I will present the first results of a theoretical study aimed at analysing the near-to-mid infrared properties of giant stars, with particular attention focussed on the asymptotic giant branch (AGB) phase. On the base of calibrated synthetic TP-AGB stellar tracks, we perform population synthesis models to simulate photometry, surface chemistry, mass-loss rates, pulsation modes and periods of AGB stars. We take into account the effect of circumstellar dust during the mass-losing stages of the AGB evolution, so that simulations are also provided in the Spitzer and AKARI photometric systems. I will discuss a few comparisons with observations of the Magellanic Clouds and the globular cluster 47 Tuc.