QUSU06030 2019 Construction Economics

Explain the role of the construction industry within our economy.

Examine the importance of economic analysis to a firm operating within the Construction industry.

Analyse and assess the performance of construction companies and understand their financial accounts.

Explain the effects that the factors of production have on the construction industry.

Determine the types of market structures in the Construction Industry.

This module will be delivered through lectures and tutorials.

Moodle is used by lecturers to direct and manage the learning process and facilitates: Formal Learning: posting of lecture notes and continuous assessments, additional resources and supporting documents. Links to websites. remote collaboration on group work (discussion boards, collaborative document editing) Informal Learning: social communication between learners (discussion boards, chat rooms, Wikis, blogs) learner journals (reflective journals, e-portfolios).

This module is 40% Continuous Assessment and 60% Final Examination.

Repeat Continuous Assessment and / or Final Examination.

1.      The construction industry and the economy.

2.      Sectoral analysis of the construction industry.

3.      Types of market structures in the construction industry.

4.      The theory of the firm - Objectives, SME's, Short run and Long run costs and revenue, Normal V's Supernormal Profits.

5.      Environmental Economics - Growing importance, Environmental issues.

6.      Factor markets - Land, Labour, Capital and Enterprise.

7.      Financial Management - Objectives, Users of financial information, Accounting Conventions and Principles, Accounting statements.