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Tom's Course 2026

Thomas J. Sargent

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Creative Commons License – This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International.

A theme by QuantEcon

Contents

Asset Pricing

1. Asset Pricing: Finite State Models
2. Asset Pricing II: The Lucas Asset Pricing Model

Beliefs and Financial Markets

3. Statistical Divergence Measures
4. Likelihood Ratio Processes
5. Competitive Equilibria with Arrow Securities
6. Heterogeneous Beliefs and Financial Markets
7. Heterogeneous Beliefs and Bubbles
8. Speculative Behavior with Bayesian Learning

Other

References

QuantEcon

Lecture (PDF)
Book (PDF)

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