ARBE2307Economics of the Construction Industry

Course handbook

Description

Examines the principles of microeconomics, macroeconomics and building economics in relation to 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.

Availability2017 Course Timetables

Learning outcomes

On successful completion of the course students will be able to:

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 to 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

Requisite

This course replaces ARBE2302. If you have successfully completed ARBE2302 you cannot enrol in this course.

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

BCA Singapore, Callaghan and Distance Education - Callaghan