ARBE2307

Economics of the Construction Industry

10 Units 2000 Level Course

Available in 2014

BCA Singapore Semester 1
Callaghan Campus Semester 1
Distance Education - Callaghan Semester 1

Previously offered in 2013, 2012, 2011

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.

Objectives At 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
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
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.
Transition ARBE2302 Economics in the Built Environment to ARBE2307 Economics for the Construction Industry.
Industrial Experience 0
Assumed Knowledge Not applicable
Modes of Delivery Distance Learning : IT Based
External Mode
Flexible Delivery / Student Centred Learning
Internal Mode
Teaching Methods Problem Based Learning
Lecture
Self Directed Learning
Tutorial
Assessment Items
Case Scenario/PBL exercises Quiz Case Scenario/PBL exercises
- Two quizzes on economic principles
- Two report relating economics principles to the construction industry
Contact Hours Lecture: for 2 hour(s) per Week for 13 weeks
Tutorial: for 1 hour(s) per Week for 11 weeks
Timetables 2014 Course Timetables for ARBE2307