SHE level 7 SCQF credit points 20 ECTS credit points 10 Module code M1K224313 Module Leader Sharon Jatau School School of Science & Engineering Subject Construction and Surveying Trimester A (September start)
Summary of content Macroeconomic and microeconomic analysis and its application to the construction and property markets. UK financial and economic institutions in domestic and overseas trade in relation to the property industries. The comparative performance of the UK construction and property markets. Government intervention: goals, measures and achievement current policy initiatives and their sectoral impact.
Module details Syllabus arrow_forward The scope and nature of economics and economic analysis. The basic economic problem. Economic systems and their evolution. The market economy and changes in market price for products and resources. The determination of rewards to factors of production. Applications in the property market. The theory of the firm and its relevance in UK and international markets. The organisation of industry: features and trend markets, productivity, labour force, capital investment, finance and land Definitions, measurement and determination of national income trends and relationship with the property cycle. Finance and the money supply: forms and sources of money institutions and their regulation. International trade and finance the impact of international capital flows for the property and construction industry. Government macroeconomic and microeconomic intervention in the economy: objectives, means and trends.
Learning outcomes arrow_forward On successful completion of this module the student should be able to: 1. Apply an analytical approach to human and organisational behaviour. 2. Understand market forces and relationships.(A2 A6 B1 D3) 3. Supply a context for the study of UK and international industry.(A6 D3) 4. Prepare and present a formal report/essay. (C6 D9) 5. Explain the basic economic problem and its implications for individuals and organisations. (B1 D2)
Teaching / learning strategy arrow_forward Lectures provide an introduction to staff and resources, lecture programme, assessment strategy, texts and software in a flexible learning mode. Lectures to introduce selected theoretical and applied introductory level reading and software material. Coursework and practical exercises will provide an opportunity to explore, clarify and reinforces student understanding of some basic principles in a practical setting and exercise students in the form of response relevant to their final exam. Web-enabled learning provided for discussion enhancement and support.
Indicative reading arrow_forward Transferrable skills arrow_forward Effective communication: written, graphical and oral (D9, D13, D14) Effective use of IT (D10, D13) Time management and self-motivation (D4, D5, D6) Planning, monitoring, reviewing and evaluating own learning (D8) Independent and group working (D7, D12)
Module structure Activity Total hours Lectures 22 Tutorials 11 Practicals 0 Seminars 0 Independent Learning 147 Assessment 20 Placement 0
Assessment methods Component Duration Weighting Threshold Description Course Work001 100 35 CW1: Written Coursework (3000 words)