Resources, Incentives, and Choices I: Markets and Market Failures

Harvard HKS

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…