### Econ 712 Ph.D. Macroeconomic Theory I (Fall 2018)

### Handouts

**Dean's part**

1. Sep.07 Difference equations Handout, Solution and Notes

2. Sep.14 Nonlinear difference equations Handout and Solution

3. Sep.21 Competitive equilibrium and offer curve Handout and Solution

4. Sep.28 OLG and offer curve Handout and Solution

5. Oct.05 Within-generation heterogeneity Handout and Solution

6. Oct.12 Recursive methods and Ricardian Equivalence Handout, Solution and Codes

7. Oct.19 OLG application: Social Security Handout

8. Oct.26 Private information Handout

**Rasmus' part**

9. Nov.02 Guess-and-verify, and Midterm Handout and Solution

10. Nov.09 Value function example Handout and Solution

11. Nov.16 Numerical value function iteration Handout (PS1) and Code

12. Nov.30 Finding stationary distribution; paper-and-pen exercise Handout and Solution

13. Dec.07 Practice questions, discrete and continuous time Handout and Solution

### Problem Sets

**Dean's part**

1. Due Sep.12 Problem Set 1, Example Code, and Solution

2. Due Sep.19 Problem Set 2, Example Codes, and Solution

3. Due Sep.26 Problem Set 3, and Solution

4. Due Oct.03 Problem Set 4, and Solution

5. Due Oct.10 Problem Set 5, and Solution

6. Due Oct.19 Problem Set 6, and Solution

7. Due Oct.26 Problem Set 7, Example Code, Solution, and Solution Code

**Rasmus' part**

1. Due Nov.21 Problem Set 1, and Code

2. Due Dec.07 Problem Set 2, and Solution Code

### Lecture Notes

**Dean's part : **posted on Dean's personal webpage

**Rasmus' part**

1. Syllabus

7. Equilibrium search models (lecture slides)

8. On-the-job search and some algebra steps

9. Firm dynamics - Hopenhayn model

10. Firm innovation - Kletten and Kortum model

**Rasmus's part additional materials**

1. 2017 Fall final exam, and solution

2. **(Optional)** Equilibrium search models (handout from 2018 spring)

3. Practice final by Rasmus

### Supplementary Materials

Summary notes of the macro sequence by Anson

Summary notes of the micro sequence by Anson

### Administrative Information

Instructors: Dean Corbae and Rasmus Lentz

Lectures: Monday and Wednesday 13:00-14:15, Sewell Social Science 5106

Professor office hours: Dean - Tuesday 14:30-15:30, Sewell Social Science 7438, Rasmus - by appointment

TA office hours: Anson - Tuesday 9:30-10:30, Jason - Tuesday 13:30-14:45. Both at Sewell Social Science 7218

**Discussion sessions (Friday)**

07:45-08:35, Sewell Social Sciences 4314

08:50-09:40, Sewell Social Sciences 4314

14:25-15:15, Sewell Social Sciences 4314

15:30-16:20, Sewell Social Sciences 4314

**Previous TAs**

**Other Resources**