**Syllabus**

**Lecture 1: **Overview, Hamiltonians and Phase Diagrams

**Lecture 2: **New Keynesian Model in Continuous Time

**Lecture 3: **Werning (2012) “Managing a Liquidity Trap”

**Lecture 4: **Hamilton-Jacobi-Bellman Equations, Stochastic Differential Equations

**Lecture 5: **Stochastic HJB Equations, Kolmogorov Forward Equations

**Lecture 6: **Income and Wealth Distribution

Supplement: Why Piketty Says r-g Matters for Inequality

**Lecture 7: **Stopping Time Problems, Firm Size Distribution

**Lecture 8: **Gabaix (2011) “Granular Origins”, More on Heterogeneous Firms

**Lecture 9: **Lucas and Moll (2012), “Knowledge Growth and the Allocation of Time”, More on Endogenous Growth

**Lecture 10: **Alvarez and Shimer (2011), “Search and Rest Unemployment”