A New Approach
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Construction economics is a core component of a wide range of undergraduate courses in the built environment. Consequently students need to quickly grasp the basic principles of economic theory and see how this relates to a unique and complex industry. It should be understood in a modern context and this new approach adopts the argument that economics is central to understanding the recent government initiatives concerning sustainable construction.
Key features include:
- a clear and user-friendly style
- a second colour to highlight important definitions and formulae
- frequent summaries to clarify key points
- conceptual terms are highlighted and collated into a glossary of construction economics
- extensive illustration with colour tables and figures
- brief extracts from the academic journal Construction Management and Economics to consolidate and prompt discussion
- web site reviews to set the scene for the three parts of the book.
This invaluable textbook will suit students across a wide range of disciplines from construction managment and construction engineering through to architecture, property and surveying.
Table of Contents
1. An Introduction to the Basic Concepts. Reading 1. 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. Reading 2. Reading 3. Part B: Effective Protection of the Environment 9. Markets for Green Buildings and Infrastructure 10. Market Failures and Government Remedies 11. Environmental Economics. Reading 4. Part C: Economic Growth that Meets the Needs of Everyone 12. Managing the Macroeconomy 13. The Economy & Construction: Measurement & Manipulation 14. The Business Case: Inflation and Expectations. Reading 5 15. Sustainable Construction. Reading 6. Glossary. References
Danny Myers is senior lecturer in the Faculty of the Built Environment at the University of the West of England, and a part time lecturer at the University of Bath.
'Will suit students across a wide range of disciplines.' - Building Services Journal