DEPARTMENT OF ECONOMICS

The Economics Department provides curricula and classroom instruction in support of educating senior USG, foreign military, and selected private sector personnel in National and International Economic Policy (fall) and The Economics of Industry (spring). The purpose of the fall course is to provide students with a broad understanding of the national and international economic factors that affect national security policy. This course addresses fiscal and monetary policy, growth and productivity, globalization, trade and international capital flows, entitlements and budget issues, the rise of Asia and other regions, and economic development. It includes a computer-assisted exercise in international management of a macroeconomic shock. The purpose of the spring course is to provide students with tools of microeconomics and business strategy to help them analyze industries in general and the particular industry they are examining in their Industry Study (IS). This course covers industry structures (perfect competition to monopoly), costs and profits, market failure, regulatory and anti-trust policy, firm strategies, and financial analysis—drawing examples from the IS industry.