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Good Economics for Hard Times

Learn how applied economics uses data to tackle some of society’s toughest challenges through case studies from the United States and other high income countries.

Good Economics for Hard Times

Learn how applied economics uses data to tackle some of society’s toughest challenges through case studies from the United States and other high income countries.

Why are some countries poor, and some countries rich? Should the United States trade more or less with China? Should the United States have a universal basic income? What can we do to mitigate climate change? Why does racism persist and how can we fight it?

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Economics shows you how to think about some of the toughest problems facing society – and how to use data to find solutions. In this course, taught by Nobel-prize winning MIT professors Abhijit Banerjee and Eshter Duflo and based on their book Good Economics for Hard Times, we will examine cutting-edge research to answer pressing public policy questions. The course is designed to be accessible for many audiences, and provides a broad survey of applied economics literature.

For those who have not taken introductory economics courses that teach analytical tools and models, this course provides an accessible and intuitive introduction to how economic analysis is applied to current issues, and what those analyses find.

For those who have studied the core abstract tools, concepts, and methods common in economics, this course provides a strong motivation for these concepts and allows learners to see how core tools are applied by current economic researchers.

The course is free to audit. Learners can take a proctored exam and earn a course certificate by paying a fee, which varies by ability to pay. Please see our FAQ articles for more information on the certificate and audit track features as well as more information on the pricing structure. Enroll in this course by selecting the "enroll now" button at the top of the page.

This course can be completed by itself or as part of the MITx MicroMasters program in Data, Economics, and Design of Policy (DEDP), which provides a path toward the master’s in DEDP at MIT.

What you'll learn

The course will investigate the following topics:

  • Migration
  • Trade
  • Preferences (likes, wants, and needs)
  • Economic growth
  • Climate change
  • Inequality
  • Government
  • Social policy

Access the full syllabus here.

Prerequisites

Course Readiness Check:

This is an introductory course that does not require a readiness check.

Meet your instructors

  • Featured image for Esther Duflo
    Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics
  • Featured image for Abhijit Vinayak Banerjee
    Ford Foundation International Professor of Economics

Who can take this course?

Because of U.S. Office of Foreign Assets Control (OFAC) restrictions and other U.S. federal regulations, learners residing in one or more of the following countries or regions will not be able to register for this course: Iran, Cuba, Syria, North Korea and the Crimea, Donetsk People's Republic and Luhansk People's Republic regions of Ukraine.