Construction Economics provides students with the principles underlying the relationship between economic theory and the construction industry. Its new approach specifically examines the problems of securing sustainable construction.
The new edition has been fully revised to provide an overview of the economy and construction markets since the global financial crisis. As such it examines the challenges of changing government policy, adapting to climate change, adopting BIM, and reducing costs. A new introduction along with new readings, data, examples, glossary items, government strategies, and references, revises this established core text and brings it up to the historic EU referendum. As with previous editions, it retains a tried and tested format:
- a clear and user-friendly style
- use of a second colour for emphasis
- regular summaries of key points
- a glossary of construction economics
- extensive use of tables and figures
- extracts from Construction Management and Economics
- reviews of useful websites.
This invaluable textbook is essential reading across a wide range of disciplines from construction management and civil engineering to architecture, property and surveying.
Table of 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
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
Danny Myers is an experienced lecturer and author from the Department of Construction and Property at the University of the West of England, and the Department of Architecture and Civil Engineering at the University of Bath.