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Microeconomics of Household Behaviour
| Faculteit | Economie en Bedrijfskunde |
| Jaar | 2018/19 |
| Vakcode | EBM106A05 |
| Vaknaam | Microeconomics of Household Behaviour |
| Niveau(s) | master, uitwisseling |
| Voertaal | Engels |
| Periode | semester II a |
| ECTS | 5 |
| Rooster | rooster |
| Uitgebreide vaknaam | Microeconomics of Household Behaviour | ||||||||||||||||||||||||||||||||||||
| Leerdoelen | Upon completion of the course the student is able to: 1. construct relevant mathematical microeconomic models explaining e.g. consumption, saving and labor supply. 2. use those microeconomic models to analyze the effects of social security and pension reforms and of tax policy. 3. critically evaluate international journal articles about these topics. 4. communicate his/her views in writing. |
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| Omschrijving | The course will cover intertemporal models of consumption, saving and retirement decisions and review the empirical evidence on these issues. Particular attention will be paid to the question whether people save enough for retirement and to the saving behaviour of older people. Intertemporal choices will be analysed in the context of the life-cycle framework. However, deviations from economic rationality and the standard life-cycle model will also be evaluated. | ||||||||||||||||||||||||||||||||||||
| Uren per week | 4 | ||||||||||||||||||||||||||||||||||||
| Onderwijsvorm | gecombineerde hoor-/werkcolleges, zelfstudie | ||||||||||||||||||||||||||||||||||||
| Toetsvorm | opdracht(en), schriftelijk tentamen met open vragen | ||||||||||||||||||||||||||||||||||||
| Vaksoort | master | ||||||||||||||||||||||||||||||||||||
| Coördinator | prof. dr. R.J.M. Alessie | ||||||||||||||||||||||||||||||||||||
| Docent(en) | prof. dr. R.J.M. Alessie ,dr. M. Groneck | ||||||||||||||||||||||||||||||||||||
| Verplichte literatuur |
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| Entreevoorwaarden | The course also goes into the mathematical details of the models. Students should have a working knowledge of simple constrained optimization problems using the method of Lagrange multipliers. | ||||||||||||||||||||||||||||||||||||
| Opmerkingen | Coordinator: prof. dr. Rob Alessie, r.j.m.alessie@rug.nl, room 541.0727. Secretary: Kimberly Vudinh, k.m.vudinh@rug.nl room 5411.0734 |
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