This course develops abilities in using analytic frameworks in the formulation and assessment of public policy. It considers a variety of analytic techniques, particularly those directed toward uncertainty and interactive decision problems. Its emphasis is on the application of techniques to policy analysis, not on formal derivations. Students are encouraged to work with others on the challenging problem sets. The course employs mini-case studies, methodological readings, the computer, the Internet, and a final exam. Students are pushed to be creative in confronting policy issues.
Suggested prerequisites: An understanding of intermediate-level microeconomic theory and the basics of decision analysis; API-101, API-102, or equivalent, are sufficient. Open to MPP1 students only if they have exempted from API-101. Also offered by the Economics Department as Ec 1415.