Description: This introduction to both the "hows" and "whys" of the practices of public policy provides "reality-based" practical advice about how to actually conduct policy analysis and "demonstrates" the application of advanced analytic techniques. Covers such topics as Efficiency and the Idealized Competitive Model; Rationales for Public Policy (Market Failures, Other Limitations of the Competitive Framework, and Distributional and Other Goals); Limits to Public Intervention: Government Failures; Correcting Market and Government Failures: Generic Policies; How to Confront Policy Problems; Goals/Alternatives Matrices: Some Examples from CBO Studies; Benefit-Cost Analysis; Thinking Strategically About Adoption and Implementation; Benefit- Cost Analysis in Bureaucratic Settings: The Strategic Petroleum Reserve; When Statistics Count: Revising the Lead Standard for Gasoline. For anyone involved in Policy Analysis, Public Policy, Public Finance, Cost-Benefit Analysis.

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