This unit develops students understanding of fundamental micro and macro-economic principles. It consists of the application of the techniques and expertise of economics to the study of the construction company, the construction process and the construction industry.

Unit details

Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
NBC3004

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Construct the feasibility studies for construction projects and business;  
  2. Arbitrate and assess the market mechanism (demand, supply and equilibrium process) for construction firms (including inter-state and international companies) and understand how this affects leadership and communication within construction businesses;  
  3. Compose and evaluate key financial accounting data (costs, revenues and pricing) in order to make strategic business decisions for construction firms;  
  4. Design and integrate key business strategies for the successful operation of construction businesses including management, marketing, personnel and resources strategies; and  
  5. Elucidate the property development process, its investment risks and return on investment.  

Assessment

Assessment type Description Grade
Test Class Test (500 words equivalent) 20%
Assignment Individual assignment report (1000 words equivalent) 20%
Report Group report and presentation (1500 words equivalent) 30%
Examination Final Exam (2hrs exam) 30%

Required reading

No required texts. Recommended reading list as below:

Modern Construction Management 7th edition
Harris, F & McCaffer, R (2013)
Blackwell Science, Oxford

Fundamentals of Management
Samson, D & Daft, RL (2009)
Cengage Learning, South Melbourne.

Real estate development: principles and process, 3rd edition
Miles. M E; Berens, G and Weiss, M A (2000)
Urban Land Institute.

Where to next?

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