Management and Economics of the Built Environment

Module summary

Module code: BUIL1209
Level: 4
Credits: 30
School: Liberal Arts and Sciences
Department: Design
Module Coordinator(s): Effiness Mpakati Gama / Patrick O'Leary

Specification

Aims

The module aims to develop an understanding of the principles of management and economics that apply to the construction industry which is the context in which students taking module are most likely to practice as professionals.

Learning outcomes

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

1 Use economic principles to explain the construction industry and property development in the context of the wider economy.
2 Demonstrate through analysis of economic theory, the interdependencies of macro and microeconomics, including the effect on the construction and property industries of globalisation.
3 Explain the principles of management and organisational structure in term of the theories that underpin them.
4 Explore the importance of collaborative working and information management in the creation of a sustainable built environment.
5 Understand the importance of ethical behaviour in a professional employment context.

Indicative content

In Term 1 the focus will be upon management theory and practice, culminating in the submission of a management assignment. In Term 2 the focus turns to economic principles and the associated assessment will be an individually written coursework to be submitted at the end of that term. There is an assessed group presentation which explores aspects of management and economics.

Teaching and learning activity

The delivery of the module will try to integrate theory and practice and there will be formative student-centered activities in the classroom on most weeks. There will be some computer lab sessions in the economics element and there will be some lectures to illustrate key theories and ideas in economics and management.

Assessment

Coursework: 40% weighting, 40% pass mark.
Learning Outcomes: 3 & 5.
Outline Details: Essay exploring a management scenario. 2000 words.

Presentation: 20% weighting, 40% pass mark.
Learning Outcomes: 1 & 4.
Outline Details: Group presentation on a scenario which encompasses aspects of economics and management.

Coursework: 40% weighting, 40% pass mark.
Learning Outcome: 2.
Outline Details: Report on an economics scenario. 2000 words.

Formative Assessment: In class steering on coursework assignments with space provided for questions answers around work in progress. Model answers to in-class exercises subsequently posted on Moodle.