Defense and Security Economics Concentration
Protection of states, goods, people as well their economic and strategic interests require an increasingly wide range of operations in the field of defense and security. These two sectors are more and more intertwined.
This new concentration, both unique and innovative, aims at understanding the economic dimension of decision making in the field of defense and security issues and will thus shed light on these by explaining arbitrations encompassing economic, political and strategic trade-offs. Economic mechanisms are adapted to account for different objectives pursued in the implementation of defense and security operations. Analyzing the defense/security sector, sovereigny sector by essence, is useful not only to understand decisions taken in this sector but also decisions in other economic activities since the defense/security can be regarded as an extreme case by many aspects.
Given that roughly 2 000 billion dollars are spent every year in this sector, the analysis of operating procedures and consequences of these expenditure represent major challenges. Beyond their economic and budgetary dimensions, defense and security decisions are part of what constitutes the balance of power and influence between states. These relations are subject to economic constraints which we intend to fully understand and analyze in depth. Within that context, strategic autonomy requires above all technological developments and constant enhancement of the defense industrial base which are subject to national and international rules and regulations that are strict, yet constantly evolving.
The concentration “Defense and Security Economics” covers various fields such as macro economics, nuclear deterrence, raw materials, industry as well as its rules and regulations, decision making regarding investment and contractualization, outsourcing, internationalisation of defense issues as well as conflict economics.
Both theoretical (identification and presentation of relevant frameworks in the understanding of defense and security choices) and empirical (concrete and up-to-date examples) developments will be detailed in every domain. Efforts are undertaken to provide international comparisons with many examples drawn from the United-States, Europe, Middle-East and Asia; one objective being to appreciate defense and security choices according to their geographical and cultural contexts in particular.
Students in international affairs, international public management, international security, international economic policy, international development or public affairs are likely to be interested in such developments.
Potential professional outcomes for this concentration are department of defense (of your home country), procurement agencies, international bodies (NATO, EU), consulting companies and contractors specialised in defense and security.
The diversity of courses offered within the Defense and Security Economics concentration program can be found on the Thematic Concentration course offerings.