TA Sessions continue as for Professor Cuba's half.

NOTE: The outline and syllabus is tentative. I may leave out or change material depending on time

I plan to have no midterm.

FINAL (for the second part): Thursday May 2 in class.

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

2016 second midterm exam

2018 Macro IIb 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 (updated April 2019)
The Impact of Interest Rates on Consumption
The CAPM Model
Efficient Markets
The Consumption CAPM
The Term Structure of Interest Rates
Notes on Obstfeld-Rogoff Chapter 5
Ostergaard, Sorensen, and Yosha, JPE 2002
Astrubali, Sorensen, and Yosha, QJE 1996
Note on Market Spanning