This introduction explores both the hows and whys of the practices of public policy. The text provides reality-based practical advice about how to actually conduct policy analysis and demonstrates the application of advanced analytic techniques.* Opens with a new comprehensive policy analysis example that illustrates many of the important concepts covered in the text. (Ch. 1). * Separates coverage of the &Competitive Model& and &Market Failures& into two separate, more digestible chapters. (Ch. 4-5). * Provides substantially expanded and more systematic treatments of both distributional values and government failures. (Ch. 7-8).