NG1S712 - Built Environment Economics 01 Aug 2023 - 31 Jul 2029 | Version 5
Associated Module Information
| Module Code: | NG1S712 | ||
|---|---|---|---|
| Module Title: | Built Environment Economics | ||
| Faculty: | Faculty of Computing, Engineering and Science | ||
| Faculty Group: | Engineering | ||
| Faculty Sub Group: | Civil Engineering and Built Environment | ||
| Module Leader: | Shane Galvin | ||
| Module Team: | Stuart Bunston, Chris Pritchard, Grant Avon, Thomas Lambourne, Karen Le Feuvre, Debbie Hughes, Thomas Lambourne | ||
| First Intended Intake: | SEP 2028 | Final Year of Intake: | 2028 |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 4 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | |||
| HECOS Code Weighting: | |||
Document Version Information
| Version | 5 |
|---|---|
| Valid From | 01 Aug 2023 |
| Valid To | 31 Jul 2029 |
Module Aims
To develop a broad appreciation of how the economy is structured and operates and understand who and what influences the economy; and to have knowledge of the key sources of economic data relating to the economy and Built Environment sector, and an understanding how economic data influences decision making.
To understand and apply compound interest theory and have an appreciation of investment and risk analysis and to demonstrate knowledge of basic financial applications relating to cost and value in the context of the Built Environment.
Content Summary
This modules content is designed to introduce the students to the general economy and the Built Environment economy to help them begin to develop a holistic view of economic activity and economic theory:
In this module the student will:
• Understand economic activity and how that relates to economic theory such as supply and demand.
• Develop an understanding of the key economic indicators and their role in decision making.
• Gain an understanding of the Property and Construction markets and how they change throughout the economic cycle.
• Understand the impact of the Factors of Production and the Role of the Government in the economy and Built Environment.
• Demonstrate an understanding and application of Financial Calculations relating to the construction and property industries such as Compound Interest Theory and Discounted Cash Flows.
• Develop an understanding of Valuation Methods
• Develop an understanding of Investment Return & Risk Analysis
Lectures will involve discussions around current affairs to further the knowledge gained in relation to the economy and property markets and where possible utilise case studies to demonstrate real life application of the content.
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 24 |
| Seminar | 24 |
| Independent Study | 100 |
| Directed Study | 52 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Demonstrate an understanding of the economy in the context of market trends and the understanding of economic data. |
| LO2 | Demonstrate an understanding of the linkage between the performance of the general economy with the property and<br />construction sectors & application of mathematical methods used within the construction and property sectors. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Asynchronous Assessment | Report 1 | Report on economic activity. | 0 | 1500 | 50 | No | 40 |
| Synchronous Online Assessment | Classroom Test - Time Constrained (Online) 1 | Class Test on all aspects of the module. | 60 | N/A | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Report 1 | ✔ | ✔ | |
| Classroom Test - Time Constrained (Online) 1 | ✔ | ✔ | |