Consumption and Savings
Über den Vortrag
Der Vortrag „Consumption and Savings“ von James DeNicco ist Bestandteil des Kurses „Principles of Macroeconomics (EN)“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- Definitions of Savings
- Savings Life Cycle
- Two Period Consumer Model
- The Model As a Graph
- Recap of Consumptions and Savings
Quiz zum Vortrag
Savings is defined as:
- Current income minues current consumption.
- The value of assets minus the value of liabilities.
- Increases in the value of an asset.
- Decreases in the value of an asset.
The theory of consumption smoothing states that:
- Consumers like smooth and balanced consumption levels over time.
- Consumers desire equal amounts of consumption in every period.
- Consumers want to save all their money until retirement.
- Consumers desire to have a stable path of consumption.
According to the "Two Period Consumer Model", the effect from an increase in current income is:
- C1 increases; C2 increases; Savings increase
- C1 decreases; C2 decreases; Savings decrease
- C1 increase; C2 increase; Savings decrease
- C1 decreases; C2 decreases, Savings increase
In the "Two Period Consumer Model", the Wealth Effect from a decrease in the interest rate for a net borrower is:
- C1 increases; C2 increases; Savings decrease
- C1 increases; C2 increases; Savings increase
- C1 decreases; C2 decreases; Savings decrease
- C1 decreases; C2 increases; Savings increase
Dozent des Vortrages Consumption and Savings
James DeNicco
Dr. DeNicco graduated from Drexel University in 2013. His primary field is Macroeconomics and his secondary field is Industrial Organization. His primary research interests are in Macroeconomics and applied Macroeconomics, especially the relationship between GDP growth and labor dynamics.
His focus is on jobless recovery, which explores the speed of recovery in unemployment rates post recession, controlling for GDP growth. He is currently an Assistant Professor at the University of Tampa, where he teaches both Macroeconomics and Microeconomics.
Dr. DeNicco also does work as a Research Associate for the Center for Labor Markets and Policy. In that role he has conducted extensive work with BLS and BEA data regarding estimation and forecasting techniques used by the Massachusetts Governor’s Office and the Rhode Island Department of Labor.
In addition, he collaborates on research identifying the determinants of successful transitions from high school to college and persistence in college, with the goal of identifying major transition barriers needing either program or policy intervention.
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