Our Pathway to Retirement
a Discovery Core Experience
BCORE 107 (Social Sciences)
What Are We Studying?
The purpose of this course is to introduce you to an analytical study of the economic
decisions everybody takes during their life time, such as:
- Consumption today vs saving for tomorrow
- Working today vs enjoying leisure time
- Participating in the labor market vs retirement
After analyzing these decisions, different periods of the life cycle will be discussed: youth period, working middle age years, and elderly retirement years. Once these topics are covered, the course will move on to investigating different social security system employed across the globe to provide protection to retirees, including but not limited to fully funded and pay as you go systems. Further, private protection schemes such as individual retirement accounts (ex: traditional vs Roth type IRAs) will be discussed.
We’ll conclude by discussing the challenges facing both individuals and social security systems resulting from different kinds of demographic change, such as declining fertility and mortality rates, and compression of morbidity.
What Will I Leave the Course Knowing?
After taking this course, you will be more aware of the decisions you will have to take in your lifetime until your retirement years and be able to analyze how the decisions made by policy makers (such as an increase in the replacement ratio of the social security system) will affect your life.
Dr. Ibrahim Demir (he/him/his)
School of Business
Education
- University of Washington, Seattle, Washington PhD, Economics, March 2021 Master of Arts, Economics, 2014
- Bogazici University, Istanbul, Turkey Master of Arts, Economics, 2012 Bachelor of Science, Civil Engineering, 2009
Biography
Dr. Demir has taught in the UWB School of Business for the last several years in such courses as “Introductory Microeconomics” and “Managerial Economics.” Prior to his work at UWB, Dr. Demir taught in the UW Economics Department, the UW Foster School of Business, and the UW Applied Mathematics Department (teaching such courses as “Macroeconomics,” “Microeconomics,” and “Statistical Methods”). At Seattle Central University he taught “Economic and Political Systems: Implications for Public Service.” He is the winner of the Langton Teaching Award in 2014-2015 and 2015-2016 academic years, which is awarded annually by the UW Economics Department for outstanding teaching. He can speak English (îuent), German (intermediate), and Turkish (native)
Contact
Email: idemir@uw.edu