fbpx Markets and Market Failure | Harvard Kennedy School
Christopher Avery Photo

Christopher Avery

Roy E. Larsen Professor of Public Policy
Pinar Dogan Photo

Pinar Dogan

Lecturer in Public Policy
David Ellwood Photo

David Ellwood

Isabelle and Scott Black Professor of Political Economy; Harvard University Distinguished Service Professor
Janina Matuszeski Photo

Janina Matuszeski

Lecturer in Public Policy

This course applies microeconomic reasoning to public issues, policies, and programs. It considers economic incentives and organizations; models of economic behavior, including markets, the absence of markets, and interventions in markets; the price system and how it works; and policy objectives and instruments. All sections cover a common set of core topics; the pedagogical approaches vary with the individual instructor.

Prerequisite: The Z section of this course presumes the ability to use basic calculus. API-101 is required for MPP students. May not be taken for credit if taken after API-109 or API-111. MPA students can enroll in API-101 only with the permission of the API-101 course head and if admitted will be assigned to a section by the MPP faculty chair.