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Lecture Notes in Macroeconomics

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Lecture Notes in Macroeconomics John C. Driscoll Brown University and NBER1. December 21, 2003. 1. Department of Economics, Brown University, Box B, Providence RI 02912. Phone (401) 863-1584, Fax (401) 863-1970, email:John web:http:\\. c \ jd. Copyright John C. Driscoll, 1999, 2000, 2001. All rights reserved. Do not reproduce without permission. Comments welcome. I especially thank David Weil, on whose Notes substantial parts of the chapters on Money and Prices and Investment are based. Kyung Mook Lim and Wataru Miyanaga provided detailed corrections to typographical errors. Several classes of Brown students have provided suggestions and corrections. All remaining errors are mine. ii Contents 1 Money and Prices 1. Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. Prices.

CONTENTS v Stochastic Calculus 133 Introduction Course Mechanics † Requirements: Two exams, each 50% of grade, each covers half of material in class. First exam: on Tuesday, March 12th.

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