BLCN13014  Construction Economics II

Demand - for residential, commercial, industrial and public buildings and construction projects; for repair, maintenance and renovation works; supply - production efficiency, cost curves, production functions; under perfect conditions and influence of trades unions, monopolies, etc on supply; influence of ideas and developments - labour supply, productivity, new building products and techniques; pricing and output decision - comparison between cost-plus, rate of return and marginal cost pricing; investment policy - criteria and effects of investment; finance - sources and availability; liquidity versus profitability.