QUSU07004 2016 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
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Leigh McLoughlin
Programme Membership
SG_JQUAN_J07 201600 Bachelor of Science in Quantity Surveying SG_JQUAN_J07 201700 Bachelor of Science 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.

Teaching and Learning Strategies

Moodle is used by lecturers to direct and manage the learning process and facilitates: Formal Learning: Live lectures and posting of recorded tutorials, posting of documents and 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

Continuous assessment and final examination.

Repeat Assessments

As required.

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

Online Learning Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Not Specified Construction Economics 1 1 Weekly 1.00
Directed Learning Not Specified Construction Economics 1 1 Weekly 1.00
Independent Learning Not Specified Construction Economics 1 5 Weekly 5.00
Total Online Learning 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