Economics of Building (ABPL90330)
Graduate courseworkPoints: 12.5Not available in 2025
About this subject
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
On completion of this subject, students should be able to:
- 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: 4 March 2025
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: 4 March 2025
Assessment
| 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: 4 March 2025
Dates & times
Not available in 2025
Time commitment details
170 hours
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Additional delivery details
This subject runs on a biennial basis in semester 1.
Last updated: 4 March 2025
Further information
- Texts
- 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.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
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
Last updated: 4 March 2025