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Construction Economics

A New Approach, 2nd Edition

By Danny Myers

Published September 11th 2008 by Routledge – 326 pages

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Description

Construction Economics provides students with the principles and concepts underlying the relationship between economic theory and the construction industry. The new approach adopts an argument that economics is central to government initiatives concerning sustainable construction.

This edition has been expanded to include the latest debates regarding the private finance initiative, value management, off-site manufacture, the credit crunch, the 2008 OFT investigation into contractors colluding and sustainable construction. The opportunity has also been taken to update the data, examples, readings, and references.

This invaluable textbook is essential reading across a wide range of disciplines from construction management and civil engineering to architecture, property and surveying.

Contents

1. An Introduction to the Basic Concepts Part A: Effective Use of Resources 2. Economic Systems for Resource Allocation 3. The Market Mechanism 4. The Theory of Demand 5. The Theory of Supply 6. Clients and Contractors 7. Costs of the Construction Firm 8. Types of Market Structure in the Construction Industry Part B: Protection and Enhancement of the Environment 9. Markets for Green Buildings and Infrastructure 10. Market Failure and Government Intervention 11. Environmental Economics Part C: Economic Growth that Meets the Needs of Everyone 12. Managing the Macroeconomy 13. The Economy and Construction: Measurement and Manipulation 14. The Business Case: Inflation and Expectations 15. Sustainable Construction. Glossary

Author Bio

Danny Myers is a lecturer and researcher based in the School of the Built and Natural Environment at the University of the West of England, Bristol, UK, and visiting lecturer at the University of Bath, UK.

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Sample Content

Information sources and links to sites referred to in the book:

Part A
Effective Use of
Resources

   www.dti.gov.uk
www.competition-commission.org.uk
www.carol.co.uk
www.ft.com
www.ons.gov.uk
     

Part B
Effective Protection of the Environment

   www.bre.co.uk
www.ends.co.uk
www.foe.co.uk
www.ncbe.co.uk
www.usablebuildings.co.uk
     

Part C
Economic Growth that meets the needs of everyone

   www.hm-treasury.gov.uk
www.bankofengland.co.uk
www.worldbank.org
www.economics.ltsn.ac.uk
www.euroconstruct.com
     

Additional Information, Reports and References:

www.dti.gov.uk/construction

 

 

 

 

 

 

 

 

 

 

 

  • Fairclough, J. (2002) Rethinking Construction and Innovation and Research: A Review of Government R&D Policies and Practices

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  • Construction Statistics Annual

    • www.cibworld.nl

     

     

     

     

     

     

     

     

     

     

     

  • Agenda for Sustainable Construction in Developing Countries

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    www.bre.co.uk/projects

     

     

     

     

     

     

     

     

     

     

     

  • Sustainable Construction Task Group (2002) Reputation, Risk and Reward: the Business Case for Sustainability in the UK Property Sector

    • Name: Construction Economics: A New Approach, 2nd Edition (Paperback) – Routledge 
    Description: By Danny Myers. Construction Economics provides students with the principles and concepts underlying the relationship between economic theory and the construction industry. The new approach adopts an argument that economics is central to government initiatives...
    Categories: Construction Economics, Economics