Construction Economics provides students with the principles and concepts underlying the relationship between economic theory and the construction industry. The new approach adopts an argument that economics is central to government initiatives concerning sustainable construction.
This edition has been expanded to include the latest debates regarding the private finance initiative, value management, off-site manufacture, the credit crunch, the 2008 OFT investigation into contractors colluding and sustainable construction. The opportunity has also been taken to update the data, examples, readings, and references.
This invaluable textbook is essential reading across a wide range of disciplines from construction management and civil engineering to architecture, property and surveying.
1. An Introduction to the Basic Concepts Part A: Effective Use of
Resources
2. Economic Systems for Resource Allocation
3. The Market
Mechanism
4. The Theory of Demand
5. The Theory of Supply
6. Clients and
Contractors
7. Costs of the Construction Firm
8. Types of Market Structure
in the Construction Industry Part B: Protection and Enhancement of the
Environment
9. Markets for Green Buildings and Infrastructure
10. Market
Failure and Government Intervention
11. Environmental Economics Part C:
Economic Growth that Meets the Needs of Everyone
12. Managing the
Macroeconomy
13. The Economy and Construction: Measurement and Manipulation
14. The Business Case: Inflation and Expectations
15. Sustainable
Construction. Glossary
Danny Myers is a lecturer and researcher based in the School of the Built and Natural Environment at the University of the West of England, Bristol, UK, and visiting lecturer at the University of Bath, UK.
