PPT-The Non-Income Determinants of Consumption and Saving

Plus An Introduction to Investment and the Interest Rate Relationship The NonDI Determinants of Consumption and Savings Wealth The value of real assets houses land and financial assets. Chris Barrett and Teevrat Garg, Cornell University. Sept. . 4, 2014, Harvard University Center for the Environment. Outline. Adapt . an existing . model . that couples exogenous climate drivers, wildlife . Risk and Choice Conference in Honor of Louis . Eeckhoudt. The 5. th. and 6. th. derivatives. Whenever I see Larry Summers, he asks me “How is the 6. th. derivative doing?” or sometimes “How is the 5. Week#7. Fall 2014. Economics . 10/13/14 . http://. mrmilewski.com. OBJECTIVE. : . Demonstrate mastery of Chapters#23,24, & 26. . . AP Macro-I.E. Language objective. : . Write about the . It expresses the relationship between total consumption expenditure and national income. C= f(Y). Keynes uses the term propensity to consume for consumption function.. Kurihara. . says, “ . Consumption represents the amount of consumption expenditure at a given level of income whereas the propensity to consume C/Y is a schedule of consumption expenditure at various levels of income.”. AD = . C. + I + G + X – M. Consumption. What determines the level of consumption, or whether consumption should rise or fall?. In pairs, discuss the influence on the card you have been given. You will need to prepare a presentation to the rest of the class. . Chapter . 3 . of . Macroeconomics. , . 8. th. . edition, by N. Gregory . Mankiw. ECO62. . Udayan. . Roy. Chapter Outline. In chapter 2, we saw that . Y. = . C. + . I. + . G. + . NX. In this chapter, we will see . of Health. Social Determinants. The social determinants of health are those factors which are outside of the individual; they are beyond genetic endowment and beyond individual behaviors. They are the context in which individual behaviors arise and in which individual behaviors convey risk. The social determinants of health include . Function (CF). Greater part of Chapter 8 . & . 9 of the General Theory are devoted to factors which . underlie CF and determined . its form i.e. slope and position of the . curve. . One section . Objectives: . Define the term consumption, saving and . investment. . Explain the absolute income hypothesis, recognising the relationship between consumption and saving.. Define the term marginal / average propensity to consume (and save). . Review of Economic Studies (1989) 56, 357-374 0034-6527/89/00240357$02.00 ? 1989 The Review of Economic Studies Limited Why is So Smooth? JOHN CAMPBELL and ANGUS DEATON Prince By S Khan . PGT ( Economics). K V Aligarh. Steps:-. 1- . Estiumation. of Value of out . put:- . . Value of out put = . Sales . + . change in stock.. 2-Estimatimg the value of intermediate . consumption-. C= f(Y). Keynes uses the term propensity to consume for consumption function.. Kurihara. . says, “ . Consumption represents the amount of consumption expenditure at a given level of income whereas the propensity to consume C/Y is a schedule of consumption expenditure at various levels of income.”.  . Source of Income. •Salary/ wage (employee/ worker). •Sales/ profit (entrepreneur/ seller). •Dividend (investor). •Interest rate (depositors). •Rent (room/ house). •Pension fund (retirement). Aditi. . A. rora. Assistant Professor. Consumption. In . macro economics, the total spending by all individuals, firms, institutions, etc. on consumer goods and services is called consumption. . Strictly .