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The Economic Institutions of the Construction Industry (BCPM0002)

Key information

Faculty
Faculty of the Built Environment
Teaching department
Bartlett School of Sustainable Construction
Credit value
15
Restrictions
This module is only available to students enrolled on the MSc Construction Economics and Management programme.
Timetable

Alternative credit options

There are no alternative credit options available for this module.

Description

The module will introduce you to the methods and concepts of modern microeconomics and macroeconomics used to analyse the basic economic institutions, structure and relationships of construction, and factors affecting the aggregate level of demand for construction firms.

The Lecture topics for BCPM0002 are:

The microeconomics in construction industry

Supply-demand equilibrium

Elasticity of demand

Market Concentration Construction firms and markets as institutions

  • an Introduction to the general theory of Transaction Cost Economics (TCE)
  • application of TCE to construction procurement route selection Construction demand and capacity
  • short-run macroeconomic analysis of construction demand-theories
  • short-run macroeconomic analysis of construction demand-issues

Value Chain of construction industries Financial crisis and debt deflation

  • impact of financial crises on the construction industry Project Finance fundamental Business cycle
  • construction and property cycles-Evidence
  • construction and property cycles-Theory
  • economic Growth and the Construction Sector ESG and Construction Industry

Module deliveries for 2024/25 academic year

Intended teaching term: Term 1 听听听 Postgraduate (FHEQ Level 7)

Teaching and assessment

Mode of study
In person
Methods of assessment
50% In-class activity
50% Other form of assessment
Mark scheme
Numeric Marks

Other information

Number of students on module in previous year
76
Module leader
Dr Heran Zheng
Who to contact for more information
bssc.enquiries@ucl.ac.uk

Last updated

This module description was last updated on 8th April 2024.

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Useful links

Sustainability

For a list of modules related to climate change as well as social and environmental sustainability at 911爆料网, type 'climate' or 'sustainability' into the search. Visit Sustainable UCL for information on extra-curricular activity on sustainability.

Important information

The catalogue has been updated with key information about the modules that will run during the 2024/25 academic session. Current and prospective students can browse through the catalogue to consider possible module choices for the coming year.

Please note,听information in the catalogue is听subject to change as teaching and assessment arrangements for 2024/25 may need to be adjusted in line with the University's Feedback and Assessment principles and operating model.

Centrally managed exam durations will be provided on students' individual exam timetables. Arrangements for locally managed exams and in-class activity will be confirmed by the teaching department for the module.

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