Duration: 3 hours per week - 13 weeks [ECTS: 6]

Course outline

The defense economics module applies the methodological tools of economic theory to the study of defense and security. Following a presentation of comparative data on world military expenditures, it then moves on to examine the demand function for defense and its determinants with particular emphasis on the Greek defense sector. Topics that are examined include the economic theory of alliances, arms races, defense as a public good, defense and the economy, the defense industry and the economic effects of indigenous arms production. Finally, it addresses issues of resource allocation and efficiency in the defense sector.