Course Information Undergraduate prospectus

Management and Economics of the Built Environment

Course summary

Course code: BUIL1209
Level: 4
Credits: 30
School: Architecture, Computing and Hums
Department: Built Environment
Course Coordinator(s): Elizabeth Whelan

Specification

Pre and co requisites

None

Aims

To develop an understanding of:
• The principles of management and economics that apply to the construction industry and provide a framework and context for the formulation of reasoned cogent advice at a later stage.
• The impact of basic economic and management principles on the business environment in which a Quantity Surveyor operates.
• the knowledge and actions required to create a sustainable built environment for future generations.
• the historical and cultural influences that have shaped the built environment;

Learning outcomes

On completing this course successfully you will be able to:
• Explain and utilise basic economic principles
• Be able to use an economic vocabulary to describe economic processes in relation to construction and development
• Understand the relationship between construction and the wider economy and the interdependencies of the macro and micro economy.
• Demonstrate an understanding of the principles of management and organisation;
• begin to understand the interdisciplinary nature of construction and the importance of collaborative working and information to the creation of a sustainable built environment;
• begin to interpret and evaluate the historical and contemporary built environment and the theories supporting it, in terms of human well-being, the welfare of future generations, the natural world and the consideration of a sustainable environment.

Indicative content

Management, organisation and information
• Approaches to management in an organisational setting.
• Managing individuals; differences, diversity and communication.
• Motivation and job satisfaction.
• Organisational structure, culture and the management of change.
• The importance of information; flows of information and its management within construction

Economics

• Introduce principles of government economic policy and identify how they influence the UK economy, with particular reference to the Construction sector;
• 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.

Cultural context

• The historical and contemporary built environment and the theories supporting it, in terms of the natural world, human well-being and the welfare of future generations.
• The historical development of roles and professions and other key stakeholders in construction.
• The history of public health regulation in the built environment and the development of Town Planning and Building Control.

Teaching and learning activity

Teaching will comprise weekly lectures and complementary tutorials providing students with the opportunity to test their understanding of each subject area. Formative assignments will be undertaken within tutorials and peer group assessment utilised.

Assessment

Portfolio - 100%
2000 words or equivalent
A portfolio of formative assessment leading to typically two individual summative assessments(essays) and one summative group project on organisational analysis or similar

Pass Mark 40%