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

Online Real Time
Study level:
Credit points:
Unit code:

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 analyse 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 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 type Description Grade
Assignment Individual assignment report 20%
Report Group report and presentation 30%
Test Tests (2) 50%

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

Study a single unit

This unit can be studied on its own, without enrolling in a full degree. Learn more about single units of study at VU.

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.