°riz, Beatriz, Jonathan Morduch 9780262513982 ca. €  33,00
Entreevoorwaarden The course is open for all students with a Bsc in business or economics.
Opmerkingen The course can be followed as an elective for the different master programmes within the Faculty of Economics and Business and is open for a max of 8 Exchange Students.
The course is part of the focus area on finance and development together with the course International Finance and Development (EBM207A05).
Secretary: Grietje Pol, phone +31 (0)50 3633685, e-mail:, room 5411.0836
Opgenomen in
Opleiding Jaar Periode Type
Courses Exchange (MSc): semester 1.1 and 1.2 not open (due to corona measures)  (Courses Exchange Students (MSc) with limited access (sem 1.1 & 1.2 not open)) 1 semester II b keuze
DD MSc ED&G - Lund University, Lund (2-jarig)  (basisprogramma DD MSc ED&G - Lund University, Lund (2-jarig)) 1 semester II b keuzegroep
DD MSc Economics - Universidad de Chile, Santiago (1,5-jarig)  (keuzevakken voor studenten uit Chili) 2 semester II b keuze
DD MSc Finance - Lund University, Lund (1,5-jarig)  (basisprogramma voor studenten van FEB) 1 semester II b keuzegroep
MSc Economic Development & Globalization / ED&G  (keuzevak(ken) B MSc ED&G) 1 semester II b keuze
MSc Economics  (keuzevakken B MSc Economics) 1 semester II b keuze
MSc Finance  (keuzevakken A MSc Finance) 1 semester II b keuze
MSc International Business & Management/IB&M  (keuzevakken B MSc IB&M) 1 semester II b keuze
MSc International Financial Management/IFM  (keuzevakken MSc IFM) 1 semester II b keuze
Msc Philosophy, Politics and Economics 1 semester II b keuze