fbpx Resources, Incentives, and Choices I: Markets and Market Failures | Harvard Kennedy School
Marcella Alsan Photo

Marcella Alsan

Appointment
Professor of Public Policy

Christopher Avery Photo

Christopher Avery

Appointment
Roy E. Larsen Professor of Public Policy
617-496-4063
Pinar Dogan Photo

Pinar Dogan

Appointment
Lecturer in Public Policy
617-496-5865
Janina Matuszeski Photo

Janina Matuszeski

Appointment
Lecturer in Public Policy
617-495-3561
API-101

This course applies microeconomic reasoning to public policies. It considers economic incentives and organizations; models of economic behavior; the operation of markets; the price system and how it works; the consequences of market failure and interventions in markets; and policy objectives and instruments. It is the first course in the ‘Resources, Incentives, and Choices’ sequence, and provides the foundational frameworks required for the second course in the sequence, Economic Analysis of Public Policy (API-102).

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.