This is the second semester of a rigorous two-semester sequence in advanced microeconomic analysis for MPA/ID students. Topics covered include general equilibrium, externalities and public goods, welfare economics, game theory, economics of information, incentives, and contracts. 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. API-110 and API-112 cannot both be taken for credit. Students may receive credit for both API-110 and API-102 or API-303 only if API-102 or API-303 is taken first.