ECO 313: A Tale of Two Recessions, Fall 2026

Here is the syllabus.

On Monday, September 7, we will finish discussing the housing bubble. We will also start discussing the theory of speculative bubbles

On Wednesday, September 9, we will finish discussing the theory of speculative bubbles. I will also discuss the first required homework assignment and some of the econometric tools needed (binary choice models)

Below are notes for each topic. Readings are available here.

  1. The Housing Bubble: Notes
  2. Speculative Bubbles: Notes
  3. Housing Policy: Notes
  4. Mortgage Backed Securities: Notes
  5. Credit Cycles: Notes
  6. Propogation