Economics for Construction Professionals

Course aim

To provide students with an understanding of fundamental micro and macro-economics principles with particular reference to the construction industry.

Course content

Introduction to Economics. Market Mechanism: Demand, Supply and Equilibrium Process. Costs, Revenues and Pricing and their Application to Construction Firms. Market Structures. The National Economy and Government Policy. Economic Measures of Construction Activity. Trade and the Global Economy. Monetary Policy and Interest Rates.

Textbook(s)

Hubbard Garnett Lewis O'Brien 2015, Essentials of Economics, 3rd edition, Pearson

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY EAST
Lecture	2 hours x 13 weeks
Tutorial	1 hour x 13 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Examination, Test

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 2)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.