EC244 Economics of Energy 0.5 This course provides an introduction to the economic aspects of energy, emphasizing petroleum in the North American economy. The course begins with a discussion of criteria for energy resource allocation. Petroleum production, demand, pricing, and conservation are then analyzed. Other issues such as the international petroleum market and new energy sources may also be examined. The concluding section of the course deals with government policies in the energy area. Prerequisite: EC120 (or EC101), EC140 (or EC102). Exclusion: EC348 or EC398.