API-105 B: Markets and Market Failure with Cases

Semester: Spring

Credit: 1.0

Syllabus: Click here for syllabus


Day Time Location
First Day 1/27
Meet Day M/W 8:30 AM - 10:00 AM GSD GNDH 111
Review F 12:00 PM - 1:30 PM GSD GNDH 124


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 uses case discussions as well as lectures. The A and B sections cover the same core topics and have common problem sets and exams. With one or two 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-105B is also offered by the Graduate School of Design as GSD 5203.