Exploiting short packets for communications is one of the key technologies for realizing emerging application scenarios such as massive machine type communications (mMTC) and ultra-reliable low-latency communications (uRLLC). In this paper, we investigate short-packet communications to provide both reliability and security guarantees simultaneously with an eavesdropper. In particular, an outage probability considering both reliability and secrecy is defined according to the characteristics of short-packet transmission, while the effective throughput in the sense of outage is established as the performance metric. Specifically, a general analytical framework is proposed to approximate the outage probability and effective throughput. Furthermore, closed-form expressions for these quantities are derived for the high signal-to-noise ratio (SNR) regime. Both effective throughput obtained via a general analytical framework and a high-SNR approximation are maximized under an outage-probability constraint by searching for the optimal blocklength. Numerical results verify the feasibility and accuracy of the proposed analytical framework, and illustrate the influence of the main system parameters on the blocklength and system performance under the outage-probability constraint.
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