Microeconomics of Household Behaviour

Faculteit Economie en Bedrijfskunde
Jaar 2021/22
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.
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 -interactief hoorcollege
Toetsvorm -groepsopdracht,  -schriftelijk tentamen (open vragen)
Vaksoort master
Coördinator dr. M. Groneck
Docent(en) prof. dr. R.J.M. Alessie ,dr. M. Groneck
Verplichte literatuur
Titel Auteur ISBN Prijs
Scientific articles Various
Entreevoorwaarden The course also goes into the mathematical details of the models. Students should have a working knowledge of
a) simple constrained optimization problems using the method of Lagrange multipliers.
b) Household optimization (Microeconomics)
c) working knowledge of econometrics (OLS, IV)
Opmerkingen Coordinator: dr. Max Groneck, m.groneck@rug.nl, room 541.0721. Secretary: Kimberly Vudinh, k.m.vudinh@rug.nl room 5411.0734
Opgenomen in
Opleiding Jaar Periode Type
Courses Exchange (MSc)  ( Courses Exchange Students (MSc) without limited access) 1 semester II a keuze
DD MSc Economics - Universidad de Chile, Santiago (1,5-jarig)  (keuzevakken voor studenten uit Chili) 2 semester II a keuze
MSc BA - Health  (keuzevakken B MSc BA Health) 1 semester II a keuze
MSc Economics  (keuzevakken A MSc Economics) 1 semester II a keuze
MSc Finance  (keuzevakken B MSc Finance) 1 semester II a keuze