Full Title Construction Economics and Finance

Short Title Const. Economics and Finance

Code QUSU09001
Level 09
Credit 05

Author McLoughlin, Leigh
Department Civil Eng. and Construction

Subject Area Quantity Surveying
Attendence N/A%
Fee

Description
This module looks at the economics of the construction sector and the economic environment in which construction firms operate. The module also aims to develop the students awareness and understanding of financial management in construction.

Indicative Syllabus
1. Examine the role of the construction industry within our economy.

2. Financial management at project level using cash flow forecasting, cost control and cost value reconciliation.

3. Company level corporate and financial planning within the construction industry.

4. Investment and development appraisal techniques.

5. Government policy instruments.

6. Macroeconomics objectives.

7. Sensitivity of the construction market to economic cycles.

8. Measuring economic activity.

9. Economic comparisons - present worth comparison, equivalent annual cost.

Learning Outcomes
On completion of this module the learner will/should be able to
  1. Critically appraise the importance of the construction industry to the economy.

  2. Analyse and assess the theories of corporate and financial planning of organisations in the construction industry and appreciate the relevance of business strategy to construction contractors.

  3. Financially appraise and evaluate alternative schemes and strategies.

  4. Evaluate and assess the need for financial management in construction.

  5. Critique the effects of macroeconomic policies on construction firms and their response to such policies.


Assessment Strategies
A blend of final written examination and continuous assessment projects. The learner must achieve a grade of 40% or higher in order to achieve a pass in this module.


Assessment Facilitites
None

Module Dependencies
Pre Requisite Modules
None
Co Requisite Modules
None
Incompatible Modules
None

Coursework Assessment Breakdown %
Course Work / Continuous Assessment 40 %
End of Semester / Year Formal Examination 60 %

Coursework Assessment Breakdown

Description Outcome Assessed % of Total Assessment Week
Continuous Assessment 1,2,3,4,5 40 OnGoing


End Exam Assessment Breakdown

Description Outcome Assessed % of Total Assessment Week
Final Exam 1,2,3,4,5 60 End of Term


Distance Learning Mode Workload

Type Location Description Hours Frequency Avg Weekly Workload

Total Average Weekly Learner Workload 0.00 Hours

Part Time Mode Workload

Type Location Description Hours Frequency Avg Weekly Workload

Total Average Weekly Learner Workload 0.00 Hours

Full Time Mode Workload

Type Location Description Hours Frequency Avg Weekly Workload

Total Average Weekly Learner Workload 0.00 Hours

Online Learning Mode Workload

Type Location Description Hours Frequency Avg Weekly Workload
Online Lecture Online Online Lectures 1 Weekly 1.00
Tutorial Online Tutorial 1 Weekly 1.00
Independent Learning Not Specified Independent Learning 7 Weekly 7.00

Total Average Weekly Learner Workload 2.00 Hours

Resources
Book Resources
1. Myers, D. (2013) Construction Economics: A New Approach, 3rd. Ed. Routledge.

2. Sloman, J. (2016) The essentials of Economics,:7th. Ed. Pearson Education.

3. Hagan, J. and Newman, C. (2014) The economy of Ireland,: 12th Ed. Gill and Macmillan.

4. McCabe, S. (2010) Corporate Strategy in Construction, Wiley Blackwell.

5. Marney, J.P. and Tarbert, H. (2011) Corporate Finance for Business, Oxford University Press.
Other Resources
1. Irish Times.

2. Financial Times.

3. Central Bank Quarterly Reports.
Url Resources
Additional Info