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; further sonsideration 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.