芝加哥大学经济系的宏观类课程设置：
在芝大经济系，微观经济学系列课程被称为价格理论系列，宏观经济学系列课程则称为收入理论系列及资本理论专题系列。
33000 THE THEORY OF INCOME I (Alvarez)
This course studies income and macroeconomics by embedding firms, households, and financial institutions into the standard general equilibrium model. The course thus studies Pareto optima, Walrasian equilibrium, and the core in economies with separation in space, uncertainty, and/or multiple time periods and incorporates private information, incomplete markets, and other impediments to trade. Various phenomena and applications are stressed: private monies and the potential role of the monetary authority; the evaluation of local, regional, and national level financial systems in their ability to reallocate risk; the determinants of economics growth; growth with increasing inequality and financial deepening; occupation choice under wealth constraints and its impact on growth and inequality; the existence of networks such as industrial conglomerates in economies with moral hazard; optimal fiscal policy; and the role of social security. Examples are drawn from Asia, Latin America, Europe, and Africa and well as the U.S.
33100 THE THEORY OF INCOME II (Mulligan)
The course shares with the other two Theory of Income courses the objectives of (1) explaining human behavior as evidenced by aggregate variables and (2) predicting the aggregate effects of certain government policies. The focus of this course is to assess the empirical success of prevailing theories. Some hypotheses to be considered are consumption smoothing, intertemporal substitution, Ricardian Equivalence, and the q-theory. The course confronts several empirical issues that are also encountered outside the field of macroeconomics, such as: constructing aggregate data, quantifying public policy, choosing a data set, measuring expectations, and empirically evaluating equilibrium models of public-private sector interactions.
33200 THE THEORY OF INCOME III (Stokey)
This course will focus on various macroeconomic policy questions. Among the substantive issues to be covered are labor market search, aggregate models with risk idiosyncratic (insurable) and aggregate (uninsurable) risk, various topics in fiscal policy (Ricardian equivalence, tax smoothing, capital taxation), asset pricing, various topics in monetary policy (models of the transaction demand of money, welfare cost of inflation), time consistency, and aggregate (equilibrium) models of monopolistically competitive price setting. On the methodological side the course will focus on dynamic programming and other recursive modeling techniques.
货币经济学与银行专题课程有2门：
33600 MONEY AND INFLATION (Cochrane)
This is a second-year Ph.D. course in the Money, Banking, and Macroeconomic Dynamics" field. We will cover monetary theory, empirical evidence, and some interesting historical episodes. Theory will cover standard monetary models such as cash in advance and money in the utility function. We will also study some "neo-Keynesian" models underlying the analysis of Taylor rules and other interest-rate targeting policies, focusing on Michael Woodford's book Interest and Prices. I will emphasize monetary-fiscal interactions and the fiscal theory of the price level. We will cover some classic empirical work on money demand as well as the more recent VAR literature.
The course will be based on a packet of readings and Woodford's Interest and Prices. Work will include class presentations, homeworks, and an exam. The syllabus, first class assignment and other information will be available on my website at http://gsbwww.uchicago.edu/fac/john.cochrane/teaching/ . (=GSBC 33941)
33701 MACROECONOMIC DYNAMICS (Alvarez)
This is a second-year Ph.D. course in the Money, Banking, and Macroeconomic Dynamics" field and will cover the analysis of several competitive equilibrium models emphasizing dynamics in the presence of heterogeneous agents. It will include some discussion of basic theory (dynamic programming and Markov processes) and applications to savings under uncertainty, unemployment, and monetary economics。
其他宏观经济学专题课程：
35301 INTERNATIONAL TRADE AND GROWTH (Lucas)
This course will be a review of recent research on the influence of international trade on economic growth. Students who want to receive a grade other than R must hand in a research paper related to the course. There will be no exams or graded problems。
37501 STRATEGIC INTERACTION IN MACROECONOMICS (Szentes)
This course focuses on the importance of strategic behavior on macroeconomic environments. We will cover topics on learning, currency attacks, financial market bubbles, herds and sovereign default.
37600 TOPICS IN CAPITAL THEORY II (Stokey)
This course will focus on models with fixed costs of adjustment and shocks that are Brownian motions or other diffusions. Specific topics will include menu cost models of price adjustment, inventory control, consumer durables, and investment.
37700 TOPICS IN CAPITAL THEORY III (Shimer)
This course will develop recursive methods to analyze models of complete and incomplete markets. Topics addressed will include consumption and savings, intertemporal labor supply, job assignment, and dynamic labor market contracts.
