Space Economics

Human activities, markets, and nations' security are increasingly dependent on activities in space. Launch providers, satellites, GPS navigation, remote sensing, microgravity R&D, civilian and military security activities, development of space infrastructure including mining, solar based energy, and other services are increasingly contributing to the development of the Space Economy. Focus of the course: Commercialization of space. Space-for-Earth and Space-for-Space activities. Space infrastructures in LEO, GEO, and on the Moon. Future of space exploration. Internationalization of the space economy. Applying economic principles to the analysis of the space sector. Policy implications for private firms and governments. Prerequisite: ECON 101D (or ECON 21 & 22 or ECON 23 & 24) and ECON 201D