This course introduces students to the economic principles and financial management techniques used in the construction industry. This course covers topics such as cost estimation, project financing, economic decision-making, and the impact of market trends on construction projects. Students will learn how to apply economic theories to real-world construction scenarios, developing skills in budgeting, cash flow management, and cost-benefit analysis. Through case studies and practical exercises, students will gain an understanding of how economic forces shape construction project outcomes.
Upon successful completion of this course, students will be able to:
These outcomes aim to equip students with the knowledge and skills needed to understand and apply economic concepts in construction, enabling them to make informed financial decisions and contribute to the successful management of construction projects.