Economics of the Construction Industry

Course code ARBE2307Units 10Level 2000Faculty of Engineering and Built EnvironmentSchool of Architecture and Built Environment

Examines the micro, macro and building economics principles relating to construction firms and industry. Elements of mainstream and building economics theories will be integrated and applied to make informed industry focused business decisions.

Available in 2015

BCA SingaporeSemester 1
Callaghan CampusSemester 1
Distance Education - CallaghanSemester 1
Previously offered in 2014
ObjectivesAt the end of the course students will be able to:
Apply micro economic principles to construction business operations
Apply macro economic principles to evaluate the impact and performance of the construction industry
Appreciate the social and environmental economic principles in the context of construction industry
Appreciate national and international competitiveness issues impacting the construction industry
ContentIntroduction 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
Supply chain economics for construction
International construction business
Replacing Course(s)This replaces and makes amendments to the existing 10 credit course ARBE2302 Economics in the Built Environment.
TransitionARBE2302 Economics in the Built Environment to ARBE2307 Economics for the Construction Industry.
Industrial Experience0
Assumed KnowledgeNot applicable
Modes of DeliveryDistance Learning : IT Based
External Mode
Flexible Delivery / Student Centred Learning
Internal Mode
Teaching MethodsProblem Based Learning
Self Directed Learning
Assessment Items
Case Scenario/PBL exercisesQuiz Case Scenario/PBL exercises
- Two quizzes on economic principles
- Two report relating economics principles to the construction industry
Contact HoursLecture: for 2 hour(s) per Week for 13 weeks
Tutorial: for 1 hour(s) per Week for 11 weeks
Timetables2015 Course Timetables for ARBE2307