1 option
Consumption, Saving, and the Intertemporal Budget Constraint.
- Format:
- Video
- Series:
- Macroeconomics for a Sustainable Planet
- Language:
- English
- Subjects (All):
- Economics.
- Economic empowerment.
- Financial investments.
- Capital.
- Economic conditions.
- Income.
- Local Subjects:
- Economics.
- Economic empowerment.
- Financial investments.
- Capital.
- Economic conditions.
- Income.
- Genre:
- Lecture/presentation
- Physical Description:
- 1 online resource (20 minutes)
- Place of Publication:
- New York, NY : SDG Academy, 2017.
- Language Note:
- In English.
- Original language in English.
- System Details:
- video file
- Summary:
- This video focuses on saving and investment, which are the main drivers of capital accumulation. By building up the stock of capital, the economy becomes more productive in the future. Consumption is driven by households’ budgets, and consumption and savings choices exist in an intertemporal framework, concerning the present and the future. Prof. Sachs also discusses consumption smoothing, dissaving, permanent income, household expenditure and the management of a family economy, and uses graphs to explain current vs future income. He also explains disposable income, the consumption possibility line, intertemporal budget constraints, permanent disposable income and covers the permanent income consumption theory.
- Notes:
- Title from resource description page (viewed June 24, 2026).
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