QUSU07004 2012 Construction Economics 1

General Details

Full Title
Construction Economics 1
Transcript Title
Construction Economics 1
Code
QUSU07004
Attendance
N/A %
Subject Area
QUSU - Quantity Surveying
Department
CENG - Civil Eng. and Construction
Level
07 - NFQ Level 7
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2012 - Full Academic Year 2012-13
End Term
9999 - The End of Time
Author(s)
Leigh McLoughlin
Programme Membership
SG_JCONS_B07 201300 Bachelor of Science in Construction Management and Costing SG_JQUAN_B07 201300 Bachelor of Science in Quantity Surveying SG_JCONS_B07 201400 Bachelor of Science in Construction Cost Management SG_JQUAN_H08 201400 Bachelor of Science (Honours) in Quantity Surveying SG_JQUAN_B07 201500 Bachelor of Science in Quantity Surveying SG_JQUAN_H08 201500 Bachelor of Science (Honours) in Quantity Surveying SG_JQUAN_H08 201500 Bachelor of Science (Honours) in Quantity Surveying SG_JQUAN_H08 201700 Bachelor of Science (Honours) in Quantity Surveying
Description

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;

1.

Explain the role of the construction industry within our economy.

2.

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

3.

Analyse and discuss the key issues and policy problems concerning economic activity and organisation in the construction industry.

4.

Critically evaluate the effect of the factors of production have on the construction industry.

5.

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

Module Assessment Strategies

Continuous assessment and 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 firm and cost of production - the theory of the firm, size of firms, financing the firms.

5.      Economic aspects of building design.

6.      Factor markets - land, labour, capital.

7.      Financial Management.

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 UNKNOWN 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 UNKNOWN 60 % End of Term 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Lecture Theatre Construction Economics 1 2 Weekly 2.00
Independent Learning UNKNOWN Construction Economics 1 5 Weekly 5.00
Total Full Time Average Weekly Learner Contact Time 2.00 Hours

Module Resources

Non ISBN Literary Resources

1.      Myers, D. (2013) Construction Economics: A New Approach, 3rd. Ed. Routledge.

2.      Manser, J.E. (2002) Economics, A foundation course for the built environment, Spon Press.

3.      Sloman, J. (2013) The essentials of Economics, 6th ed. Pearson Education.

4.      O’Hagan, J. and Newman, C. (2011) The economy of Ireland, 11th ed. Gill & Macmillan.

5.      Begg, D., Fischer, S. and Dornbusch, R. (2009) Foundation of  Economics, 4th ed. McGaw Hill.

6.      Sheeley, I.H. (1996) Building Economics, 4th Ed., Palgrave.

Other Resources

1.      Irish Times.

2.      Financial Times.

3.      Central Bank Quarterly Reports.

Additional Information

None