Economics of the Construction Industry
University of Newcastle
Area of Study
Construction Management, Economics
Taught In English
This course replaces the following course(s): ARBE2302. Students who have successfully completed ARBE2302 are not eligible to enrol in ARBE2307.
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.
Host University Units10
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewLEARNING OUTCOMES1. Apply micro economic principles to construction business operations2. Apply macro economic principles to review the impact and future outlook of the construction industry3. Appreciate the impact of the economic environment on social and environmental issues in the context of construction industry4. Contextualise the role of innovation in construction business5. Apply international business pinciples in the context of construction firmsCONTENTIntroduction to construction economicsNature of construction firms and construction industryMicro economic principles for construction businessMacro economic concepts and its relevance to the construction industryCost benefit analysis and environmental economicsConstruction project supply chainsInternational construction business
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.