Markets and Market Failure

The first half of the course covers skills for predicting market behavior, including supply and demand and the behavior of firms and consumers. The second half examines the rationale for government intervention in markets, including problems of information, monopoly, externalities, and collective or public goods. GSD 5203A covers similar topics to the KSG course, API-101, but uses case discussions as well as lectures. The A section emphasizes market regulation and economic development applications.The first half of the course covers skills for predicting market behavior, including supply and demand and the behavior of firms and consumers. The second half examines the rationale for government intervention in markets, including problems of information, monopoly, externalities, and collective or public goods. GSD 5203A covers similar topics to the KSG course, API-101, but uses case discussions as well as lectures. The A section emphasizes market regulation and economic development applications.