Jinan University

The course outline is attached.

Lecture Plan

    1. July 16: Overview

      • introduction of dynamic programming

        • asset pricing

        • cake eating

      • read: dp_intro_jan2016.pdf

    2. July 18: Household Finance

      • nondurable

        • consumption, saving and portfolio choice

        • GMM estimation

        • labor supply

        • read: conpre_2016_february.pdf

      • durables

        • Euler equations

        • car replacement

        • read: durs_pre.pdf

    3. July 19: Dynamic Factor Capital Demand

      • capital

        • Q theory

        • lumpy investment

        • aggregate implications

        • read: inv_lect_2016.pdf, cooper-ejarque (RED, 2003), cooper-halitwanger (RES, 2006)

      • labor

        • chinese plants

        • read: cooper-gong-yan (RJE_2015, coopgongyan)