Module Database Search
| MODULE DESCRIPTOR | |||
|---|---|---|---|
| Module Title | |||
| Economics for the Built Environment | |||
| Reference | SU1002 | Version | 6 |
| Created | January 2023 | SCQF Level | SCQF 7 |
| Approved | July 2011 | SCQF Points | 15 |
| Amended | July 2023 | ECTS Points | 7.5 |
| Aims of Module | |||
|---|---|---|---|
| To provide students with a basic understanding of economic principles and to introduce them to economic analysis in the private, public, and national sectors in the context of the Built Environment. | |||
| Learning Outcomes for Module | |
|---|---|
| On completion of this module, students are expected to be able to: | |
| 1 | Recognise and discuss the basic terminology, principles, theories and models in both micro and macroeconomics. |
| 2 | Apply these principles, theories and models in order to understand the basic working of companies, markets and the national economy. |
| 3 | Apply these principles, theories and models to an understanding relating to the Built Environment. |
| Indicative Module Content |
|---|
| The basic economic problem of scarcity and choice; opportunity cost. The Built Environment market model. Costs, revenue and profit maximisation. Different competition policy and market structures. Theory of the firm. Resources. The role of government in the economy. Fiscal and monetary policy. An introduction to the European Union. The economy of sustainable construction. |
| Module Delivery |
|---|
| This module is a lecture-based course supplemented with both tutorials and directed study. Students will take part in some collaborative work during tutorials. One assessment includes assessed collaborative teamworking. |
| Indicative Student Workload | Full Time | Part Time |
|---|---|---|
| Contact Hours | 50 | N/A |
| Non-Contact Hours | 100 | N/A |
| Placement/Work-Based Learning Experience [Notional] Hours | N/A | N/A |
| TOTAL | 150 | N/A |
| Actual Placement hours for professional, statutory or regulatory body |
| ASSESSMENT PLAN | |||||
|---|---|---|---|---|---|
| If a major/minor model is used and box is ticked, % weightings below are indicative only. | |||||
| Component 1 | |||||
| Type: | Coursework | Weighting: | 100% | Outcomes Assessed: | 1, 2, 3 |
| Description: | The coursework normally consists of an individual report supporting the learning outcomes of the module. | ||||
| MODULE PERFORMANCE DESCRIPTOR | |
|---|---|
| Explanatory Text | |
| The overall module grade is based on 100% weighting of the Component (Coursework). An overall minimum grade D is required to pass the module. Non-submission will result in an NS grade. | |
| Module Grade | Minimum Requirements to achieve Module Grade: |
| A | A |
| B | B |
| C | C |
| D | D |
| E | E |
| F | F |
| NS | Non-submission of work by published deadline or non-attendance for examination |
| Module Requirements | |
|---|---|
| Prerequisites for Module | None, in addition to course entry requirements. |
| Corequisites for module | None. |
| Precluded Modules | None. |
| INDICATIVE BIBLIOGRAPHY | |
|---|---|
| 1 | Hillebrad. P. 2000. Economic Theory and the Construction Industry. London Mcmillan. |
| 2 | www.Tutor2u |
| 3 | Design Economics for the Built Environment (2015), Robinson, H, etal; Hoboken: John Wiley & Sons, Incorporated |
| 4 | Construction Economics: a new approach (2013) Myers, Danny;Hoboken : Taylor and Francis, 3rd Edition |
| 5 | Management for the Construction Industry (2013) Lavender, Stephen;Abingdon : Routledge |