API-105 A: Markets and Market Failure with Cases

Semester: Fall

Credit: 1.0

Syllabus: Click here for syllabus


Day Time Location
First Day 9/6
Meet Day M/W 8:40 AM - 10:00 AM L280
Review F 8:40 AM - 10:00 AM RG-20


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 lectures and case discussions. 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 slightly more emphasis on market regulation and the B section placing slightly more emphasis on urban planning applications.

API-105 is intended as an alternative to API-101 for MPAs; regular MPP1 students may substitute the course for API-101 only with the permission of the API-105 instructor and the API 101 faculty course head. 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 GSD 5222.