## Macro 1 - Tepper School of Business

**Lectures**

- Lecture 1
- Started with Dynamic Programming and the infinite horizon consumer choice problem
- Proved basic results about the equivalence of sequence problem and functional equation

- Lecture 2
- Proved basic properties of the solution of the Bellman equation
- Talked about the Envelope Theorem and optimality conditions

- Lecture 3
- Started developing the disaggregated model of the economy with many consumers and firms

- Lecture 4
- Discussed basic welfare theorems and showed that Pareto optimal allocations solve a planning problem
- Showed some examples of OLG economies where competitive equilibrium is inefficient

- Lecture 5
- Talked about aggregation and irrelevance of inequality for aggregates
- Euler equation and the optimality condition

- Talked about aggregation and irrelevance of inequality for aggregates

**Problem Sets**

**Problem Set 1 -**

__[PDF]__- Due October 30th

**Problem Set 2 -**[

**Problem Set 3**- [

Last year's class

__page__