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Economics of Building (ABPL90330)
Graduate courseworkPoints: 12.5Not available in 2020
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
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This subject sets the context for an understanding of the operations of firms within the construction production process. This includes conducting statistical analysis of the data concerning construction. By analysing construction’s contribution to national income and its linkages to other sectors of the economy it is possible to draw conclusions and gain insights into the operations of firms involved in the production of the built environment.
Intended learning outcomes
- To understand the economic roles and relationships within the construction industry.
- To provide a realistic theoretical economic framework for understanding the construction sector.
- To examine who benefits from the system of production and how these benefits are distributed.
- To examine the economic concepts of the multiplier and the accelerator in relation to construction and construction firms.
Generic skills
At the completion of the subject, students should have developed the following skills and capabilities:
- Ability to discuss policies related to construction and account for the behaviour of firms within the construction industry;
- Enable managers of construction firms to improve their decision making, strategic thinking and planning effort;
- Ability to understand the issues related to the business cycle and the causes and effects of variations in demand for construction.
Last updated: 1 December 2022
Eligibility and requirements
Prerequisites
Admission into one of the following:
- MC-ARCH Master of Architecture
- MC-ARCH2Y Master of Architecture
- MC-ARCH3Y Master of Architecture
- MC-LARCH Master of Landscape Architecture
- MC-LARCH2Y Master of Landscape Architecture
- MC-LARCH3Y Master of Landscape Architecture
- MC-CM Master of Construction Management
- MC-CONMG2Y Master of Construction Management
- MC-CONMG3Y Master of Construction Management
- MC-PROP Master of Property
- MC-PROP2Y Master of Property
- MC-PROP3Y Master of Property
- MC-URPL Master of Urban Planning
- 234AA Master of Design
- 234AH Master of Design (Heritage)
- 373AA Graduate Diploma in Planning and Design
OR
Approval from the subject coordinator.
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 1 December 2022
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
Class Participation, demonstrating active involvement in a range of class activities and peer discussions | 10% | |
Assignment, exploring and researching a topic relevant to the subject and identifying main sources of data and information
| Week 4 | 20% |
Assignment, demonstrating an economic analysis of either a sub-sector of the construction industry or a system of production
| Week 8 | 20% |
Professional report, demonstrating a high-level of analysis of a contemporary topic in this subject
| Week 12 | 50% |
Last updated: 1 December 2022
Dates & times
Not available in 2020
Time commitment details
170 hours
Additional delivery details
This subject runs on a biennial basis in semester 1.
Last updated: 1 December 2022
Further information
- Texts
Prescribed texts
Ive and Gruneberg, The Economics of the Modern Construction Sector, Palgrave Macmillan, 2000.
Gruneberg and Ive, The Economics of the Modern Construction Firm, Palgrave Macmillan, 2000.
Finkel, The Economics of the Construction Industry, Sharpe, 1997. - Related Handbook entries
This subject contributes to the following:
Type Name Informal specialisation Cost Management Informal specialisation Policy Informal specialisation Cost Management Informal specialisation Policy Informal specialisation Research and Development Informal specialisation Corporate Management Informal specialisation Corporate Management Informal specialisation Cost Management - Links to additional information
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 1 December 2022