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

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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 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.

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