  Applications of the phase space approach to the calculation of the
microlensing autocorrelation function are presented. The continuous propagation
equation for a random star field with a Gaussian velocity distribution is
solved in the leading non-trivial approximation using the perturbation
technique. It is shown that microlensing modulations can be important in the
interpretation of optical and shorter-wavelength light curves of pulsars, power
spectra of active galactic nuclei and coherence estimates for quasi-periodic
oscillations of dwarf novae and low-mass X-ray binaries. Extra scatter in the
brightness of type Ia supernovae due to gravitational microlensing is shown to
be of order up to 0.2 stellar magnitudes depending on the extent of the light
curves.
