QUSU06030 2019 Construction Economics

General Details

Full Title
Construction Economics
Transcript Title
Construction Economics
N/A %
Subject Area
QUSU - Quantity Surveying
CENG - Civil Eng. and Construction
06 - NFQ Level 6
05 - 05 Credits
Start Term
2019 - Full Academic Year 2019-20
End Term
9999 - The End of Time
Leigh McLoughlin
Programme Membership
SG_JQUAN_H08 201900 Bachelor of Science (Honours) in Quantity Surveying SG_CCONS_C06 201900 Higher Certificate in Science in Construction Economics SG_CCEOL_C06 201900 Higher Certificate in Science in Construction Economics (Add-On) SG_JQUAN_B07 201900 Bachelor of Science in Quantity Surveying

This module details the characteristics of the construction industry and the factors that influence it. It also aims to instil in the student an understanding and ability to analyse financial data in organisations.

Learning Outcomes

On completion of this module the learner will/should be able to;


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.

Teaching and Learning Strategies

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).

Module Assessment Strategies

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

Repeat Assessments

Repeat Continuous Assessment and / or Final Examination.

Indicative Syllabus

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.

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous Assessment Assignment 40 % OnGoing 1,2,3,4,5

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Final Exam Closed Book Exam 60 % End of Term 1,2,3,4,5

Required & Recommended Book List

Recommended Reading
2016-09-22 Construction Economics Taylor & Francis
ISBN 9781317292784 ISBN-13 1317292782
Recommended Reading
2011-09-02 Principles of Economics Gill Education
ISBN 0717149889 ISBN-13 9780717149889
Recommended Reading
2016-04-14 Foundations of Economics Oxford University Press
ISBN 9780198739883 ISBN-13 0198739885
Recommended Reading
2003-09-02 Economics Routledge
ISBN 9781135826727 ISBN-13 1135826722
Recommended Reading
2017 Accounting for Non-accounting Students Pearson
ISBN 1292128976 ISBN-13 9781292128979

Module Resources

Non ISBN Literary Resources

As per Booklist.

Journal Resources


URL Resources

Central Statistics Office:  www.cso.ie

Department of Finance:  www.finance.gov.ie

Economic and Social Research institute:  www.esri.ie

Society of Chartered Surveyors Ireland:  www.scsi.ie

The Royal Institution of Chartered Surveyors:  www.rics.org

Other Resources

Irish Times:  https://www.irishtimes.com/

Financial Times:  https://www.ft.com/

Central Bank Quarterly Bulletins:  https://www.centralbank.ie/publication/quarterly-bulletins

Additional Information