Module title: Building Economics

SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV11111
Module leader: Andrew Smith
School School of Engineering and the Built Environment
Subject area group: Building and Surveying
Prerequisites

There are no pre-requisites for this module to be added

2017/8, Trimester 1, Blended, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Blended
Location of delivery: MERCHISTON
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Andrew Smith
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning and Teaching Methods including their alignment to LOs
LO1-4 Each face-to-face activity uses a wide variety of audio-visual resources, group discussion, case analysis to develop student engagement. Directed study focuses on development of the built environment concepts covered in the reading materials.

Embedding of employability/PDP/scholarship skills
LO1-4 Students take part in developmental exercises so as to better understand their personal skills and attributes and how to develop them to increase their employability. Their PDP is considered an integral part of this development as they are encouraged to reflect on what they have learned in the module and apply it to their personal situation. Learning outcomes relate to requirements of RICS.

Assessment (summative and formative)
Assessment 1 provides both the formative and summative assessment for selected sections of the module, being designed to give students formative feedback on several aspects of the learning process that can be applied to other learning situations, and summative feedback to provide the student with the positive educational dialogue to enable them to appreciate the various aspects of their submission in order to address these for future assessments. This assessment will test the knowledge and competence of the student on LO1.
Assessment 2 in the form of a centrally timetabled examination is designed to assess the students knowledge and competences across the full range of the learning outcomes, LOs 1,2,3 and 4 under examination conditions.

Research/Teaching linkages
At several points during the module the students are introduced to relevant built environment research to underpin their learning. Students are also expected to undertake personal research for the assessments, which builds their research skills.

Supporting Equality and Diversity
Through LO1-4 the issues of diversity are considered in the module.

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 36
Independent Learning Guided independent study 161
Face To Face Centrally Time Tabled Examination 3
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 50 1 12 HOURS= 0, WORDS= 3000
Centrally Time Tabled Examination 50 1,2,3,4 14/15 HOURS= 3, WORDS= 0
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Description of module content:

Appraisal and analysis of the economic structure and health of the UK property and building industries. Economic models of industrial location and urban growth. Macro economic overview and examination of regional and European issues. Urban land economics; theoretical analysis, assumptions and application of models. Allocation of real property resources. Principles of 'building economics'. Comparison of demand and supply side of the firm. Factors influencing construction cost. Cost and value management. Principles of developer's budgets, cost modelling and cost planning. Balancing value and cost.




Learning Outcomes for module:

On completion of this module you will be able to:
LO1. analyse, evaluate and apply economic principles to appropriate aspects of urban land, property procurement and building construction
LO2. explain the application of economic principles in the property and construction sector
LO3. apply the principles of cost and value management to property and construction projects
LO4 appraise design economics and cost planning, development appraisal and economic development.

Indicative References and Reading List - URL:
BSV11111