Economics of Cybersecurity

This course examines the Economics of Cyber Security via the tools found in Game Theory. This course studies economic ideas (the study of scarce resources) to understand the behavioral consequences of policy changes within Cyberspace. We will also analyze policies to determine the extent to which they meet the social goal of efficiency.

This is a graduate level course and will require a great deal of effort on your part. Be sure you are committed to putting in the necessary time to master this material.

Economics of Cyber Security is a very broad field with many researchers from diverse disciplines. The main topics covered in this course will be:

  • Vulnerability Disclosure
  • Incentive Problems
  • Threat Assessment
  • Privacy
  • Bug Bounty Systems
  • DDOS Attacks
  • Cryptocurrencies

At the end of this class you as the student should be able to do the following:

  • Understand basic concepts of information security.
  • Demonstrate an understanding of basic economic modeling and economic thought.
  • Clearly define an argument and, using economics, logically defend your argument.
  • Read and analyze a journal argument for the way it’s written and its structure (intro, findings, etc.).

Class Details

Meeting Days Time Location
Monday, Wednesday 9:30 - 11:00 am RRH 3.402

Examination information not available

Additional Information

Course Type
Grading Method
Pass/Fail Allowed
Will not use floating mean GPA


  • Cyber Security: Economic Strategies and Public Policy Alternatives - Michael Gallaher, Albert Link, and Brent Rowe
      Edward Elgar Publishing
      ISBN: 978-1-84720-355-7   (optional)
  • The Law and Economics of Cybersecurity - Mark F. Grady and Francesco Parisi
      Cambridge University Press
      ISBN: 978-0-521-85527-3   (optional)