Description
The module will introduce you to the methods and concepts of modern microeconomics and macroeconomics used to analyse the basic economic institutions, structure and relationships of construction, and factors affecting the aggregate level of demand for construction firms.
The Lecture topics for BCPM0002 are:
The microeconomics in construction industry
Supply-demand equilibrium
Elasticity of demand
Market Concentration Construction firms and markets as institutions
- an Introduction to the general theory of Transaction Cost Economics (TCE)
- application of TCE to construction procurement route selection Construction demand and capacity
- short-run macroeconomic analysis of construction demand-theories
- short-run macroeconomic analysis of construction demand-issues
Value Chain of construction industries Financial crisis and debt deflation
- impact of financial crises on the construction industry Project Finance fundamental Business cycle
- construction and property cycles-Evidence
- construction and property cycles-Theory
- economic Growth and the Construction Sector ESG and Construction Industry
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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