Retirement Saving and Spending over the Lifecycle - ECON3117
Faculty: UNSW Business School
School: School of Economics
Course Outline: ECON3117 Course Outline
Campus: Sydney
Career: Undergraduate
Units of Credit: 6
EFTSL: 0.12500 (more info)
Indicative Contact Hours per Week: 3
Enrolment Requirements:
Pre-req : ECON2101 OR ACTL2001
Equivalent: ACTL3192, ACTL5306, ECON5136
Excluded: ACTL3192
CSS Contribution Charge: 3 (more info)
Tuition Fee: See Tuition Fee Schedule
Further Information: See Class Timetable
View course information for previous years.
Description
Topics covered include: a taxonomy of the lifecycle; lifecycle theories of consumption and saving; human capital and the retirement decision; risks facing individual retirees and providers of retirement income products; market failure in the retirement benefit market; and behavioural explanations for non-rational behaviour including myopia, procrastination, complexity, and framing etc.