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Area/Catalogue
BUIL 1023

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Course Level
Undergraduate

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Offered Externally
No

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Course ID
160921

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Unit Value
4.5

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University-wide elective course
Yes

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Timetable/s

This class has not been
timetabled for year 2020.

Course owner

Course owner
School of Natural and Built Environments

Course aim

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

Course content

Introduction to Economics Characteristics of Construction industry. Business Structures. Builder Licensing and Supervision. Employment Conditions. Industrial Relations Practices and Unionisation. Introduction to Economic. 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 2019, Essentials of Economics, 4th 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

Task Length Weighting Duration
INTERNAL, CITY EAST
Test N/A 15% 60 minutes
Assignment 1500 words 35% N/A
Examination N/A 50% 3 hours

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:
How to determine your Commonwealth Supported course fee. (Opens new window)

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 Division offering the course. To determine the cost of this course, go to:
How to determine the relevant non award tuition fee. (Opens new window)

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

Course Coordinators

School of Natural and Built Environments

Degrees this course is offered in

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