ABSTRACT

Construction Economics provides students with the principles underlying the relationship between economic theory and the construction industry. Its new approach specifically examines the problems of securing sustainable construction.

The new edition has been fully revised to provide an overview of the economy and construction markets since the global financial crisis. As such it examines the challenges of changing government policy, adapting to climate change, adopting BIM, and reducing costs. A new introduction along with new readings, data, examples, glossary items, government strategies, and references, revises this established core text and brings it up to the historic EU referendum. As with previous editions, it retains a tried and tested format:

  • a clear and user-friendly style
  • use of a second colour for emphasis
  • regular summaries of key points
  • a glossary of construction economics
  • extensive use of tables and figures
  • extracts from Construction Management and Economics
  • reviews of useful websites.

This invaluable textbook is essential reading across a wide range of disciplines from construction management and civil engineering to architecture, property and surveying.

chapter 1|24 pages

An Introduction to the Basic Concepts

chapter |4 pages

Reading 1

part |2 pages

Part A Effective Use of Resources

chapter 2|14 pages

Economic Systems for Resource Allocation

chapter 3|12 pages

The Market Mechanism

chapter 4|14 pages

The Theory of Demand

chapter 5|14 pages

The Theory of Supply

chapter 6|12 pages

Clients and Contractors

chapter 7|26 pages

Costs of the Construction Firm

chapter |3 pages

Reading 2

chapter |3 pages

Reading 3

part |2 pages

Part B Protection and Enhancement of the Environment

chapter 10|18 pages

Market Failure and Government Intervention

chapter 11|18 pages

Environmental Economics

chapter |4 pages

Reading 4

part |2 pages

Part C Economic Growth that Meets the Needs of Everyone

chapter 12|16 pages

Managing the Macroeconomy

chapter |6 pages

Reading 5

chapter 15|22 pages

Sustainable Construction

chapter |2 pages

Reading 6

chapter |3 pages

Reading 7

chapter |3 pages

Reading 8