Development Economics

University of Newcastle

Course Description

  • Course Name

    Development Economics

  • Host University

    University of Newcastle

  • Location

    Newcastle, Australia

  • Area of Study

    Construction Management, Design Management, Economics

  • Language Level

    Taught In English

  • Prerequisites

    ARBE1300 or equivalent to ARBE2307 or equivalent - Students should have a basic knowledge of economics in construction industry (ARBE2307) before enrolling in this course

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    1. Understand the operation of property management
    2. Conduct life-cycle costing analysis
    3. Identify the sources of property finance
    4. Understand the taxation implications and capital allowances in the property development process
    5. Apply the methods of investment appraisal
    6. Prepare a feasibility analysis for a commercial facility
    Introduction to the process of feasibility study
    Site analysis
    Market analysis
    Property Management and life-cycle costing analysis
    Valuation of Property
    Property finance and Tax implications/capital allowances
    Time value of money
    Present and future value calculation
    Methods of investment appraisal
    Discounted cash flow analysis
    Risk analysis in discounted cash flow
    Review of discounted cash flow analysis and process of feasibility study

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.