SRE270 - Building Economics
|Year||2016 unit information|
|Enrolment modes:||Trimester 2: Waterfront (Geelong)|
1 x 2 hour class per week, 1 x 1 hour seminar per week.
This unit explores macro and micro economic concepts as they apply to the construction and property industries. Topics include the behaviour of the Australian economy, macro economic theories, tools and policies available to influence the performance of the economy, supply prices and output decision-making and structure, market fluctuations, price mechanisms, concept of cost, profit maximising, market structures, government intervention and regulation, consumer behaviour and labour markets. Urban economics, including land as a factor of production, land rent, land use problems, location decisions, urban growth, transportation and public intervention are also discussed. An introduction to business planning is undertaken.
One assignment 25%, group research report 25%, examination 50%. To be eligible to obtain a pass in this unit students must achieve at least 40% in the examination.