Economics of Aging: Microeconomics(individual) and Macroeconomic(global) Challenges. 3 credits, 5 contact hours

Catalog description

Corequisites: MIT 360. Restrictions: Senior Standing. Microeconomics is the science of how people make decisions at the small scale. Macroeconomics looks at how the economy works as a whole ("on aggregate") This course will investigate the challenges an aging individual face dealing with fixed incomes in an environment of exploding health and housing costs and the larger effects on population aging on the global economy. Economic and political stresses on governments necessitated by demographics where fewer workers are paying for a growing older population. The impacts of technology and longer life spans will necessitate professionals to create new and innovative solutions. Included are computer simulations focused on modelling these economic forces.