Economics 7344 
Macroeconomic Theory II
Spring 2012




TA is Wen Long. His office hours are Thursday 1-3pm, 203A.


TA Session will be Friday 1pm-3pm in Rm 212. Starting Friday January 27th.


Midterm 1: Monday March 5.  

Midterm 2: Monday April 2.

FINAL date is Friday April 27, 11am-1pm in 212.

Last year’s first midterm exam

Last year’s second midterm exam

Last year’s final


  Short Introduction to Time Series (updated some 1/24, 2012)

  Note on IS-LM
   Permanent Income and Measurement Error in Consumption Functions

  The general Euler Equation and Hall's version of the PIH

  Excess Sensitivity, Rule-of-Thumb Consumers and IV estimation

  The Impact of Income "Shocks" on Consumption and ``Excess Smoothness' of      Consumption"

  The Impact of Interest Rates on Consumption

 The CAPM Model (typo on top of page 4 fixed)

 Efficient Markets

 The Consumption CAPM

  Notes on Obstfeld-Rogoff Chapter 5  (last version: April 28, 2011)

  Ostergaard, Sorensen, Yosha, JPE 2002


Assignment                      Due 

HW #1 

 pdf                                  Monday 1/30

HW #2

 pdf                                  Monday 2/6

HW #3

 pdf                                 Monday 2/13

HW #4                                            pdf                                Monday 2/20



HW #5

  pdf                                Monday 2/27

HW #6

  pdf                                Monday 3/19

HW #7

  pdf                                Monday 3/26

HW #8

  pdf                                not to be graded

HW #9

  pdf                                Monday 4/9

HW #10

  pdf                                Monday 4/16

HW #11

  pdf                                Monday 4/23(corrected 4/18)