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Around the Department

The department of economics will be hosting a showing of "It's a Wonderful Life", Dec.24th, 8:30pm. This probably says something, though I'm afraid of drawing conclusions.

It's really fun to watch the letters come in for the job market candidates this year. I don't think we have any bona fide stars on the market, but I obviously am not equipped to evaluate candidates based on their job market papers - I can only look at publications, which none of our people have. Too early to daydream, of course, but it's nice to root for someone, given the conflict inherent in supporting others in the class.

Now that I've pretty much finished the courses, let me write up the first term curricula:

SLP: Stokey-Lucas-Prescott, Recursive Methods in Economic Dynamics

MWG: Mas-Collel-Whinston-Green, Microeconomic Theory

Math camp: Two weeks, covering the first seven chapters of Baby Rudin and a brief review of linear algebra. Proof of Brouwer's fixed point theorem via Sperner's Lemma.

Math for economists: All of Sundaram's book (which I really like), Ch.23-25 from Simon and Blume on differential/difference equations, Ch.7 from SLP on measure and integration and some stuff on probability from notes.

Micro (or as we call it, Modern Price Theory): Lecture notes the prof forked from his Stanford professor; six units: Choice, Producer Theory, Theory of the Firm, Consumer Theory, Choice and Uncertainty, General Equilibrium. MWG as a reference, also Kreps, but we're not following either closely at all, e.g. we had two-three classes on monotone comparative statics.

Math Stats/Econometrics: Ch 1-9 of Amemiya's Introduction to Statistics and Econometrics, also econometrics as covered in Wooldridge Ch. 4-9, i.e. the linear model and basic challenges when using it. Amemiya's advanced text as a supplement.

Macro: SLP as primary reference, roughly Ch.2-5 (thoroughly), 8-11, 15-16 (as needed). Units: Dynamic programming, equilibrium in the growth model and the welfare theorems (Arrow-Debreu), market structures and uncertainty (sequential markets, recursive competitive equilibrium, asset pricing), heterogeneous agent models, overlapping generations models.

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