Economics 7344 
Macroeconomic Theory IIb
Spring 2018


 



Syllabus

 

TA is Hamza Zahid.

 

TA Sessions continue as for Professor Cubas’ half.  

 

NOTE: The outline and syllabus is tentative because the set-up is new. I may leave out material, if time is too tight.

Midterm: Based on student feedback, we will have no midterm.

FINAL (for the second part): Monday April 30 in class.

The material in my 2016 midterm 2 and final will be covered.

2016 second midterm exam

2016 final

Notes (I may not get to all of them):

  Short Introduction to Time Series
   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

 Efficient Markets

 The Consumption CAPM

 The Term Structure of Interest Rates (updated)

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

  Ostergaard, Sorensen, Yosha, JPE 2002

Astrubali, Sorensen, Yosha, QJE 1996

Note on Market Spanning

 

 



Homework

Assignment                      Due 

HW #1 

Homework 1                   Wed 3/21

HW #2

Homework 2                   Wed 3/28

HW #3

Homework 3                  Wed 4/4

 

             

 

HW #4

Homework 4                  Wed 4/11

HW #5

Homework 5                  Wed 4/18

HW #6

Homework 6                  Wed 4/25