Everyone is welcome to browse and use my materials as long as you mention the source and do not develop them commercially. Much of this notes are built on the hard work of my teachers and colleagues. All remaining errors are mine. Special thanks to Andrea Caggese for sharing his material that is the basis for these notes.
Lecture Notes
Lecture 0 Syllabus
Lecture 1 Stochastic Dynamic Programming
Lecture 2 Investment: Frictionless and Convex Adjustment Costs
Lecture 3 Investment with Non-Convex Adjustment Costs
Lecture 4 Numerical Dynamic Programming
Lecture 5 Consumption and Permanent Income Hypothesis
Lecture 6 Precautionary Savings: Prudence and Borrowing Constraints
Lecture 7 Non-Separable Preferences: Habits, Durables, and Hyperbolic Discounting
Lecture 8 Asset Pricing and Equity Premium Puzzle
Lecture 1 Stochastic Dynamic Programming
Lecture 2 Investment: Frictionless and Convex Adjustment Costs
Lecture 3 Investment with Non-Convex Adjustment Costs
Lecture 4 Numerical Dynamic Programming
Lecture 5 Consumption and Permanent Income Hypothesis
Lecture 6 Precautionary Savings: Prudence and Borrowing Constraints
Lecture 7 Non-Separable Preferences: Habits, Durables, and Hyperbolic Discounting
Lecture 8 Asset Pricing and Equity Premium Puzzle
Problem Sets
Problem Set 1 Time to Build, Persistence and Volatility, Tobin's q, and Entrepreneurial Risk
Problem Set 2 Pricing with Menu Costs and Cake Eating
Problem Set 3 Consumption Responses to Income Shocks, Identification through Panel Data
Problem Set 4 Prudence, Habits, and Stochastic Growth
Problem Set 5 Durables and Solving the Equity Premium Puzzle
Problem Set 2 Pricing with Menu Costs and Cake Eating
Problem Set 3 Consumption Responses to Income Shocks, Identification through Panel Data
Problem Set 4 Prudence, Habits, and Stochastic Growth
Problem Set 5 Durables and Solving the Equity Premium Puzzle
