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.