QUSU09001 2013 Construction Economics and Finance

General Details

Full Title
Construction Economics and Finance
Transcript Title
Const. Economics and Finance
Code
QUSU09001
Attendance
N/A %
Subject Area
QUSU - Quantity Surveying
Department
CENG - Civil Eng. and Construction
Level
09 - NFQ Level 9
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2013 - Full Academic Year 2013-14
End Term
9999 - The End of Time
Author(s)
Leigh McLoughlin,
Programme Membership
SG_EPROJ_M09 201300 Master of Science in Project Management SG_SSTRA_S09 201700 Certificate in Strategic Construction Management SG_SPROJ_M09 201700 Master of Science in Project Management SG_SCONS_S09 201700 Certificate in Construction Law, Procurement and Finance SG_SPROJ_O09 201700 Postgraduate Diploma in Science in Project Management SG_SCONS_S09 201800 Certificate in Science in Construction Law, Procurement and Finance
Description

This module looks at the economics of the construction sector and  the economic environment in which construction firms operate. The module also aims to develop the students awareness and understanding of financial management in construction.

Learning Outcomes

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

1.

Critically appraise the importance of the construction industry to the economy.

2.

Develop an understanding of the effects of macroeconomic policies on construction firms and their response to such policies.

3.

Analyse and assess the theories of corporate and financial planning of organisations in the construction industry and appreciate the relevance of business strategy to construction contractors.

4.

Demonstrate a critical awareness of the need for financial management in construction.

5.

Financially appraise and evaluate alternative schemes and strategies.

Module Assessment Strategies

Continuous assessment and final examination.

Indicative Syllabus

1.    Examine the role of the construction industry within our economy.

2.    Financial management at project level using cash flow forecasting, cost control and cost value reconciliation.

3.    Company level corporate and financial planning within the construction industry.

4.    Investment and development appraisal techniques.

5.    Government policy instruments.

6.    Macroeconomics objectives.

7.    Sensitivity of the construction market to economic cycles.

8.    Measuring economic activity.

9.    Economic comparisons - present worth comparison, equivalent annual cost.

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 and Finance 3 Weekly 3.00
Independent Learning UNKNOWN Construction Economics and Finance 4 Weekly 4.00
Total Full Time Average Weekly Learner Contact Time 3.00 Hours

Part Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Online Lecture Online Construction Economics and Finance 3 Weekly 3.00
Independent Learning UNKNOWN Construction Economics and Finance 4 Weekly 4.00
Total Part Time Average Weekly Learner Contact Time 3.00 Hours

Module Resources

Non ISBN Literary Resources

1.:-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::: Myers, D. (2013) Construction Economics: A New Approach, 3rd. Ed. Routledge.

2. :-:-#160:::: :-:-#160:::: :-:-#160::::Sloman, J. (2013) The essentials of Economics,:-:-#160::::6th. Ed. Pearson Education.

3.:-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::::-:-#160:::: O:-:-#8217::::Hagan, J. and Newman, C. (2011) The economy of Ireland,:-:-#160::::11th Ed. Gill :-:-amp:::: Macmillan.

4. :-:-#160:::: :-:-#160:::: :-:-#160::::McCabe, S. (2010) Corporate Strategy in Construction, Wiley Blackwell.

5. :-:-#160:::: :-:-#160:::: :-:-#160::::Marney, J.P. and Tarbert, H. (2011) Corporate Finance for Business, Oxford University Press.

:-:-#160::::

Other Resources

1.      Irish Times.

2.      Financial Times.

3.      Central Bank Quarterly Reports.

Additional Information

None