Built Environment Economics (10145.1)
Please note these are the 2022 details for this unit
Available teaching periods | Delivery mode | Location |
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View teaching periods | ||
EFTSL | Credit points | Faculty |
0.125 | 3 | Faculty Of Business, Government & Law |
Discipline | Study level | HECS Bands |
Canberra School Of Politics, Economics And Society | Level 3 - Undergraduate Advanced Unit | Band 2 2021 (Commenced After 1 Jan 2021) Band 3 2021 (Commenced Before 1 Jan 2021) |
This unit introduces students to macro and micro economic concepts as they apply to the construction and property industries. The business cycle and the role of fiscal and monetary policy are covered, and their effect on the property and construction industries explored. Other topics include market structures, government intervention and regulation, consumer behaviour and an examination of the domestic built environment industry within an international context.
1. Examine macro and micro economic fundamentals and drivers of the built environment;
2. Appraise the importance and impact of the construction business cycle within the economy;
3. Assess the impact of monetary and fiscal policy on the built environment sector; and
4. Evaluate the context of the domestic built environment industry within an international setting.
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - evaluate and adopt new technology
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Learning outcomes
On successful completion of this unit, students will be able to:1. Examine macro and micro economic fundamentals and drivers of the built environment;
2. Appraise the importance and impact of the construction business cycle within the economy;
3. Assess the impact of monetary and fiscal policy on the built environment sector; and
4. Evaluate the context of the domestic built environment industry within an international setting.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - be self-aware
3. UC graduates are lifelong learners - evaluate and adopt new technology
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
Corequisites
None.Assumed knowledge
None.Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
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Not available
Required texts
Danny Myers, 2017, Construction Economics: A New Approach, (4th edition), Routledge.
The School Locker link: https://protect-au.mimecast.com/s/m6LCCZYMkOsgp9ACz5UMn?domain=theschoollocker.com.au
Participation requirements
Students are required to participate in all face-to-face and/or online activities of this unit when applicable. Participation in workshop presentation is required as part of the fulfillment of assignment 1.
Required IT skills
None.
Work placement, internships or practicums
None