Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Seminar
Workshop
Module Offerings
4536BEKL-SEP-PAR
Aims
To provide students with an introduction to economic theories and principles with particular reference to the built environment, property and society in general.
Learning Outcomes
1.
Identify the causes and the impact of business cycles with particular reference to the construction and property industries.
2.
Describe the main objectives of macroeconomic policy and the impact of macroeconomic policy on the built environment and the construction industry in the UK and Malaysia.
3.
Identify the demands on the construction industry: housing, commercial, industrial and refurbishment, repair and maintenance.
Module Content
Outline Syllabus:Introduction to economics and market theory.
Overview of micro and macro-economic theory and policy, with particular reference to the built environment.
The roles of the property sector and construction industry within the economy.
Cycles of activity within the property sector and the construction industry.
The inherent relationship between economy, construction and the firm.
Issues of current interest such as interest rates, inflation and unemployment.
Additional Information:This module provides students with an introduction to economics with particular reference to the built environment and the construction industry.