Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Module Offerings
5502ICBTQS-APR-PAR
5502ICBTQS-JAN-PAR
5502ICBTQS-SEP-PAR
Aims
Aim(s) of the module is to analyse and provide cost information to the internal management for the purposes of planning, controlling, economising and decision making.
Learning Outcomes
1.
Identify roles of the construction, surveying and property professions within the economy of the built environment and Review fundamental economic theories, relevant to the construction and property industries.
2.
Analyse the implications of micro and macro-economic concepts and theory to development and construction practice.
3.
Develop skills to use cost/value data and relevant cost/value management techniques to make informed economic decisions as a construction/ property professional.
4.
Appraise the effect of fiscal policy changes and government interference on construction economics and financial management.
Module Content
Outline Syllabus:Sources of project financing
Supply and demand analysis
Cost reporting
Basic principles of microeconomics
Introduction to Building Economics
Preparation of Financial appraisals
Multiple project financing and management
Earned Value Management (EVM)
Impacts of inflation on construction
Fiscal policies (National and International)
Scale of production
Monetary Law and Financial Regulations
Price fluctuations impacts on construction
Exchange rate fluctuation impacts on construction
Interest rates fluctuation
Statistics for construction business decision making
Assessments
Report