Department of Economics (Mil)
All undergraduate courses are presented by the Military Academy at Saldanha Bay. Postgraduate courses are presented by Stellenbosch University’s Department of Economics. The Institute for Futures Research assists with presenting Defence Economics at under-and postgraduate levels to the Military Academy.
PURPOSE OF DEPARTMENT OF ECONOMICS (MIL)
The study of Economics is important because it is the only subject that endeavours to explain, in a scientific manner, the road that leads to the optimising of an individual’s welfare and therefore a country's welfare under the constraints of limited resources and unlimited needs. The study of Economics, within the broader framework of other social science subjects, arm SANDF members with the knowledge of analysing, on a micro and macro level, strategic decisions regarding the consumption of scares resources within the SANDF and to make recommendations regarding the optimal use thereof.