Economics for Defense Managers

Course #GE3070

Est.imated Completion Time: 3 months


 Develops the fundamental tools of microeconomics and macroeconomics, and applies them to defense management and resource allocation. Course centers on defense applications of economic theory. Topics covered include: defense and the macro economy; markets and their interactions with defense acquisition and contracting; national security implications of globalization; and efficiency in defense decision making. 

Included in degrees & certificates

  • 192
  • 857


  • MA2XXX
  • College algebra.

Learning Outcomes

After completing the course, you will be able to:


Basic economic concepts:

·       Recognize the key economic concepts used in CBA (cost-benefit analysis).

·       Articulate how people and countries benefit from specialization and trade.



·       Apply the supply-demand model to analyze how markets allocate resources using prices.

·       Explain how elasticity affects revenues and policy debates.

·       Analyze market efficiency and market outcomes under different government policies.

·       Evaluate when and how governments can negatively or positively affect markets.

·       Analyze how competition influences production and pricing decisions of firms.



·       Explain the meaning and interpretation of key macro-economic measures such as GDP, inflation,

·       and unemployment.


Cost-benefit analysis:

·       Explain the basic steps of CBA

Offerings database access
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Application Deadlines

  •  08 Jul 2024

    Fall Quarter applications due

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Academic Calendar

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