API-101 A: Markets and Market Failure

Semester: Fall

Credit: 1.0

Syllabus: Click here for syllabus

Faculty: George Borjas


Day Time Location
First Day 9/2
Meet Day M/W 1:15 PM - 2:30 PM L130
Review F 11:45 AM - 1:00 PM Land


This course applies microeconomic reasoning to public issues, policies, and programs. It considers economic incentives and organizations; models of economic behavior, including markets, the absence of markets, and interventions in markets; the price system and how it works; and policy objectives and instruments. All sections cover a common set of core topics; the pedagogical approaches vary with the individual instructor. Prerequisite: The Z section of this course presumes the ability to use basic calculus.

API-101 is required for MPP students. May not be taken for credit if taken after API-109 or API-111. API-105 is intended as an alternative to API-101 for MPAs. MPA students can enroll in API-101 only with the permission of the API-101 course head and if admitted will be assigned to a section by the MPP faculty chair.







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