Economics of the Construction Industry

Description

Examines the principles of microeconomics, macroeconomics and building economics in relation to the construction firms and industry, along with the international dimensions of construction business. Elements of mainstream and building economics theories will be integrated and applied to make informed industry focused business decisions.

Availability

BCA Singapore

  • Semester 1 - 2015

Callaghan

  • Semester 1 - 2015

Distance Education - Callaghan

  • Semester 1 - 2015

Learning Outcomes

1. Apply micro economic principles to construction business operations

2. Apply macro economic principles to review the impact and future outlook of the construction industry

3. Appreciate the impact of the economic environment on social and environmental issues in the context of construction industry

4. Contextualise the role of innovation in construction business

5. Apply international business pinciples in the context of construction firms

Content

  • Introduction construction economics
  • Nature of Construction firms and Construction industry
  • Micro economic principles for construction business
  • Macro economic concepts and its relevance to the construction industry
  • Cost benefit analysis and environmental economics
  • Construction project supply chains
  • International construction business

Replacing Course(s)

This course replaces the following course(s): ARBE2302. Students who have successfully completed ARBE2302 are not eligible to enrol in ARBE2307.

Assessment Items

Quiz: Online Quiz: Microeconomic principles

Report: Report: A Report on Construction Industry Economic Outlook

Report: Report - A Report on Establishing International Business

Contact Hours

Lecture

Face to Face On Campus 2 hour(s) per Week for 13 Weeks

Distance Learning students will receive equivalent instruction through online or other distance education strategies.

Tutorial

Face to Face On Campus 1 hour(s) per Week for 11 Weeks

Distance Learning students will receive equivalent instruction through online or other distance education strategies.