UEBE2513 ECONOMICS

OF THE CONSTRUCTION
INDUSTRY
Lecturer:

1). Yow Li Ping (Lecturer & Tutor)

2). Lim Chai Chai (Tutor)
Lecturer’s Details – Yow Li
Ping

• Room location : Level 8, FE 13(3)

• Consultation hour:
• Monday – 1pm – 3pm
• Tuesday – 1.30pm-3.30pm
• Email: yowlp@utar.edu.my
Objectives:
This course aims to:
1. Develop an understanding of the construction
industry and various aspects of its economy.
2. Ensure that candidates are well-versed with
the macroeconomics and microeconomics of
the construction industry.
3. Introduce sustainable economics to the
candidates of the construction industry.
Course Outcomes:
Course Outcomes: upon completion of this course, a
student shall be able to:
1. Apply theory in analysing issues confronting the
construction industry.
2. Explain macroeconomics theory confronting the
construction industry.
3. Describe how typical construction projects can be
affected by the state of economy.
4. Relate sustainable economics to the construction
industry.
References
Main References:
1. Myers, D. (2013).Construction Economics: A New Approach. (3rd ed.). London:
Routledge
2. Parkin, M. (2015). Economics. (12thed.) New York: Pearson.
Additional References:
3. Gruneberg, S. L. (1997). Construction economics: an introduction. Hamsphire:
Palgrave Macmillan.
4. Hillebrandt, P. M. (1985). Economic theory and the construction industry.
Hampshire: Palgrave Macmillan.
5. Ofori, G. (1990). The construction industry – aspects of its economy and
management. Singapore University Press.
6. Stiglitz, J. E. and Walsh, C.E. (2006). Principle of Microeconomics. Australia: WW
Norton
7. Stiglitz, J. E. and Walsh, C.E. (2006). Principle of Macroeconomics. Australia: WW
Norton
Methods of Assessment:

Test - 15%

Assignment – 25%
Lecture
Wk 1
Topics
• What is economics study?
• Introduction to the basic concepts.

Wk2
• Introducing economics of the construction industry.
• The nature and economic role of the construction
industry.
Lecture Topics
Wk 3
• Public Holiday

Wk 4
• The theory of demand
• The theory of supply

Wk 5
• Public Holiday
Lecture Topics
Wk 6
• Demand and supply side of the construction industry

Wk 7
• Cost, revenue, profit

Wk 8
• Types of market structure
Lecture Topics
Wk 9
• Macroeconomic objectives

Wk 10
• Business cycle &economic growth

Wk 11
• Fiscal and monetary policy
Lecture Topics
Wk 12
• Sustainable construction

Wk 13
• The role of market and the role of government
Tutorial Topics
Wk 2 & 3
Introduction to the basic concepts.

Wk 4&5
The theory of demand & supply

Wk 6&7
Cost, revenue, profit
Tutorial Topics
Wk 8 & 9
Market Structure

Wk 10&11
Marcroeconomics

Wk 12&13
Fiscal and monetary policy