Money, Banking, and Macroeconomic Dynamics field以及 Financial Economics field的PHD STUDENT需选修下列课程：
38900 THEORY OF FINANCIAL DECISIONS I (Fama)
This course is concerned with models for portfolio decisions by investors and the pricing of securities in capital markets. The material is covered in a rigorous analytical manner, although formal technical requirements are minimal. The reading list is extensive. The expectation is that the average student spends 15+ hours per week on the course, outside of class. Grades are based on ten take-home exams, five problem sets, class participation, and a term paper. (=GSBC 35901)
39001 THEORY OF FINANCIAL DECISIONS II (Kaplan/ Sorensen)
This course provides a theoretical and empirical treatment of major topics in corporate finance, including: capital structure and financial contracting; investment decisions; bankruptcy; and the market for corporate control. The course is designed for Ph.D. students interested in corporate finance. PQ: ECON 38900/ GSBC 35901 (=GSBC 35902)
39100 ASSET PRICING (Constantinides)
In this course, we develop the theory of financial markets. We cover the optimal portfolio and consumption decisions of investors; the equilibrium asset pricing models (CAPM, ICAPM, CCAPM) and the APT; and the pricing of derivatives in the absence of arbitrage. PQ: GSBC 35100 and ECON 38900/ GSBC 35901. Whereas students are permitted to register in the course without having taken these prerequisites, these students should expect to do additional reading on their own to cover whatever gaps in their knowledge appear to be crucial. The instructor will provide guidance to such readings. (=GSBC 35904)
39400 THEORY OF FINANCIAL DECISIONS III (Diamond / Zingales)
We plan to cover three broad topics in this course: (1) theory of the firm; (2) the development of financial markets and its effects on real markets, and (3) financial intermediaries. We will start by trying to understand why firms exist. This will naturally lead on to questions about their organizational and control structures and about the way they are financed. Financial intermediaries play a key role in financing and we will attempt to understand why they are useful. Among the topics we will examine are the effects of financial contracts and intermediaries on incentives, commitment, and the liquidity of markets. This course is intended for Ph.D. students and advanced M.B.A. students who have a substantial understanding of formal economics and some basic game theory. PQ: ECON 39001/ GSBC 35902. A solid background in advanced microeconomics is highly recommended. (=GSBC 35903)
39600 TOPICS IN ASSET PRICING (Piazzesi)
This course is a second-year Ph.D. course in the Money, Banking, and Macroeconomic Dynamics" field on asset pricing. The goal of the course is to learn the tools needed to do research using continuous-time models of asset pricing. The main focus will be on the latest models of the term structure of interest rates. Through problem sets, the class will develop a communal set of MATLAB programs that confront various models with data. The course will use DuffieÕs Dynamic Asset Pricing Theory and grades will be based on problem sets and a take-home final. (=GSBC 35907)
[NOTE: This course may not be used for General Distribution Requirements in the Money, Banking, and Macroeconomic Dynamics field if it was previously used to satisfy Specialized Field or Distribution requirements for the Financial Economics field]
39700 TOPICS IN DYNAMIC ASSET PRICING (Veronesi)
The course covers topics in the area of dynamic asset pricing, including complete and incomplete markets equilibrium models, portfolio constraints and transaction costs, learning and uncertainty, differences of opinion and asymmetric information, aversion to "ambiguity" and non additive preferences, such as Epstein-Zin utility or habit formation. The course mainly emphasizes the modeling techniques that have been recently employed to solve for complicated problems, and have helped shed some light on intriguing empirical regularities, such as the equity premium and excess volatility puzzles, the interest rate puzzle, the cross-sectional predictability of returns, limited stock market participation, and so on. PQ: ECON 39100/ GSBC 35904. More information is available on the course homepage 。
经济数学方法课程；
30400 INTRODUCTION TO MATHEMATICAL METHODS IN ECONOMICS (Szentes)
This optional two-week course for incoming graduate students meets September 3 through September 17, 2004 and introduces some basic mathematical concepts used in economic theory: a "briefing" of the math students will encounter in the Core classes. Emphasis is placed on problem-solving, but also on some fairly abstract math you might not see otherwise. Cooperative work is strongly encouraged.
41800 NUMERICAL METHODS IN ECONOMICS (Judd)
This course studies computational approaches for solving economic models. We first study solution methods for linear and nonlinear equations, optimization algorithms, function approximation techniques, numerical integration methods, and perturbation methods. We then formulate economic problems in computationally tractable forms, and use numerical analysis techniques to solve them. The substantive applications will cover examples from general equilibrium, public finance, dynamic stochastic macroeconomic models, game theory, finance, industrial organization, and labor economics. We will also become acquainted with alternative software suitable for economics applications, and students will learn to use these techniques through computational exercises.
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