Economics of the Construction Industry
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.
Availability
Distance Education - Callaghan
- Semester 1 - 2017
- Semester 2 - 2017
BCA Singapore
- Semester 2 - 2017
Callaghan
- Semester 2 - 2017
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
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.