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Faculty: Albert (Nick) Nichols
The first half of the course covers skills for predicting market behavior, including supply and demand and the behavior of firms and consumers. The second half examines the rationale for government intervention in markets, including problems of information, monopoly, externalities, and collective or public goods. API-105 covers similar topics to API-101, but generally alternates case discussions with lectures and other activities. The A and B sections cover the same core topics and have common problem sets. When taught during the same semester, they also have common exams. With a few exceptions, they also use the same cases, with the A section placing more emphasis on market regulation and the B section placing more emphasis on urban planning applications.
API-105 is intended as an alternative to API-101 for MPAs and students from the GSD and other schools. MPP1 students may substitute the course for API-101 only with the permission of the API 101 faculty course head and the API-105 instructor. API-105 may not be taken for credit after having taken API-109 or API-111. API-105A is also offered by the Graduate School of Design as SES-05222.