**Professor:
**Noah Williams

Office: 7434 Sewell Social Science,
e-mail: nmwilliams@wisc.edu

Office hours: 2:30-3:30 Thursday, or by
appointment.

Lectures: Monday and Wednesday from 11:00-12:15, Birge B302

TA: Anson Zhou, email: anson.zhou@wisc.edu

Syllabus

Lecture 2: Dynamics, completeness, asset pricing

Lecture 3: Asset pricing and the equity premium puzzle || Related reading: Cochrane (2016) recent survey of macro finance asset pricing models

Lecture 4: Equity premium, complete markets

Lecture 5: Complete and incomplete markets

Lecture 6: Search equilibrium

Lecture 7: More on search

Lecture 8: Fiscal policy in the growth model

Lecture 9: Optimal fiscal policy

Lecture 10: Optimal taxation with private information (longer overview slides), Static Mirrlees model (from Bolton and Dewatripont, 2005).

Lecture 11: Money in a neoclassical framework

Lecture 12: Search theoretic models of money

Lecture 13: The New Keynesian model

Problem Set 1 Due in
class on 2/14 (updated)

Problem Set 2 Due in
class on 2/28

Problem Set 3 Due in
class on 3/7.

Midterm (Final for this part) Exam in class on March 12.