BLCN13034 Construction Economics
2 (NC)
This course develops an understanding of the following
related to the construction industry:
- Feasibility
studies: prediction, property cycles, supply and demand, discounted
cash flows, sensitivity analysis, property economics, inflation, interest
rate projections, life cycle costing and planning;
- Cost-benefit analysis and risk analysis;
- effects of inflation, depreciation and taxation;
- project pricing, break-even analysis, price competition,
sinking funds;
- cost control systems; and
- further consideration of life cycle analysis and costing
for building components and projects.
Students
should have completed introductory studies in Construction Economics
to ensure adequate level of entry knowledge.