The learning strategy for the module requires students to commit 150 learning hours (including assessment) of this there will be 36 hours of class support and 114 hours of independent and self directed study.

The lecture/tutorial pattern may vary with some activities taking place in medium size group workshops.

There will be lectures to deliver the core material, as well as smaller group sessions, including problem solving, discussion and workshop type delivery. Students will be expected to complete the exercises and directed learning in the independent learning time. Also there is an external speaker programme that may include lectures from other UK academic institutions and the UK Armed Forces.

This module analyses the business of defence, peace and security. The main focus of the module is an understanding of the complex military decision-making process, whether in situations of war or terrorism. The first section will detail the main principles of defence, namely defence as a public good, military expenditure as derived demand and as a war insurance premium, plus the defence industrial base as a supply-side platform. The role of international collaboration and procurement will be stressed (for example, the case study of Euro-fighter 2000, the global arms trade and the links between military expenditure and national economic growth).
The second section will assess the main principles of peace, namely the scope for resource conversion, such as military spin-offs of R & D, the costs and benefits of the peace dividend and the macroeconomic solutions to the problem of post-Cold War economies in the former Warsaw Pact. Supply-side and demand-side issues surrounding Arms races, arms control and disarmament are considered, in addition to the nature and role of NATO.
The final section will apply the main principles to security. Namely, the microeconomics of non-conventional warfare, including guerrilla warfare and terrorism. In particular, the role of inter-governmental policy will be assessed and the demand for conflict resolution and peacekeeping in areas of contested terrain.

Books and articles in the library
Videos and film footage, including, for example:-
TSR-2 (Procurement Programme),
Kosovo (The costs of the War)

3000 word assignment to cover all learning outcomes.

Braddon, D. and K. Hartley (2011), Handbook on the Economics of Conflict. Edward Elgar Publishing
Coyne, C and Mathers, R (2012), Handbook on the Political Economy of War. Edward Elgar Publishing
Feinstein, A (2011), The Shadow World: Inside the Global Arms Trade. Hamish Hamilton Publishing