Syllabus

Lecture notes

Lecture slides

1. Adverse Selection

2. Signaling

3. Monopolistic Screening

4. Regulation

5. Hidden Action and Credit Rationing

6. Income Verifiability

7. Reputation

8. Career Concerns

9. Efficiency Wages

10. Tournaments

Problem sets

1. Adverse Selection and Signaling

2. Monopolistic Screening, Virtual Values, and Bunching

3. Credit Rationing, Intermediation, and Verification

4. Reputation, Career Concerns, and Measured Performance

5. Discipline, Bonds, and Rivalry

Lecture notes

Lecture slides

1. Intertemporal Choice and General Equilibrium

2. Dynamic Methods and Rational Expectations

3. Consumption and Asset Prices

4. Real and New Keynesian Business Cycles

5. Monetary and Fiscal Policy

6. Wage Setting and Efficiency Wages

7. Search and Matching

8. Investment

9. Financial Crises

10. Growth and Development

Final exam 2025 – correction

Lecture notes

Lecture slides

0. Notes on the Optimal Control

1. Learning by Doing and the Lab Equipment Model

2. Knowledge Spillovers and Scale Effects

3. Schumpeterian Growth

4. Directed Technological Change

5. Baseline OLG Model

6. Dynamic Inefficiency and the Perpetual Youth Model

7. Consumption and Self-Insurance

8. Consumption and Asset Pricing

9. The Equity Premium Puzzle

10. Ramsey Taxation

Lecture notes

Lecture slides

1. Growth and Natural Selection, part I

2. Growth and Natural Selection, part II

3. Sovereign Debt and Defaults, part I: Determination of the Borrowing Capacity

4. Sovereign Debt and Defaults, part II: Default Risk

5. Coordination in Macroeconomics, part I: Global Games

6. Coordination in Macroeconomics, part II: Currency Attacks

7. Coordination in Macroeconomics, part III: Crises and Information Aggregation

8. Models of Social Learning: Herding and Informational Cascades

9. Speculative Bubbles, part I: Sequences of Financial Trades

10. Speculative Bubbles, part II: Booms and Crashes

Lecture notes

Lecture slides

1. Growth and Cultural Transmission I: Patience and Entrepreneurship

2. Growth and Cultural Transmission II: Risk Tolerance and Paternalism

3. The Burdett–Mortensen Model

4. The Wage–Tenure Relation

5. Fiat Money in the Lagos–Wright Framework

6. The Optimum Quantity of Money

7. Sovereign Debt and Default: Incomplete Markets

8. Self-Fulfilling Debt Crises

9. Social Learning from Outcomes

10. Social Learning from Words