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