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.
Danny Myers is an experienced lecturer and author from the Department of Construction and Property at the University of the West of England, and the Department of Architecture and Civil Engineering at the University of Bath.
1. An Introduction to the Basic Concepts Reading 1 Part A: Effective Use of Resources 2. Economic Systems for Resource Allocation 3. The Market Mechanism 4. The Theory of Demand 5. The Theory of Supply 6. Clients and Contractors 7. Costs of the Construction Firm Reading 2 Reading 3 Part B: Protection and Enhancement of the Environment 9. Markets for Green Buildings and Infrastructure 10. Market Failure and Government Intervention 11. Environmental Economics Part C: Economic Growth that Meets the Needs of Everyone 12. Managing the Macroeconomy 13. The Economy and Construction: Measurement and Manipulation 14. The Business Case: Inflation and Expectations Reading 5 15. Sustainable Construction Reading 6