GE3070: Economics for Defense Managers - NPS Online
Economics for Defense Managers
Course #GE3070
Starts: not available
For details, contact NPS Online at online@nps.edu.
Est. completion in 3 months
Offered through Distance Learning
Avg. tuition cost per course:
See tuition
For specific tuition costs of each program or contact information,
please contact the NPS Tuition office at tuition@nps.edu
.
Learn more about Service Obligation
Officers accepting orders to a Graduate Education Program (GEP) are obligated to serve on active duty after completion.
Questions? Reach out directly:
NPS Online Student Support
online@nps.edu
Overview
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
Prerequisites
- 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.
Microeconomics:
- 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.
Macroeconomics:
- 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.