Economics of the Construction Industry

University of Newcastle

Course Description

  • Course Name

    Economics of the Construction Industry

  • Host University

    University of Newcastle

  • Location

    Newcastle, Australia

  • Area of Study

    Construction Management, Economics

  • Language Level

    Taught In English

  • Prerequisites

    This course replaces the following course(s): ARBE2302. Students who have successfully completed ARBE2302 are not eligible to enrol in ARBE2307.

  • Course Level Recommendations

    Upper

    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

    10
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    LEARNING OUTCOMES
    1. Apply micro economic principles to construction business operations
    2. Apply macro economic principles to review the impact and future outlook of the construction industry
    3. Appreciate the impact of the economic environment on social and environmental issues in the context of construction industry
    4. Contextualise the role of innovation in construction business
    5. Apply international business pinciples in the context of construction firms
    CONTENT
    Introduction to construction economics
    Nature of construction firms and construction industry
    Micro economic principles for construction business
    Macro economic concepts and its relevance to the construction industry
    Cost benefit analysis and environmental economics
    Construction project supply chains
    International construction business

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.