This is the first semester of a rigorous two-semester sequence in advanced microeconomic analysis for MPA/ID students. Topics covered include consumer theory, producer theory, risk and behavior under uncertainty, partial and general equilibrium, and externalities. Theory is illustrated by relevant applications to international development and other areas. Prerequisites: Multivariate calculus and constrained optimization; intermediate microeconomics.
This course is open to non-MPA/ID students only by permission of instructor. Qualified non-MPA/IDs should consider taking API-111. Students may receive credit for both API-109 and API-101 only if API-101 is taken first. API-109 and API-111 cannot both be taken for credit.