Course Information Undergraduate prospectus

Principles of Economics and Law

Course summary

Course code: BUIL1176
Level: 4
Credits: 30
School: Architecture, Computing and Hums
Department: Built Environment
Course Coordinator(s): Yvonne Simpson

Specification

Aims

Property and construction professionals in both the private and public sector provide advice across a range of issues within the construction industry. In order to give appropriate advice it is necessary to consider the impact of both economics and law on advice given, in a cogent and reasoned form. Students should also develop an understanding of the economic and legal context in which they operate and be able to understand how this affects the business environment in which they work. The course aims to:

• Introduce principles of government economic policy and identify how they influence the UK economy;
• Examine the principles of market supply and demand, the macro economy and business cycles with particular reference to property and labour markets;
• Explore the relationship between the construction industry and the economy on both micro and macro levels;
• Equip students with the ability to recognise and resolve legal problems within a framework of the substantive law and legal systems of England and Wales;
• Develop in the student an understanding of the general principles of the law of contract, including formation, matters affecting validity and enforceability, discharge and remedies for breach, standard form contracts and exclusion clauses;
• Enable students to understand the general principles of the law of torts, including liability, remedies, defences, negligence, nuisance, trespass and occupiers liability; Introduce and explain key legislation relating to landlord and tenant in both a commercial and residential context; Outline the main elements of land law.

Learning outcomes

On successful completion of this course a student will be able to:

1. Map relationships between the built environment and the and the wider economy

2. Articulate basic economic principles and terms in relation to the built environment

3. Describe the general principles of the law of contract and tort

4. Outline and explain the key legislation relating to the built environment

5. Describe and explain key components in land law

6. Identify the framework in place in England and Wales to resolve legal problems

Indicative content

The economic content will include an explanation of the underlying factors causing changes in market demand and supply and shifts in the elasticity of supply, price mechanisms and business cycles. Particular emphasis will also be placed on property markets and government policy, with particular regard to economic and fiscal policy. The legal content will cover sources of English law, civil and criminal courts and proceedings, hierarchy of courts and the legal professions. The essentials of contract and terms of a contract will also be explored, as will mistakes and misrepresentation. Performance, breach and remedies will also be covered along with discharge, limitation and privacy of contract. Tort will be covered particularly with regard to the tort of negligence. The main principles of the health and safety will be introduced, as will the key legislation relating to the law of the landlord and tenant. Key elements of land law will also be introduced. Dispute resolution and the relationship between the legal system and the construction industry will be investigated.

Teaching and learning activity

The course will be mainly delivered by lectures, supplemented by discussions and workshops to explore economic and legal concepts with set readings and individual consultations. Learning Time (1 credit = 10 hours). Scheduled contact hours:
lectures 48; seminars; supervised practical sessions; tutorials 24; formative assessment 12; other scheduled time. Guided independent study: Note: include in guided independent study preparation for scheduled sessions, follow up work, wider reading or practice, revision. Independent coursework 226; Total 300.

Assessment

Methods of SUMMATIVE Assessment: Individual Assignment.
Outcome(s) assessed by summative assessment (Please use the numbers above to refer to these):LO1, LO2, LO3,L04,L05 LO6
Weighting % 30%
Pass Mark 40%
Word Length: 2000
Outline Details: Written.
Nature of FORMATIVE assessment supporting student learning: In class tutorial

Methods of SUMMATIVE Assessment: Presentations.
Outcome(s) assessed by summative assessment (Please use the numbers above to refer to these):LO1,LO2, LO3,L04,LO5 L06
Weighting % 20%
Pass Mark 40%
Word Length:n/a
Outline Details:Verbal
Nature of FORMATIVE assessment supporting student learning:In class tutorial.

Methods of SUMMATIVE Assessment:Exam
Outcome(s) assessed by summative assessment (Please use the numbers above to refer to these): LO1,LO2, LO3,L04,LO5, L06
Weighting %50
Pass Mark 40%
Word Length:n/a
Outline Details:Written