|Section Title:||Economics of National Security|
|Course:||P A 388K - Advanced Topics in Public Policy
(previously Seminar in Topics in Public Policy)
|Day & Time:||Mondays, 2:00 PM - 5:00 PM|
|Waitlist Information:||For LBJ Students: UT Waitlist Information|
Description: Since the end of World War II, economic reasoning has played a major role in defense planning and decision-making. Economists have shaped defense debates through, inter alia, the use of game theory, cost-benefit analysis, and macroeconomic research. Today, there is renewed interest among economists in applying their tools to problems of national security. Reflecting this recent body of research, the course has three objectives: first, to use economic tools of analysis to explore a wide range of issues including terrorism, arms races/proliferation, and ethnic and resource conflicts; second, to examine the relationship between "guns and butter" when it comes to government decision-making in such areas as foreign economic policy; and third, to introduce students to some of the major economic issues associated with defense budgeting and acquisition in the United States and countries around the world. Guest lectures will be invited to address the class, and students will work in groups on policy-oriented presentations.
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